VIRGINA BEACH TRAVEL 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

1982

Legal Domicile

Phone

7576898157

Tax Period

2023-07-01 to 2024-06-30

VIRGINA BEACH TRAVEL SOCCER INC, founded in 1982, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. Expenses of $3.2M left a modest 14% surplus.

Mission

Sponsor youth soccer teams ages 4 through 19 years. Provide leagues, coaching, facilities, training clinics, equipment and tournaments

Program Service Accomplishments

Program 1

Expenses: $1,564,680 Revenue: $0

Provide coaching services for 4000 youths ages 4 through 19 to train and educate players

Program 2

Expenses: $1,457,268 Revenue: $632,881

Provide fields and soccer leagues for the education and training experience of players

Program 3

Expenses: $24,000 Revenue: $0

Financial Aid to players and college scholarships

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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 $2,761,367

Program Service Revenue $632,881

Investment Income $62,343

Other Revenue $298,345

TOTAL REVENUE $3,754,936

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $748,396

Fundraising Expenses $0

Program Expenses $3,045,948

Other Expenses $2,450,222

TOTAL EXPENSES $3,222,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,754,936	$3,481,179	+0.1%
Expenses	$3,222,618	$2,899,672	+0.1%
Net Income	$532,318	$581,507	-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

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

N/A

Employees

Volunteers

250

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Smith	Board Member	3.0	Director	$0	$0	$0
Sarah Tromly	Board Member	3	Director	$0	$0	$0
Brian Francazio	Board Member	3	Director	$0	$0	$0
Ryan Inman	Board Member	3	Director	$0	$0	$0
Josh Haggerty	Board Member	3	Director	$0	$0	$0
Tony Ritter	Board Member	3	Director	$0	$0	$0
Willie Sheperd	Secretary	4	Director	$0	$0	$0
Jefrey Hunn	Board Member	4	Director	$0	$0	$0
Mike Fine	Board Member	3	Director	$0	$0	$0
Kevin Larkin	Treasurer	7	Officer	$0	$0	$0
Michael Wagner	President	7	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
2025	No data	No data	No data	No data
2024	$3,754,936	$3,222,618	$4,874,653	$532,318
2023	$3,481,179	$2,899,672	$4,644,817	$581,507
2022	$3,019,809	$2,592,976	$4,363,875	$426,833
2021	$2,664,242	$2,226,894	$4,377,847	$437,348