VIRGINIA SOCCER ASSOCIATION

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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

1980

Legal Domicile

Principal Officer

JOHN LOVELL

Phone

7035308585

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA SOCCER ASSOCIATION, founded in 1980, is a community nonprofit in the Recreation & Sports sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $3.3M left a modest 15% surplus.

Mission

THE VIRGINIA SOCCER ASSOCIATION (VSA) IS A SOCCER EDUCATION ORGANIZATION SERVING THE YOUTH OF WESTERN PRINCE WILLIAM COUNTY SINCE 1977. PLAYERS INCLUDE BOYS AND GIRLS

Program Service Accomplishments

Program 1

Expenses: $1,482,926 Revenue: $2,354,666

TRAVEL TEAM/ ACADEMY PROGRAM - TRAVEL TEAM HELP PLAYERS OF HIGHER ABILITIES TO COMPETE. THE VIRGINIA SOCCER ASSOCIATION (VSA) TRAVEL CLUB SUPPORTS U-9 THROUGH U-18 BOYS AND GIRLS TRAVEL TEAMS ON...

TRAVEL TEAM/ ACADEMY PROGRAM - TRAVEL TEAM HELP PLAYERS OF HIGHER ABILITIES TO COMPETE. THE VIRGINIA SOCCER ASSOCIATION (VSA) TRAVEL CLUB SUPPORTS U-9 THROUGH U-18 BOYS AND GIRLS TRAVEL TEAMS ON BEHALF OF VSA PLAYERS AND FAMILIES.

Program 2

Expenses: $200,408 Revenue: $464,878

HOUSE/SUBURBAN FRIENDSHIP LEAGUE (SFL)& REC - PLAYERS (BOYS AND GIRLS AS WELL AS ADULTS) FROM THE AGES OF 3 TO 85 WHO LIVE IN HAYMARKET, GAINESVILLE, CATHARPIN, BRISTOW, AND NEIGHBORING COMMUNITIES IN VIRGINIA. THE VSA ORGANIZES A RECREATION/INSTRUCTIONAL LEAGUE DURING THE SPRING AND FALL SEASONS.

Program 3

Expenses: $113,395 Revenue: $357,990

TOURNAMENT INCOME AND FIELD RENTALS. NET TOURNAMENT INCOME FROM SPRING TOURNAMENT FIELD RENTAL - THIS IS A CONTRACT WITH THE COUNTY WHERE THE COUNTY RENTS THE VSA FIELDS TO OTHER ORGANIZATIONS AND...

TOURNAMENT INCOME AND FIELD RENTALS. NET TOURNAMENT INCOME FROM SPRING TOURNAMENT FIELD RENTAL - THIS IS A CONTRACT WITH THE COUNTY WHERE THE COUNTY RENTS THE VSA FIELDS TO OTHER ORGANIZATIONS AND VSA IS GIVEN THE RENTAL FEE. THIS REVENUE IS EXPECTED TO GROW IN THE COMING YEARS.

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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 $343,165

Program Service Revenue $3,489,010

Investment Income $55

Other Revenue $37,353

TOTAL REVENUE $3,869,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,739,906

Fundraising Expenses $0

Program Expenses $2,117,093

Other Expenses $1,553,239

TOTAL EXPENSES $3,293,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,869,583	$3,166,504	+0.2%
Expenses	$3,293,145	$2,890,578	+0.1%
Net Income	$576,438	$275,926	+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

633

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

$228,624

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN LOVELL	PRESIDENT	3.00	Officer Director	$0	$0	$0
JACQUELINE STILES	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
VINCENT PETERS	TREASURER	3.00	Officer Director	$0	$0	$0
ANTHONY BASHORUN	SECRETARY	3.00	Officer Director	$0	$0	$0
MATTHEW PLODINEC	DIRECTOR	3.00	Director	$0	$0	$0
JORDYN SIMOES	DIRECTOR	3.00	Director	$0	$0	$0
DARLA BUTLER	DIRECTOR	3.00	Director	$0	$0	$0
SHAWN BRANN	DIRECTOR	3.00	Director	$0	$0	$0
TASHOME HAILU	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT ARDIGO	DIRECTOR	3.00	Director	$0	$0	$0
MATTHEW T LACEY	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$228,624	$0	$228,624
TIM KROUT	DIRECTOR OF COACHING	40.00	Highest	$101,538	$0	$101,538
NICHOLAS FOGLESONG	DIRECTOR OF COACHING	40.00	Highest	$102,400	$0	$102,400

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	$3,869,583	$3,293,145	$3,278,214	$576,438
2024	$3,166,504	$2,890,578	$2,857,847	$275,926
2023	$2,973,060	$2,500,521	$2,667,613	$472,539
2022	$2,700,996	$2,387,823	$2,307,310	$313,173
2021	$2,483,537	$2,109,224	$2,084,174	$374,313
2020	$1,604,616	$1,921,416	$2,002,895	$-316,800
2018	$2,342,905	$1,975,961	$1,310,111	$366,944