ELKHORN 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

1993

Legal Domicile

Principal Officer

ROB HERRINGER

Phone

4024523655

Tax Period

2018-06-01 to 2019-05-31

ELKHORN SOCCER CLUB, founded in 1993, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2018. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

DEVELOPING A CULTURE OF EXCELLENCE. ELKHORN SOCCER CLUB IS COMMITTED TO HOLISTIC CHILD DEVELOPMENT. OUR GOAL IS TO GUIDE EVERY INDIVIDUAL TO THEIR FULL POTENTIAL AS PEOPLE AND ATHLETES.

Program Service Accomplishments

Program 1

Expenses: $484,151 Revenue: $581,279

SELECT SOCCER (11U-19U): THIS PATHWAY IS FOR PLAYERS AGE 10-19 WHO DESIRE TO PARTICIPATE IN A COMPETITIVE ENVIRONMENT. TEAMS ARE FORMED USING AN EVALUATION AND SELECTION PROCESS. THE EXECUTIVE...

SELECT SOCCER (11U-19U): THIS PATHWAY IS FOR PLAYERS AGE 10-19 WHO DESIRE TO PARTICIPATE IN A COMPETITIVE ENVIRONMENT. TEAMS ARE FORMED USING AN EVALUATION AND SELECTION PROCESS. THE EXECUTIVE DIRECTOR ASSIGNS COACHES TO EACH TEAM. TEAMS PLAY IN COMPETITIVE LEAGUES AND TRAVEL TO TOURNAMENTS. SELECT TEAMS PLAY FUTSAL AND TRAIN REGULARLY DURING THE WINTER SEASON. WE HAVE OVER 400 PLAYERS AND 25 PROFESSIONAL COACHES IN THE SELECT PROGRAM.

Program 2

Expenses: $158,766 Revenue: $242,883

THE HIVE ACADEMY (4U-10U): "THE HIVE ACADEMY" IS OUR TOTAL PLAYER DEVELOPMENT PROGRAM FOR CHILDREN 4-10 YEARS OLD. THE HIVE CURRICULUM AND INSTRUCTION IS BUILT AROUND THE CORE PRINCIPLES OF: SKILL...

THE HIVE ACADEMY (4U-10U): "THE HIVE ACADEMY" IS OUR TOTAL PLAYER DEVELOPMENT PROGRAM FOR CHILDREN 4-10 YEARS OLD. THE HIVE CURRICULUM AND INSTRUCTION IS BUILT AROUND THE CORE PRINCIPLES OF: SKILL, SPEED, STRENGTH, SPIRIT AND SELF-EXPRESSION. EACH AGE GROUP IN THE HIVE IS ASSIGNED A FULL-TIME "AGE GROUP DIRECTOR" WHO IS A PROFESSIONAL COACH AND HAS EXPERIENCE WORKING WITH YOUNG SOCCER PLAYERS. THE AGE GROUP DIRECTOR IS RESPONSIBLE FOR OVERSEEING ALL ASPECTS OF THEIR AGE GROUP, WHICH INCLUDES: TRAINING SESSION DESIGN AND EXECUTION, COACHING AND PARENT EDUCATION AND GAME-DAY MANAGEMENT. THE AGE GROUP DIRECTOR WORKS CLOSELY WITH PROFESSIONAL AND PARENT COACHES TO DELIVER TOP-NOTCH INSTRUCTION THAT FOLLOWS A CAREFULLY DESIGNED CLUB-WIDE CURRICULUM. TEAMS ARE FORMED BASED ON SCHOOL/NEIGHBORHOOD AND COACH REQUESTS.

Program 3

Expenses: $105,246 Revenue: $71,060

A.D.O. ACADEMY (11U-16U): PARENT COACHES CONDUCT TWO TRAINING SESSIONS PER WEEK WITH ASSISTANCE FROM THE A.D.O. DIRECTOR. TEAMS PLAY GAMES IN THE ENSA LEAGUE. ALL TEAMS HAVE THE OPTION TO PLAY FUTSAL DURING THE WINTER SEASON. ADDITIONAL CAMPS AND CLINICS ARE AVAILABLE DURING THE FALL, WINTER AND SPRING SEASONS. WE HAVE OVER 200 PLAYERS AND 15 PARENT COACHES IN THE A.D.O. PROGRAM EACH SEASON.

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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 (2018)

Revenue Breakdown

Contributions & Grants $23,616

Program Service Revenue $958,674

Investment Income $114

Other Revenue $44,274

TOTAL REVENUE $1,026,678

Expense Breakdown

Grants Paid $500

Salaries & Benefits $232,024

Fundraising Expenses $0

Program Expenses $875,592

Other Expenses $805,587

TOTAL EXPENSES $1,038,111

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,026,678	$871,714	+0.2%
Expenses	$1,038,111	$884,813	+0.2%
Net Income	$-11,433	$-13,099	-0.1%

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

250

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

$88,470

Total Directors

$23,244

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN ALMQUIST	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL BAILEY	PRESIDENT THRU 09/18	1.00	Officer Director	$0	$0	$0
SEAN FOSTER	VICE PRESIDENT	1.00	Officer Director	$8,085	$0	$8,085
AARON KEY	SECRETARY	1.00	Officer Director	$0	$0	$0
WENDY COOLEY	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC STUECKRATH	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT MOORE	MEMBER	1.00	Director	$0	$0	$0
RUSS SIEDLIK	MEMBER	1.00	Director	$6,930	$0	$6,930
KATHY RYGG	MEMBER	1.00	Director	$0	$0	$0
KEITH REID	MEMBER	1.00	Director	$8,229	$0	$8,229
DON KLOSTERMAN	MEMBER THRU 08/18	1.00	Director	$0	$0	$0
ROB HERRINGER	EXECUTIVE DIRECTOR	40.00	Officer	$80,385	$0	$80,385

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
2019	$1,026,678	$1,038,111	$412,139	$-11,433
2019	$679,977	$656,565	No data	$23,412
2018	$871,714	$884,813	$421,242	$-13,099