MINNEAPOLIS UNITED SOCCER FOR THE … - Form 990 Financial Data

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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

2024-08-01 to 2025-07-31

MINNEAPOLIS UNITED SOCCER FOR THE CITY, founded in 1993, is a community nonprofit in the Recreation & Sports sector that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE MISSION IS 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. THE GOAL IS TO PROVIDE: AN AFFORDABLE, FRIENDLY SOCCER EXPERIENCE FOR EVERY PARTICIPANT AND FAMILY; DEVELOPMENT OF QUALITY COACHING FOR EVERY LEVEL OF PLAY; THE OPPORTUNITY FOR EVERY YOUTH PLAYER TO PLAY ON A TEAM AT A LEVEL CONSISTENT WITH THEIR ABILITY AND COMMITMENT; AND THE OPPORTUNITY FOR YOUNG PLAYERS TO IMPROVE THEIR PLAYING SKILL AND ABILITY. REGISTRANTS ARE ACCEPTED WITHOUT REGARD TO RACE, GENDER OR SKILL LEVEL. FINANCIAL AID IS AVAILABLE TO QUALIFYING PLAYERS AND FAMILIES. APPLICATIONS FOR FINANCIAL AID ARE CONFIDENTIAL. MINNEAPOLIS UNITED IS AN AFFILIATE MEMBER OF BOTH MINNESOTA YOUTH SOCCER ASSOCIATION (MYSA) AND TWIN CITIES SOCCER LEAGUE (TCSL). TO MAINTAIN GOOD STANDING WITH THE MYSA AND TCSL, MINNEAPOLIS UNITED MUST BE CURRENT IN ITS FINANCIAL OBLIGATIONS TO MYSA AND COMPLY WITH ALL OTHER REQUIREMENTS OF THE ARTICLES OF INCORPORATION, BYLAWS AND RULES OF THE MYSA AND THE UNITED STATES SOCCER FEDERATION.

Program Service Accomplishments

Program 1

Expenses: $2,523,386 Revenue: $2,613,679

YOUTH SOCCER COMPETITIVE PROGRAM - OFFER YEAR ROUND COMPETITIVE SOCCER PROGRAM FOR APPROXIMATELY 1,000 CHILDREN AGES 9-19 (BOYS AND GIRLS) THROUGH MINNESOTA YOUTH SOCCER ASSOCIATION ("MYSA") AND TWIN CITIES SOCCER LEAGUE ("TCSL") AT ALL COMPETITIVE LEVELS, FROM ACADEMY, PREMIER, COPA, SAMBA, AND TANGO LEVELS, FALL SEASON IS FOR 9U-14U AGE GROUPS. WINTER INCLUDES TRAINING PROGRAMS FOR ALL LEVELS. SPRING SEASON IS FOR 9U-19U AGES. RECREATION PROGRAM - OFFER SUMMER SOCCER RECREATION PROGRAM FOR APPROXIMATELY 1,000 BOYS AND GIRLS AGES 5-14. THE ORGANIZATION PROVIDES FINANCIAL AID THROUGH REDUCED FEES TO PLAYERS IN NEED OF ASSISTANCE. THE AMOUNT OF FINANCIAL AID IS APPROXIMATELY $312,000 IN FISCAL YEAR 2025.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,183

Program Service Revenue $2,613,679

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,620,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,259,151

Fundraising Expenses $0

Program Expenses $2,523,386

Other Expenses $1,463,792

TOTAL EXPENSES $2,722,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,620,862	$2,325,011	+0.1%
Expenses	$2,722,943	$2,483,692	+0.1%
Net Income	$-102,081	$-158,681	-0.4%

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

$87,550

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	$87,550	$0	$87,550

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
2025	$2,620,862	$2,722,943	$1,321,678	$-102,081
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