MINNEAPOLIS UNITED SOCCER FOR THE CITY (EIN 411754325) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

BEN RASMUSSEN

Phone

6126709783

Tax Period

2023-08-01 to 2024-07-31

MINNEAPOLIS UNITED SOCCER FOR THE CITY, founded in 1993, is a community nonprofit in the Recreation & Sports sector that reported $2.3M in total revenue in fiscal year 2023.

Mission

TO OPERATE A CITYWIDE YOUTH SOCCER PROGRAM IN MINNEAPOLIS GIVING ALL REGISTRANTS THE OPPORTUNITY TO ENJOY THE SPORT AT A LEVEL CONSISTENT WITH THEIR ABILITY AND COMMITMENT WHILE GROWING AS PLAYERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,976

Program Service Revenue $2,318,035

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,325,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,144,329

Fundraising Expenses $0

Program Expenses $2,305,048

Other Expenses $1,339,363

TOTAL EXPENSES $2,483,692

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,325,011	$2,267,153	+0.0%
Expenses	$2,483,692	$2,330,193	+0.1%
Net Income	$-158,681	$-63,040	+1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$85,850

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURIE LE MOINE	BOARD MEMBER	2.00	Director	$0	$0	$0
BEN RASMUSSEN	PRESIDENT	4.00	Officer Director	$0	$0	$0
ERIC LEE	SECRETARY	4.00	Officer Director	$0	$0	$0
TRENT LUNDER	TREASURER	4.00	Officer Director	$0	$0	$0
BILL HOPKINS	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK HOLLAND	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JON STEADLAND	BOARD MEMBER	2.00	Director	$0	$0	$0
DESMOND NATION	BOARD MEMBER	2.00	Director	$0	$0	$0
OSCAR ALVARADO	BOARD MEMBER	2.00	Director	$0	$0	$0
ANNE MAHLE	BOARD MEMBER	2.00	Director	$0	$0	$0
GREGG OLSON	EXECUTIVE DIRECTOR	30.00	Officer	$85,850	$0	$85,850

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$2,325,011	$2,483,692	$1,178,444	$-158,681
2023	$2,267,153	$2,330,193	$1,387,993	$-63,040
2022	$1,851,555	$1,883,327	$1,417,343	$-31,772
2021	$2,000,914	$1,521,929	$1,369,176	$478,985
2020	$1,303,671	$1,490,378	$1,021,778	$-186,707
2019	$1,789,431	$1,662,905	$957,751	$126,526

MINNEAPOLIS UNITED SOCCER FOR THE CITY