FC SARASOTA INC

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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

1987

Legal Domicile

Principal Officer

JASON CLEVENGER

Phone

9419257679

Tax Period

2023-07-01 to 2024-06-30

FC SARASOTA INC, founded in 1987, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2023.

Mission

PROMOTE YOUTH SOCCER THROUGH RECREATIONAL AND COMPETITIVE TEAMS. ALSO HOST TOURNAMENTS AND ENCOURAGE YOUTH TO PARTICIPATE IN STATEWIDE TOURNAMENTS

Program Service Accomplishments

Program 1

Expenses: $1,106,855

YOUTH SOCCER GAMES AND TOURNAMENTS

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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 $43,233

Program Service Revenue $915,999

Investment Income $0

Other Revenue $153,181

TOTAL REVENUE $1,112,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $652,182

Fundraising Expenses $0

Program Expenses $1,117,597

Other Expenses $501,688

TOTAL EXPENSES $1,153,870

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,112,413	$1,076,842	+0.0%
Expenses	$1,153,870	$978,466	+0.2%
Net Income	$-41,457	$98,376	-1.4%

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

Governance

Voting Members

Independent Members

Employees

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

$75,000

Total Directors

$139,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE LESSIG	PROGRAM DIRE	40.00	Officer Director	$75,000	$0	$75,000
TRAVERS EVANS	DIRECTOR	20.00	Director	$34,000	$0	$34,000
STEPHEN GENT	DIRECTOR	20.00	Director	$30,000	$0	$30,000
JASON CLEVENGER	PRESIDENT	N/A	Officer Director	$0	$0	$0
JIM MCQUEENEY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
PAUL OLAH	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW OSTERHOUDT	SECRETARY	N/A	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
2025	No data	No data	No data	No data
2024	$1,112,413	$1,153,870	$828,433	$-41,457
2023	$1,076,842	$978,466	$690,795	$98,376
2022	$844,366	$815,322	$660,236	$29,044
2021	$817,762	$782,528	$585,286	$35,234
2020	$619,711	$718,620	$518,389	$-98,909
2019	$655,849	$568,747	$632,562	$87,102