PRIOR LAKE SOCCER CLUB

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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

2002

Legal Domicile

Principal Officer

JIM CAVALLARO

Phone

9522373428

Tax Period

2024-08-01 to 2025-07-31

PRIOR LAKE SOCCER CLUB, founded in 2002, is a community nonprofit in the Recreation & Sports sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 154% from the prior year, signaling strong growth momentum. The organization ran a surplus of $374K, a strong 26% operating margin.

Mission

THE PURPOSE FOR WHICH THIS ASSOCIATION IS ORGANIZED IS TO DEVELOP AND OPERATE A YOUTH SOCCER PROGRAM. THIS ASSOCIATION WILL SEEK TO IMPLANT IN THE YOUTH OF THE COMMUNITY THE IDEALS OF GOOD SPORTSMANSHIP, FAIR PLAY, AND HONESTY FOR THE BETTERMENT OF THEIR PHYSICAL AND SOCIAL WELL-BEING WHILE PROVIDING A COMPETITIVE ENVIRONMENT FOR THE TRAVELING TEAMS.

Program Service Accomplishments

Program 1

Expenses: $834,884 Revenue: $1,365,944

PROVIDED FACILITIES, COACHES, TRAINERS, REFEREES, AND UNIFORMS FOR A YOUTH SOCCER PROGRAM.

Program 2

Expenses: $2,500

PROVIDED SCHOLARSHIPS FOR ELIGIBLE APPLICANTS.

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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 $9,050

Program Service Revenue $1,365,944

Investment Income $59,375

Other Revenue $1,700

TOTAL REVENUE $1,436,069

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $399,744

Fundraising Expenses $0

Program Expenses $837,384

Other Expenses $659,628

TOTAL EXPENSES $1,061,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,436,069	$565,855	+1.5%
Expenses	$1,061,872	$585,190	+0.8%
Net Income	$374,197	$-19,335	-20.4%

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

707

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

Total Directors

Key Employees

$166,637

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM CAVALLARO	PRESIDENT	2.00	Officer Director	$0	$0	$0
JESSICA YOUNG	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DIANE RAMSEY	TREASURER	2.00	Officer Director	$0	$0	$0
KRISTIN LAYMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
RYAN FLANAGAN	BOYS CORDINATOR	2.00	Director	$0	$0	$0
AL RAFAT	AT-LARGE COORDINATOR	2.00	Director	$0	$0	$0
GEORGE LIMBEROPOULOS	GIRLS COORDINATOR	2.00	Director	$0	$0	$0
KARI ORNES	EXECUTIVE DIRECTOR	40.00	Key Emp	$166,637	$0	$166,637

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	$1,436,069	$1,061,872	$1,736,756	$374,197
2023	$997,939	$869,422	$1,384,047	$128,517
2022	$961,550	$846,807	$1,253,377	$114,743
2021	$976,293	$729,694	$1,111,634	$246,599
2020	$606,770	$781,244	$865,035	$-174,474
2019	$1,038,551	$1,008,558	$1,039,483	$29,993
2018	$829,924	$626,925	$997,366	$202,999