GEORGIA SOCCER DEVELOPMENT FOUNDATION

EIN: 582277743 501(c)(3) Recreation & Sports

ATLANTA, GA

Total Revenue
$242,400
Total Expenses
$382,485
Total Assets
$5,212,534
Net Assets
$5,211,534
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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
1996
Legal Domicile
GA
Principal Officer
LARRY LORD
Phone
4043720990
Tax Period
2023-01-01 to 2023-12-31

GEORGIA SOCCER DEVELOPMENT FOUNDATION, founded in 1996, is a small nonprofit in the Recreation & Sports sector that reported $242K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $382K exceeded revenue, resulting in a 58% operating deficit.

Mission

THE GEORGIA SOCCER DEVELOPMENT FOUNDATION'S MISSION IS TO PROMOTE HEALTHY HABITS BY FACILITATING A VARIETY OF SPORTS PROGRAMS FOR THE LOCAL COMMUNITY, PROVIDE A FAMILY-FRIENDLY AND SAFE LOCATION FOR SPORTS PROGRAMS, CONTRIBUTE TO THE PERSONAL DEVELOPMENT OF YOUTH AND ADULTS IN THE LOCAL COMMUNITY THROUGH THE EXPERIENCES AND LEASSONS LEARNED THROUGH SPORTS, CREATE OPPORTUNITY AND SUPPORT FOR LOCAL PROGRAMS BY DONATING FIELD AND CLASSROOM SPACE FOR THEIR USE, GENERATE A POSITIVE ECONOMIC IMPACT IN THE COMMUNITY BY PROVIDING JOBS WHEN EVENTS ARE HOSTED AT GSP, AND SERVE AS A MODEL FOR OTHER SPORTS PARKS WANTING TO OPERATE AND MAINTAIN HIGH QUALITY SPORTS FIELDS IN A SUSTAINABLE FASHION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $143,000
Investment Income $0
Other Revenue $99,400
TOTAL REVENUE $242,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $350,155
Other Expenses $382,485
TOTAL EXPENSES $382,485

Year-over-Year Comparison

2023 2022 Change
Revenue $242,400 $196,020 +0.2%
Expenses $382,485 $416,035 -0.1%
Net Income $-140,085 $-220,015 -0.4%
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

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
10

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
3
$0
Total Directors
8
$103,980
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY LORD CHAIR 1.00
Officer Director
$0 $0 $0
STEVE GAULTNEY VICE CHAIR 1.00
Officer Director
$0 $0 $0
ADAM FULLER SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
WILL HAZLETON BOARD MEMBER 1.00
Director
$0 $0 $0
BORIS JERKUNICA BOARD MEMBER 1.00
Director
$0 $0 $0
JODY YOUNG BOARD MEMBER 1.00
Director
$0 $0 $0
H JOHN ELLIOT BOARD MEMBER 1.00
Director
$0 $0 $0
GREGG BLASINGAME BOARD MEMBER/GSP GM 2.00
Director
$0 $4,980 $103,980
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
2023 $242,400 $382,485 $5,212,534 $-140,085
2022 $196,020 $416,035 $5,359,454 $-220,015
2021 $1,123,660 $491,439 $5,580,324 $632,221
2020 $339,257 $294,017 $5,766,415 $45,240
2019 $1,052,406 $316,271 $5,405,242 $736,135
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