TRIANGLE ADULT SOCCER LEAGUE

EIN: 571167591 Recreation & Sports

RALEIGH, NC

Total Revenue
$1,169,403
Total Expenses
$866,590
Total Assets
$1,321,348
Net Assets
$1,255,309
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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
2003
Legal Domicile
NC
Principal Officer
DONNA LANGDON
Phone
9193414554
Tax Period
2024-08-01 to 2025-07-31

TRIANGLE ADULT SOCCER LEAGUE, founded in 2003, is a community nonprofit in the Recreation & Sports sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $303K, a strong 26% operating margin.

Mission

TO DEVELOP, PROMOTE, AND EDUCATE PLAYERS.

Program Service Accomplishments

Program 1
Expenses: $809,935

THE TRIANGLE ADULT SOCCER LEAGUE IS COMMITTED TO DEVELOP, PROMOTE AND ADMINISTER THE GAME OF SOCCER AMONG MEN AND WOMEN OVER EIGHTEEN (18) YEARS OF AGE WITHIN NORTH CAROLINA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,146,054
Program Service Revenue $0
Investment Income $22,894
Other Revenue $455
TOTAL REVENUE $1,169,403

Expense Breakdown

Grants Paid $1,500
Salaries & Benefits $129,779
Fundraising Expenses $0
Program Expenses $809,935
Other Expenses $735,311
TOTAL EXPENSES $866,590

Year-over-Year Comparison

2024 2023 Change
Revenue $1,169,403 $969,360 +0.2%
Expenses $866,590 $826,983 +0.0%
Net Income $302,813 $142,377 +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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
18
Independent Members
18
Employees
2
Volunteers
18

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
5
$68,814
Total Directors
19
$68,814
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE SWIFT PRESIDENT 5.00
Officer Director
$0 $0 $0
DAVID ZABARSKY VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
SAMUEL COHEN SECRETARY 5.00
Officer Director
$0 $0 $0
ANDREW SNIDER TREASURER 5.00
Officer Director
$0 $0 $0
GABRIEL OGUNWOBI DIVISION REPRESENTATIVE 2.00
Director
$0 $0 $0
DUSTIN WENZEL DIVISION REPRESENTATIVE 2.00
Director
$0 $0 $0
PAULIE PALAMAR DIVISION REPRESENTATIVE 2.00
Director
$0 $0 $0
MIKE MELONE DIVISION REPRESENTATIVE 2.00
Director
$0 $0 $0
ALEX SANCHEZ DIVISION REPRESENTATIVE 2.00
Director
$0 $0 $0
CAITLYN HAMMON DIVISION REPRESENTATIVE 2.00
Director
$0 $0 $0
JOE PERFETTO DIVISION REPRESENTATIVE 2.00
Director
$0 $0 $0
JACK HILL DIVISION REPRESENTATIVE 2.00
Director
$0 $0 $0
ANNA BODA DIVISION REPRESENTATIVE 2.00
Director
$0 $0 $0
KATIE TRITT DIVISION REPRESENTATIVE 2.00
Director
$0 $0 $0
ELIAS BURCH DIVISION REPRESENTATIVE 2.00
Director
$0 $0 $0
ERNIE CHILCOTT DIVISION REPRESENTATIVE 2.00
Director
$0 $0 $0
DONNA LANGDON DIRECTOR 40.00
Officer Director
$68,814 $0 $68,814
CHRISTIAN GUTHRIE DIVISION REPRESENTATIVE 2.00
Director
$0 $0 $0
AUDREY SHORE DIVISION REPRESENTATIVE 2.00
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
2025 $1,169,403 $866,590 $1,321,348 $302,813
2024 $969,360 $826,983 $1,052,962 $142,377
2023 $835,085 $756,748 $945,397 $78,337
2022 $755,858 $573,467 $965,235 $182,391
2021 $379,624 $355,874 $762,072 $23,750
2020 $394,434 $385,025 $547,071 $9,409
2019 $634,571 $574,436 $682,381 $60,135
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