Carolina Rapids Soccer Club (EIN 611556757) - 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

1991

Legal Domicile

Principal Officer

Eric David

Phone

7048949995

Tax Period

2018-06-01 to 2019-05-31

Carolina Rapids Soccer Club, founded in 1991, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2018. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

Form 990 - Organization's MissionTo provide members of our community the opportunity to participate in, support and enjoy the sport of soccer through an offering of quality programs that refect our core values, teach life lessons and are open to all ages and abilities.

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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 (2018)

Revenue Breakdown

Contributions & Grants $144,890

Program Service Revenue $3,798,279

Investment Income $85

Other Revenue $-156,660

TOTAL REVENUE $3,786,594

Expense Breakdown

Grants Paid $93,369

Salaries & Benefits $1,210,096

Fundraising Expenses $0

Program Expenses $3,834,677

Other Expenses $2,619,663

TOTAL EXPENSES $3,923,128

Year-over-Year Comparison

	2018	2017	Change
Revenue	$3,786,594	$2,952,774	+0.3%
Expenses	$3,923,128	$2,893,760	+0.4%
Net Income	$-136,534	$59,014	-3.3%

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

250

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

$142,237

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George Bell	Director	3.00	Director	$0	$0	$0
Jeremy Speicher	Director	3.00	Director	$0	$0	$0
Rachelle Pacholski	Secretary	3.00	Director	$0	$0	$0
Joe Garcia	Director	3.00	Director	$0	$0	$0
Patrick Condon	Director	3.00	Director	$0	$0	$0
Bobby von Bremen	Director	3.00	Officer	$0	$0	$0
Eric David	Treasurer	3.00	Officer	$0	$0	$0
Skip Notte	Vice President	3.00	Officer	$0	$0	$0
Todd Sansbury	President	3.00	Officer	$0	$0	$0
Thomas Finlay	Executive Director	50.00	Key Emp	$142,237	$0	$142,237

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
2019	$3,786,594	$3,923,128	$2,127,311	$-136,534
2019	$2,793,044	$2,157,778	No data	$635,266
2018	$2,952,774	$2,893,760	$2,875,421	$59,014
2017	$2,497,379	$2,454,867	$2,055,554	$42,512

Carolina Rapids Soccer Club