SOUTH LAKES BOOSTER CLUB (EIN 562525079) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

Terry Redican

Phone

2679728663

Tax Period

2023-07-01 to 2024-06-30

SOUTH LAKES BOOSTER CLUB INC DBA SOUTH LAKES ATHLETIC BOOSTERS, founded in 1983, is a small nonprofit in the Education sector that reported $242K in total revenue in fiscal year 2017. Revenue decreased 19% compared to the prior year. Expenses of $234K left a modest 3% surplus.

Mission

To raise funds for the extracurricular activities and student educational activities of South Lakes High School in Reston VA and to promote the general welfare and betterment of athletic and extracurricular activities with the general community.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,137

Program Service Revenue $317,320

Investment Income $417

Other Revenue $0

TOTAL REVENUE $320,874

Expense Breakdown

Grants Paid $159,461

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $282,960

Other Expenses $127,357

TOTAL EXPENSES $286,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$320,874	$280,463	+0.1%
Expenses	$286,818	$261,772	+0.1%
Net Income	$34,056	$18,691	+0.8%

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

N/A

Volunteers

100

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
Terry Redican	President	2	Officer	$0	$0	$0
John Brennan	VP	2	Officer	$0	$0	$0
Laura Settar	VP	4	Officer	$0	$0	$0
Rachel Copeland	Financial Secretary	8	Officer	$0	$0	$0
Chris Keating	Treasurer	8	Officer	$0	$0	$0
Irelynn Legler	Secretary	1	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	$320,874	$286,818	$150,017	$34,056
2023	$280,463	$261,772	$106,294	$18,691
2022	$292,804	$243,330	$90,191	$49,474
2021	$108,469	$96,881	$40,429	$11,588
2020	$189,740	$208,362	$31,225	$-18,622
2019	$214,477	$204,047	$51,458	$10,430
2018	$241,697	$233,565	$75,350	$8,132

SOUTH LAKES BOOSTER CLUB