CHICAGO CITY SOCCER CLUB (EIN 462627195) - 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

2013

Legal Domicile

Principal Officer

MICHAEL SPINGOLA

Phone

7736612317

Tax Period

2021-07-01 to 2022-06-30

CHICAGO CITY SOCCER CLUB, founded in 2013, is a community nonprofit in the Recreation & Sports sector that reported $2.2M in total revenue in fiscal year 2021. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $2.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

CHICAGO CITY SOCCER CLUB IS COMMITTED TO PROVIDING OPPORTUNITIES FOR YOUNG PEOPLE IN THE CITY OF CHICAGO, ILLINOIS TO LEARN AND PLAY SOCCER IN A HEALTHY AND POSITIVE ENVIRONMENT, AND TO GUIDING CHICAGO YOUTH SOCCER PLAYERS IN THE IMPROVEMENT OF THEIR SOCCER SKILLS, TEAMWORK, AND PERSONAL DEVELOPMENT.

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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 (2021)

Revenue Breakdown

Contributions & Grants $171,069

Program Service Revenue $2,002,990

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,174,059

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,137,267

Fundraising Expenses $3,004

Program Expenses $2,256,353

Other Expenses $1,346,320

TOTAL EXPENSES $2,483,587

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,174,059	$1,785,211	+0.2%
Expenses	$2,483,587	$1,443,418	+0.7%
Net Income	$-309,528	$341,793	-1.9%

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

$53,429

Total Directors

$229,929

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SPINGOLA	PRESIDENT	2.50	Officer Director	$9,167	$0	$9,167
MICHAEL SPINGOLA	TREASURER	2.50	Officer Director	$44,262	$0	$44,262
MARIE ZENERE	SECRETARY	25.00	Officer Director	$0	$0	$0
NICK MULVANEY	DIRECTOR	40.00	Director	$176,500	$0	$176,500
PATRICK BUSHELL	LEGAL COUNSEL	2.00	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
2022	$2,174,059	$2,483,587	$204,895	$-309,528
2021	$1,785,211	$1,443,418	$685,341	$341,793
2020	$1,278,995	$1,400,424	$195,587	$-121,429
2019	$1,291,804	$1,566,131	$144,375	$-274,327
2018	$1,349,655	$1,347,235	$410,390	$2,420

CHICAGO CITY SOCCER CLUB