NORTH OAKS SOCCER CLUB INC (EIN 472344889) - 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

2014

Legal Domicile

Principal Officer

John Michaelson

Phone

6513237454

Tax Period

2023-09-01 to 2024-08-31

NORTH OAKS SOCCER CLUB INC, founded in 2014, is a small nonprofit in the Recreation & Sports sector that reported $730K in total revenue in fiscal year 2023. Expenses of $622K left a modest 15% surplus.

Mission

North Oaks Soccer Club provides a unique development experience for all players and families looking for intensified technical skill work that will help players understand the tactical elements of the game of soccer.

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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 $0

Program Service Revenue $729,834

Investment Income $11

Other Revenue $0

TOTAL REVENUE $729,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,992

Fundraising Expenses $0

Program Expenses $613,530

Other Expenses $580,988

TOTAL EXPENSES $621,980

Year-over-Year Comparison

	2023	2022	Change
Revenue	$729,845	$708,663	+0.0%
Expenses	$621,980	$698,889	-0.1%
Net Income	$107,865	$9,774	+10.0%

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

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

$40,992

Total Directors

$40,992

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Michaelson	President	30	Officer Director	$40,992	$0	$40,992
Chris Lapalm	Vice President	3	Officer Director	$0	$0	$0
Calen Nimmer	Secretary	3	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	$729,845	$621,980	$923,097	$107,865
2023	$708,663	$698,889	$851,880	$9,774
2022	$941,408	$823,741	$866,538	$117,667
2021	$757,968	$807,009	$369,931	$-49,041
2020	$385,691	$249,886	$416,262	$135,805
2019	$385,794	$306,592	$138,116	$79,202

NORTH OAKS SOCCER CLUB INC