NOLA SOCCER ACADEMY LLC (EIN 453597652) - 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

2011

Legal Domicile

Principal Officer

KENNETH FARRELL

Tax Period

2023-01-01 to 2023-12-31

NOLA SOCCER ACADEMY LLC, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $733K in total revenue in fiscal year 2023. Expenses of $843K exceeded revenue, resulting in a 15% operating deficit.

Mission

NOLA SOCCER ACAEMY WILL PROVIDE SOCCER PROGRAMS TO YOUTH AND YOUNG ADULTS THAT WILL INCLUDE: GROUP TRAINING, PERSONAL TRAINING, COMPETITIVE TEAMS, PARENT COACHING CLINICS, COMMUNITY OUTREACH, ETC. IT WILL ALSO OPERATE THE MINOR LEAGUE TEAM.

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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 $67,818

Program Service Revenue $665,268

Investment Income $0

Other Revenue $0

TOTAL REVENUE $733,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,632

Fundraising Expenses $0

Program Expenses $677,349

Other Expenses $785,450

TOTAL EXPENSES $843,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$733,086	$699,332	+0.0%
Expenses	$843,082	$488,043	+0.7%
Net Income	$-109,996	$211,289	-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

N/A

Volunteers

N/A

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

$57,632

Total Directors

$57,632

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH FARRELL	PRESIDENT	40.00	Officer Director	$57,632	$0	$57,632
RON HISEL	DIRECTOR	4.00	Officer Director	$0	$0	$0
ROBERT ELLIS	TREASURERSECRETARY	4.00	Officer Director	$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
2024	No data	No data	No data	No data
2023	$733,086	$843,082	$311,649	$-109,996
2022	$699,332	$488,043	$421,726	$211,289
2021	$477,409	$373,042	$213,520	$104,367
2020	$309,393	$247,074	$106,068	$62,319
2019	$255,212	$221,527	$47,981	$33,685
2018	$360,887	$345,552	$31,266	$15,335

NOLA SOCCER ACADEMY LLC