LAFC SPORTS FOUNDATION (EIN 474683101) - 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

2015

Legal Domicile

Principal Officer

LARRY FREEDMAN

Phone

2135199895

Tax Period

2023-01-01 to 2023-12-31

LAFC SPORTS FOUNDATION, founded in 2015, is a small nonprofit in the Youth Development sector that reported $737K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 52% operating deficit.

Mission

THE LAFC FOUNDATION FURTHERS OUR CLUB'S MISSION OF UNITING THE WORLD'S CITY THROUGH (SEE SCHEDULE O) THE WORLD'S GAME, BRINGING JOY TO PEOPLE, AND BEING A FORCE FOR GOOD IN OUR COMMUNITY BY SUPPORTING CRITICAL PROGRAMS AND BRINGING THE INDOMITABLE BLACK & GOLD SPIRIT WHEREVER WE GO.

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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 $737,056

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $737,056

Expense Breakdown

Grants Paid $490,014

Salaries & Benefits $147,278

Fundraising Expenses $7,615

Program Expenses $771,191

Other Expenses $481,640

TOTAL EXPENSES $1,118,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$737,056	$676,806	+0.1%
Expenses	$1,118,932	$1,044,993	+0.1%
Net Income	$-381,876	$-368,187	+0.0%

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

$87,854

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISON ROSENTHAL	DIRECTOR	1.00	Director	$0	$0	$0
LARRY BERG	TREASURER	3.00	Officer Director	$0	$0	$0
ALLISON BERG	DIRECTOR	1.00	Director	$0	$0	$0
RICO JEFFREY GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
NATASHA BECK	DIRECTOR	1.00	Director	$0	$0	$0
BENNETT ROSENTHAL	CHAIRMAN	4.00	Officer Director	$0	$0	$0
BRANDON BECK	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER REED	EXECUTIVE DIRECTOR (THRU 1/2023)	40.00	Officer	$38,538	$0	$38,538
LARRY FREEDMAN	CHIEF EXECUTIVE OFFICER	3.00	Officer	$0	$0	$0
STACY JOHNS	CHIEF FINANCIAL OFFICER	3.00	Officer	$0	$0	$0
BENNY TAN	SECRETARY	3.00	Officer	$0	$0	$0
CHELSEY OEFFLER	MANAGER (FROM 06/23)	40.00	Officer	$49,316	$0	$49,316

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	$737,056	$1,118,932	$411,908	$-381,876
2022	$676,806	$1,044,993	$933,148	$-368,187
2021	$1,446,668	$878,252	$1,380,714	$568,416
2020	$448,734	$929,019	$235,801	$-480,285
2019	$890,621	$910,710	$814,044	$-20,089
2018	$1,133,981	$447,859	$703,356	$686,122

LAFC SPORTS FOUNDATION