Virginia Rush Soccer Inc

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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

1978

Legal Domicile

Phone

7574303500

Tax Period

2024-09-01 to 2025-08-31

Virginia Rush Soccer Inc, founded in 1978, is a community nonprofit in the Recreation & Sports sector that reported $1.8M in total revenue in fiscal year 2024.

Mission

Provided educational, developmental programs for the Hampton Roads community through Recreational, Development and Competitive soccer for the youth ages two through 19 years of age.

Program Service Accomplishments

Program 1

Expenses: $1,095,238 Revenue: $818,709

Competitive Programs - Competitive program enrollment decreased during the reporting period due to the discontinuation of the Peninsula teams. After careful evaluation, assuming operations of the VA Rush Peninsula branch were determined not to be in the best interest of the organization. Despite the decrease in enrollment, the program continues to successfully place players at NCAA Division I, II, and III institutions. Participants are also selected for the Olympic Development Program (ODP) at both the state and regional levels and have been identified for U.S. Soccer Training Centers. Overall competitive player levels experienced a slight decline during the year, consistent with the organization's strategic plan to restructure and prepare for future participation in an elite league.

Program 2

Expenses: $371,507 Revenue: $709,515

The Developmental Program - Participation and registrations increased across all three developmental program levels: Advanced, Recreational, and Developmental Academy. The organization continued to offer an introductory training program for children ages two and three to promote early skill development and engagement. In support of community outreach initiatives, the organization continued its equipment donation program, collecting and redistributing uniforms and soccer equipment to players in need. Community engagement efforts were expanded during the reporting period.

Program 3

Expenses: $121,972 Revenue: $146,071

Tournaments - Participation in two of the organization's three hosted tournaments remained consistent with the prior year, while the December tournament experienced an increase in participation...

Tournaments - Participation in two of the organization's three hosted tournaments remained consistent with the prior year, while the December tournament experienced an increase in participation. Tournament attendance continues to be impacted by increased competition from other regional tournaments and weather-related factors.

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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 (2024)

Revenue Breakdown

Contributions & Grants $101,958

Program Service Revenue $1,663,352

Investment Income $11

Other Revenue $24,115

TOTAL REVENUE $1,789,436

Expense Breakdown

Grants Paid $17,115

Salaries & Benefits $653,690

Fundraising Expenses $18,643

Program Expenses $1,588,717

Other Expenses $1,191,728

TOTAL EXPENSES $1,862,533

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,789,436	$1,793,977	0.0%
Expenses	$1,862,533	$2,015,465	-0.1%
Net Income	$-73,097	$-221,488	-0.7%

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

287

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

$149,625

Total Directors

$104,325

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Speight	President	30.0	Officer Director	$0	$0	$0
Matthew Mittelstaedt	Board Member / Technical Director	50.0	Officer Director	$102,000	$2,325	$104,325
Theresa McPherson	Treasurer / Secretary	30.0	Officer Director	$0	$0	$0
Corrinne Dillon	Executive Director	50.0	Officer	$45,300	$0	$45,300

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	$1,789,436	$1,862,533	$1,979,304	$-73,097
2024	$1,793,977	$2,015,465	$335,447	$-221,488
2023	$1,866,206	$1,893,394	$556,935	$-27,188
2022	$1,727,385	$1,319,835	$584,123	$407,550
2021	$1,682,811	$1,354,631	$400,137	$328,180
2020	$1,260,107	$1,304,251	$256,816	$-44,144
2019	$1,560,081	$1,681,159	$455,552	$-121,078
2018	$1,899,161	$1,796,327	$457,949	$102,834