INDEPENDENCE SOCCER CLUB

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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

1984

Legal Domicile

Principal Officer

JOSEPH SHUFF

Phone

8593639604

Tax Period

2024-07-01 to 2025-04-30

INDEPENDENCE SOCCER CLUB, founded in 1984, is a small nonprofit in the Recreation & Sports sector that reported $208K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $243K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE MISSION OF ISC IS TO PROMOTE THE GROWTH OF AND APPRECIATION FOR THE GAME OF SOCCER BY PROVIDING OPPORTUNITIES FOR THE YOUTH OF NORTHERN KENTUCKY TO LEARN THE LAWS OF THE GAME AND PARTICIPATE IN ORGANIZED PROGRAMS OF SOCCER; TO ORGANIZE AND PROMOTE YOUTH SOCCER ORGANIZATIONS, CLUBS LEAGUES, AND ASSOCIATIONS FOR YOUTH UP TO AND INCLUDING THOSE 18 YEARS OF AGE; AND TO ENCOURAGE GOOD SPORTSMANSHIP AND FAIR PLAY OF ALL PARTICIPANTS THEREIN. IT IS THE VISION OF ISC TO PROVIDE THE BEST ATMOSPHERE FOR AN ENJOYABLE AND AFFORDABLE SOCCER EXPERIENCE FOR EVERYONE, WHETHER PARTICIPATING IN OUR RECREATIONAL OR COMPETITIVE PROGRAM. ISC ADVOCATES CONTINUED DEVELOPMENT AND GOOD SPORTSMANSHIP FOR COACHES, PLAYERS, PARENTS AND OFFICIALS. ISC WILL ALWAYS UPHOLD THE BEST INTEREST OF ALL OF ITS FAMILIES, PLAYERS, COACHES AND OFFICIALS AND PLACE IT FIRST ABOVE EVERYTHING ELSE. ISC WILL PROVIDE ALL MEMBERS WITH THE OPPORTUNITY TO PARTICIPATE IN, DEVELOP AND ENJOY THE GAME OF SOCCER. IN SHORT, OUR GOAL IS

Program Service Accomplishments

Program 1

Expenses: $72,469 Revenue: $56,885

ISC PROVIDES YOUTH RECREATIONAL AND COMPETITIVE SOCCER PROGRAMS TO NEARLY 1000 CHILDREN IN THE NORTHERN KENTUCKY REGION. THE RECREATIONAL TEAMS ARE PROVIDED WITH 1 PRACTICE PER WEEK AND 8 GAMES PER SEASON. THE COMPETITIVE TEAMS ARE PROVIDED WITH 2 PRACTICES PER WEEK AND 8 OR MORE GAMES PER SEASON, AS WELL AS OPPORTUNITIES FOR OPTIONAL TOURNAMENT PLAY.

Program 2

Expenses: $156,491 Revenue: $122,839

ISC HAS ADDED A 5V5 TOURNAMENT EACH SUMMER IN WHICH ALL TEAMS CAN REGISTER TO COMPETE IN. BEGINNING IN 2025 THE SELECT SOCCER SIDE WILL HAVE TWO LEVELS, ISC UNITED AND ISC. THE UNITED TEAMS ARE THE FOUNDATION FOR THE TEAMS THAT WILL HAVE THE OPPORTUNITY TO COMPETE IN THE NPL SOCCER LEAGUE.

Program 3

Expenses: $7,740 Revenue: $22,755

5V5 TOURNAMENT:ISC INTRODUCED THE 5V5 COLOR EXPLOSION TOURNAMENT IN 2023. IT'S A ONE DAY, SMALL SIDED GAME TOURNAMENT. WE STRIVE TO MAKE THIS A FUN DAY OF SOCCER FOR THE ENTIRE FAMILY, WITH FOOD...

5V5 TOURNAMENT:ISC INTRODUCED THE 5V5 COLOR EXPLOSION TOURNAMENT IN 2023. IT'S A ONE DAY, SMALL SIDED GAME TOURNAMENT. WE STRIVE TO MAKE THIS A FUN DAY OF SOCCER FOR THE ENTIRE FAMILY, WITH FOOD TRUCKS, OUR FREE FAMILY FUN ZONE, AND OUR COLOR EXPLOSION CELEBRATIONS.

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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 $2,396

Program Service Revenue $202,479

Investment Income $2,922

Other Revenue $0

TOTAL REVENUE $207,797

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $236,700

Other Expenses $243,496

TOTAL EXPENSES $243,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$207,797	$314,709	-0.3%
Expenses	$243,496	$253,693	0.0%
Net Income	$-35,699	$61,016	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH SHUFF	PRESIDENT	3.00	Officer Director	$0	$0	$0
BILL WEHAGE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
AMANDA SQUIBB	SECRETARY	2.00	Officer Director	$0	$0	$0
AIMEE ALLEN	TREASURER	5.00	Officer Director	$0	$0	$0
NATE HENDERSON	DIRECTOR OF COACHING	3.00	Director	$0	$0	$0
DAVID SQUIBB	FIELD MANAGER	5.00	Director	$0	$0	$0
AMY MASTELLER	REGISTRAR	5.00	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	$207,797	$243,496	$202,416	$-35,699
2024	$314,709	$253,693	$238,115	$61,016
2023	$249,700	$205,530	$177,099	$44,170