Chesapeake United Soccer Club 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

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 $562K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

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.

Program Service Accomplishments

Program 1

Expenses: $544,572 Revenue: $561,956

Chesapeake United Soccer Club advances youth soccer in the greater Chesapeake, Virginia area via the formation of leagues and the running of tournaments.

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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 $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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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

Key Employees

Highest Compensated

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