FLORENCE SOCCER ASSOCIATION (EIN 571002259) - 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

1994

Legal Domicile

Principal Officer

BRANDIE HAYES

Tax Period

2023-01-01 to 2023-12-31

FLORENCE SOCCER ASSOCIATION, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $474K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $438K left a modest 8% surplus.

Mission

RECREATIONAL AND ACADEMY SOCCER FOR FLORENCE AREA YOUTH

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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 $86,886

Program Service Revenue $390,416

Investment Income $0

Other Revenue $-3,324

TOTAL REVENUE $473,978

Expense Breakdown

Grants Paid $14,315

Salaries & Benefits $0

Fundraising Expenses $9,409

Program Expenses $399,905

Other Expenses $423,601

TOTAL EXPENSES $437,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$473,978	$425,646	+0.1%
Expenses	$437,916	$418,606	+0.0%
Net Income	$36,062	$7,040	+4.1%

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

N/A

Volunteers

N/A

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
BRANDIE HAYES	PRESIDENT	10	Officer Director	$0	$0	$0
JOLLY EHIABHI	VICE PRESIDENT	5	Officer Director	$0	$0	$0
JOHN KERNS	SECRETARY	1	Officer Director	$0	$0	$0
KINDA MCINNIS	TREASURER	8	Officer Director	$0	$0	$0
LEIGHAN FLUHAR	MARKETING	3	Officer 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	No data	No data	No data	No data
2023	$473,978	$437,916	$174,569	$36,062
2022	$425,646	$418,606	$138,507	$7,040
2021	$297,091	$270,681	$131,467	$26,410
2020	$250,894	$191,321	$105,057	$59,573
2019	$300,762	$293,028	$53,109	$7,734
2018	$167,549	$255,329	$37,749	$-87,780

FLORENCE SOCCER ASSOCIATION