TIDEWATER ADVANCED SOCCER LEAGUE I… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

Michelle Fernander

Phone

7576103291

Tax Period

2023-01-01 to 2023-12-31

TIDEWATER ADVANCED SOCCER LEAGUE INC, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $233K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $267K exceeded revenue, resulting in a 14% operating deficit.

Mission

TASL is an umbrella organization that bridges the gap between pure recreational players and competitive/travel youth soccer players in the Hampton Roads region of Virginia and Northeastern North Carolina.

Program Service Accomplishments

Program 1

Expenses: $252,731 Revenue: $230,825

TASL coordinated match play for advanced soccer teams in the Hampton Roads region of Virginia and northeastern North Carolina. Teams from U9/U10 to U17/U19 played during the spring and fall seasons...

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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 $0

Program Service Revenue $230,825

Investment Income $2,167

Other Revenue $0

TOTAL REVENUE $232,992

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $14,100

Fundraising Expenses $0

Program Expenses $252,731

Other Expenses $251,674

TOTAL EXPENSES $266,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$232,992	$202,830	+0.1%
Expenses	$266,774	$215,359	+0.2%
Net Income	$-33,782	$-12,529	+1.7%

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

$14,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Teresa Phillips	Administrator	13	Officer	$14,100	$0	$14,100
Michelle Fernander	President	10	Officer	$0	$0	$0
Jason Niehoff	Vice President	5	Officer	$0	$0	$0
Tammy Renshaw	Secretary	5	Officer	$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	$232,992	$266,774	$182,383	$-33,782
2022	$202,830	$215,359	$207,431	$-12,529
2021	$212,455	$182,411	$220,941	$30,044

TIDEWATER ADVANCED SOCCER LEAGUE INC