CHARLOTTE SOCCER ACADEMY (EIN 561887771) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

JIM CANTALUPO

Phone

7047084166

Tax Period

2024-06-01 to 2025-05-31

CHARLOTTE SOCCER ACADEMY, founded in 2004, is a mid-sized nonprofit in the Recreation & Sports sector that reported $13.1M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.1M, a strong 16% operating margin.

Mission

THE CHARLOTTE SOCCER ACADEMY PROVIDES PLAYER DEVELOPMENT FOR APPROXIMATELY 9,286 BOYS AND GIRLS, RANGING IN AGE FROM 4 TO 19, COMPETING IN BOTH RECREATIONAL AND COMPETITIVE SOCCER. ACADEMY TEAMS PARTICIPATE IN SOCCER TOURNAMENTS THROUGHOUT THE UNITED STATES. ACADEMY PLAYERS HAVE BEEN SELECTED FOR STATE, REGIONAL AND NATIONAL TEAMS.

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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 $31,577

Program Service Revenue $12,107,371

Investment Income $389,572

Other Revenue $612,211

TOTAL REVENUE $13,140,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,062,207

Fundraising Expenses $0

Program Expenses $10,423,946

Other Expenses $7,937,217

TOTAL EXPENSES $10,999,424

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,140,731	$11,144,465	+0.2%
Expenses	$10,999,424	$9,861,682	+0.1%
Net Income	$2,141,307	$1,282,783	+0.7%

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

650

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
JIMMY O'BOYLE	Secretary	2.00	Officer Director	$0	$0	$0
JOHN BRETZ	Treasurer	2.00	Officer Director	$0	$0	$0
TOM COYNE	FINANCIAL AID	3.00	Director	$0	$0	$0
STEVE MILLER	FIELD DIRECTOR	5.00	Director	$0	$0	$0
JIM CANTALUPO	President	5.00	Officer Director	$0	$0	$0
BRAD WYLDE	Executive Dir.	2.00	Director	$0	$0	$0
BILL LAURIE	Vice President	2.00	Officer Director	$0	$0	$0
MATT RUSH	AT LARGE	2.00	Director	$0	$0	$0
JODY BIERD	AT LARGE	2.00	Director	$0	$0	$0
BILL FINNEYFROCK	AT LARGE	2.00	Director	$0	$0	$0
DAN DUDLEY	DIR OF COACHING	0.00		$0	$0	$0
JIM FINNERTY	DIR OF COACH/FACIL	0.00		$0	$0	$0
RAYMOND FRASER	DIR OF COACHING	0.00		$0	$0	$0
STEVE MAGEE	DIR OF COACHING	0.00		$0	$0	$0
MARK THORNTON	DIR OF COACHING	0.00		$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	$13,140,731	$10,999,424	$16,759,418	$2,141,307
2024	$11,144,465	$9,861,682	$14,917,030	$1,282,783
2023	$9,310,126	$8,763,970	$11,631,594	$546,156
2022	$8,684,226	$7,604,735	$10,553,353	$1,079,491
2021	$7,037,227	$6,524,629	$9,129,591	$512,598
2020	$6,629,904	$6,436,150	$6,436,281	$193,754
2019	$6,937,294	$6,783,801	$5,916,884	$153,493
2018	$5,984,523	$5,733,991	$5,257,869	$250,532

CHARLOTTE SOCCER ACADEMY