FREDERICKSBURG AREA SOCCER ASSOCIA… - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

Grover Gibson

Phone

5407606409

Tax Period

2024-01-01 to 2024-12-31

FREDERICKSBURG AREA SOCCER ASSOCIATION INC, founded in 1982, is a small nonprofit in the Recreation & Sports sector that reported $780K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

This organization has the mission of providing soccer to benefit the kids in the Fredericksburg area. The Club has programming for players age 3 to 19, in a fun, competitive environment.

Program Service Accomplishments

Program 1

Expenses: $772,892 Revenue: $780,070

Providing developmental soccer for players in the Fredericksburg area.

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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 $14,041

Program Service Revenue $766,027

Investment Income $2

Other Revenue $0

TOTAL REVENUE $780,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $266,690

Fundraising Expenses $0

Program Expenses $772,892

Other Expenses $506,202

TOTAL EXPENSES $772,892

Year-over-Year Comparison

	2024	2023	Change
Revenue	$780,070	$627,713	+0.2%
Expenses	$772,892	$723,628	+0.1%
Net Income	$7,178	$-95,915	-1.1%

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

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

Total Directors

$81,591

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Grover Gibson	President	5	Director	$81,591	$0	$81,591
Shayla Ripley	Director	1	Officer	$0	$0	$0
Keith Izadi	Vice President	1	Officer	$0	$0	$0
Paula Kallay	Director	1	Officer	$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	$780,070	$772,892	$123,937	$7,178
2019	$657,321	$786,639	$196,179	$-129,318
2018	$920,674	$893,550	$302,365	$27,124

FREDERICKSBURG AREA SOCCER ASSOCIATION INC