CAROLINA ELITE SOCCER ACADEMY

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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

PEARSE A TORMEY

Phone

8643291113

Tax Period

2023-07-01 to 2024-06-30

CAROLINA ELITE SOCCER ACADEMY, founded in 2004, is a community nonprofit in the Recreation & Sports sector that reported $4.8M in total revenue in fiscal year 2023.

Mission

TO PROVIDE INSTRUCTION AND FACILITIES FOR YOUTH SOCCER

Program Service Accomplishments

Program 1

Expenses: $4,217,449 Revenue: $4,427,485

CESA OFFERS A WIDE RANGE OF SERVICES RANGING FROM HIGHLY COMPETITIVE ECNL AND ECRL LEAGUE PLAY TO AN IN-HOUSE RECREATIONAL LEAGUE. CESA WAS CREATED TO PROVIDE THE BEST POSSIBLE SERVICE TO ITS...

CESA OFFERS A WIDE RANGE OF SERVICES RANGING FROM HIGHLY COMPETITIVE ECNL AND ECRL LEAGUE PLAY TO AN IN-HOUSE RECREATIONAL LEAGUE. CESA WAS CREATED TO PROVIDE THE BEST POSSIBLE SERVICE TO ITS PLAYERS, INCLUDING INSTRUCTION AND FACILITIES. OVER 4,000 CHILDREN AND YOUNG ADULTS BENEFITED FROM OUR ORGANIZATION IN 2023-2024.

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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 $284,837

Program Service Revenue $4,427,485

Investment Income $61,057

Other Revenue $12,165

TOTAL REVENUE $4,785,544

Expense Breakdown

Grants Paid $18,699

Salaries & Benefits $2,073,214

Fundraising Expenses $0

Program Expenses $4,217,449

Other Expenses $2,678,115

TOTAL EXPENSES $4,770,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,785,544	$4,748,324	+0.0%
Expenses	$4,770,028	$4,342,082	+0.1%
Net Income	$15,516	$406,242	-1.0%

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

400

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

$922,737

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASPER D PUCKET	PRESIDENT	1.00	Officer Director	$0	$0	$0
GENE WHITE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID TORRIS	TREASURER	1.00	Officer Director	$0	$0	$0
KELLY RIDER	SECRETARY	1.00	Officer Director	$0	$0	$0
NICK LEGRAND	AT LARGE	1.00	Director	$0	$0	$0
KIM DUNHAM	LEGAL ADVISOR	1.00	Director	$0	$0	$0
NANCY CALLAHAN	LIASON	1.00	Director	$0	$0	$0
PEARSE A TORMEY	CO-EXEC DIRECTOR	40.00	Officer	$415,787	$36,448	$452,235
ANDREW A HYSLOP	CO-EXEC DIRECTOR	40.00	Officer	$415,787	$54,715	$470,502

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	$4,785,544	$4,770,028	$9,620,339	$15,516
2023	$4,748,324	$4,342,082	$6,894,946	$406,242
2022	$4,175,870	$3,669,129	$5,387,285	$506,741
2021	$3,326,136	$2,920,799	$2,881,936	$405,337
2020	$2,195,811	$2,591,664	$1,993,205	$-395,853
2019	$2,981,645	$2,837,788	$2,314,558	$143,857
2018	$2,743,027	$2,787,851	$2,101,407	$-44,824