USVI SOCCER FEDERATION (EIN 660645724) - 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

1987

Legal Domicile

Principal Officer

YOHANNES WOREDE

Phone

3407199707

Tax Period

2024-01-01 to 2024-12-31

USVI SOCCER FEDERATION, founded in 1987, is a community nonprofit in the Recreation & Sports sector that reported $2.3M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO MAKE SOCCER A PERMANENT SPORT IN THE U.S. VIRGIN ISLANDS BY THE CONTINUOUS DEVELOPMENT OF THE SPORT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,311,379

Program Service Revenue $0

Investment Income $0

Other Revenue $21,726

TOTAL REVENUE $2,333,105

Expense Breakdown

Grants Paid $73,682

Salaries & Benefits $391,162

Fundraising Expenses $0

Program Expenses $2,363,904

Other Expenses $2,120,708

TOTAL EXPENSES $2,585,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,333,105	$3,104,824	-0.2%
Expenses	$2,585,552	$2,935,792	-0.1%
Net Income	$-252,447	$169,032	-2.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BORNN	COUNCIL MEMB	N/A	Director	$0	$0	$0
IZLER BROWNE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BOWCHI CELAIRE	COUNCIL MEMB	N/A	Director	$0	$0	$0
JOHN P DE JONGH	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CORAL MEGAHY	COUNCIL MEMB	N/A	Director	$0	$0	$0
KEVIN SHEPPARD	COUNCIL MEMB	N/A	Director	$0	$0	$0
YOHANNES WOREDE	PRESIDENT	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
2024	$2,333,105	$2,585,552	$3,725,668	$-252,447
2023	$3,104,824	$2,935,792	$4,001,131	$169,032
2022	$1,818,406	$2,528,981	$3,890,097	$-710,575
2021	$2,259,905	$2,217,658	$4,443,277	$42,247
2020	$2,790,766	$1,324,963	$4,459,536	$1,465,803
2019	$2,860,986	$2,212,276	$3,135,720	$648,710
2018	$2,354,492	$1,308,445	$2,534,313	$1,046,047

USVI SOCCER FEDERATION