Chesapeake United Soccer Club Inc

EIN: 541630825 501(c)(3) Recreation & Sports

Chesapeake, VA

Total Revenue
$561,956
Total Expenses
$588,703
Total Assets
$401,770
Net Assets
$199,810
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
VA
Principal Officer
Matthew Rudick
Phone
7572718619
Tax Period
2023-07-01 to 2024-06-30

Chesapeake United Soccer Club Inc, founded in 1978, is a small nonprofit in the Recreation & Sports sector that reported $284K in total revenue in fiscal year 2018.

Mission

To provide children with a fun experience in a coaching soccer environment and to develop each childs soccer skills and knowledge of the game and learn team skills.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $38,123
Program Service Revenue $523,833
Investment Income $0
Other Revenue $0
TOTAL REVENUE $561,956

Expense Breakdown

Grants Paid $0
Salaries & Benefits $220,892
Fundraising Expenses $0
Program Expenses $544,572
Other Expenses $367,811
TOTAL EXPENSES $588,703

Year-over-Year Comparison

2023 2022 Change
Revenue $561,956 $486,327 +0.2%
Expenses $588,703 $487,277 +0.2%
Net Income $-26,747 $-950 +27.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
5
Volunteers
30

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tabitha Abnet President 5.00
Officer Director
$0 $0 $0
Randy Curtiss Vice President 5.00
Officer Director
$0 $0 $0
Matt Rudick Treasurer 5.00
Officer Director
$0 $0 $0
Maria Rudick Co-Treasurer 5.00
Officer Director
$0 $0 $0
Charles Howell Member at Large #1 5.00
Director
$0 $0 $0
Kristi Dennis Member at Large #1 5.00
Director
$0 $0 $0
Jason Fealy Advanced Commissioner 5.00
Director
$0 $0 $0
Dan Abnet Travel Commissioner 5.00
Director
$0 $0 $0
Anthony Pickens Committee Chair 5.00
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 $561,956 $588,703 $401,770 $-26,747
2023 $486,327 $487,277 $338,376 $-950
2022 $435,274 $389,789 $326,499 $45,485
2021 $350,375 $268,588 $264,498 $81,787
2020 $317,735 $268,896 $145,220 $48,839
2019 $284,250 $276,987 $128,575 $7,263
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