GFI Academy INC

EIN: 471082520 501(c)(3) Recreation & Sports

Spring, TX

Total Revenue
$6,453,828
Total Expenses
$6,274,395
Total Assets
$1,808,226
Net Assets
$251,864
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
TX
Principal Officer
Joel Verges
Phone
7866511290
Tax Period
2024-06-01 to 2025-05-31

GFI Academy INC, founded in 2015, is a community nonprofit in the Recreation & Sports sector that reported $6.5M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum.

Mission

Our programs are dedicated to providing high-quality soccer training and development for youth ages 5 to 18, both female and male. By operating as a nonprofit, the organization focuses on fostering teamwork, sportsmanship, and leadership through structured practices, competitive play, and community engagement. The goal is to create a safe, inclusive, and supportive environment that helps young athletes develop physical fitness, technical skills, and personal character, ultimately benefiting their growth both on and off the field.

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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 $86,976
Program Service Revenue $6,215,074
Investment Income $0
Other Revenue $151,778
TOTAL REVENUE $6,453,828

Expense Breakdown

Grants Paid $0
Salaries & Benefits $477,586
Fundraising Expenses $0
Program Expenses $6,274,395
Other Expenses $5,796,809
TOTAL EXPENSES $6,274,395

Year-over-Year Comparison

2024 2023 Change
Revenue $6,453,828 $4,356,804 +0.5%
Expenses $6,274,395 $4,158,496 +0.5%
Net Income $179,433 $198,308 -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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joel Verges President & CEO 30.00
Director
$0 $0 $0
Gerardo Torrado Director 40.00
Director
$0 $0 $0
Miguel Gonzalez Secretary 2.00
Director
$0 $0 $0
Gareth Glick Academy Director 40.00
$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 $6,453,828 $6,274,395 $1,808,226 $179,433
2024 $4,356,804 $4,158,496 $1,472,472 $198,308
2023 $1,659,095 $1,650,358 $908,984 $8,737
2022 $1,218,293 $1,189,692 $298,509 $28,601
2021 $880,376 $890,852 $165,315 $-10,476
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