CEDAR VALLEY SOCCER CLUB

EIN: 421380468 501(c)(3) Recreation & Sports

CEDAR FALLS, IA

Total Revenue
$1,044,548
Total Expenses
$963,385
Total Assets
$668,064
Net Assets
$659,897
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
IA
Principal Officer
ANDREW FOBER
Phone
3192667364
Tax Period
2024-07-01 to 2025-06-30

CEDAR VALLEY SOCCER CLUB, founded in 1991, is a community nonprofit in the Recreation & Sports sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $963K left a modest 8% surplus.

Mission

THE PURPOSE OF THE CVSC IT TO PROMOTE AND FOSTER THE GAME OF SOCCER ON THE YOUTH AMATUER LEVEL IN THE WATERLLO AND CEDAR FALLS METROPOLITAN AREA AND SURROUNDING COMMUNITIES. THE CVSC CARRIES OUT ITS PURPOSE BY SPONSORINF RECREATIONAL AND COMPETITIVE SOCCER TEAMS FOR AGES LESS THAN NINETEEN YEARS OF AGE AND BY PROVIDING TRAINING OPPORTUNITIES FOR COACHES AND REFEREES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,868
Program Service Revenue $996,133
Investment Income $10,071
Other Revenue $25,476
TOTAL REVENUE $1,044,548

Expense Breakdown

Grants Paid $0
Salaries & Benefits $356,868
Fundraising Expenses $0
Program Expenses $867,046
Other Expenses $606,517
TOTAL EXPENSES $963,385

Year-over-Year Comparison

2024 2023 Change
Revenue $1,044,548 $955,131 +0.1%
Expenses $963,385 $889,772 +0.1%
Net Income $81,163 $65,359 +0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
500

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
6
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNI FRIEDLY Director 1.00
Director
$0 $0 $0
JILL RICHWINE Director 1.00
Director
$0 $0 $0
CARRIE RANKIN Director 1.00
Director
$0 $0 $0
JEN SMITH Director 1.00
Director
$0 $0 $0
TOM HERZMANN President 1.00
Officer
$0 $0 $0
AMANDA GOODMAN Vice President 1.00
Officer
$0 $0 $0
DREW FOBER Treasurer 1.00
Officer
$0 $0 $0
SAM ESKELSON Secretary 1.00
Officer
$0 $0 $0
HEATH SEEGERS Director 1.00
Officer
$0 $0 $0
ELIAS RILEY Director 1.00
Officer
$0 $0 $0
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 $1,044,548 $963,385 $668,064 $81,163
2024 $955,131 $889,772 $581,115 $65,359
2023 $964,846 $963,005 $516,545 $1,841
2022 $839,023 $851,009 $514,919 $-11,986
2021 $665,551 $484,880 $527,121 $180,671
2020 $405,994 $482,897 $420,360 $-76,903
2019 $641,916 $564,418 $423,659 $77,498
2018 $654,480 $558,179 $350,622 $96,301
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