SALOC

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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

1993

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

SALOC, founded in 1993, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 22% operating deficit.

Mission

PROMOTE YOUTH INTEREST IN COMPETITIVE SPORTS AND PROVIDE OPPOORTUNITIES FOR ATHLETIC COMPETITION

Program Service Accomplishments

Program 1

Expenses: $1,316,106

IN 2024, SALOC CONTINUED PLANNING AND PREPARATIONS FOR THE 2025 NCAA MENS FINAL FOUR COMPETITION

Program 2

Expenses: $55,157 Revenue: $83,564

In 2024, SALOC helped hose the 2024 TYR Pro Swim Series hosted by USA Swimming

Program 3

Expenses: $4,717 Revenue: $3

In 2024, SALOC began planning for the 2026 NCAA Volleyball Championships

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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 $1,220,000

Program Service Revenue $83,564

Investment Income $80,188

Other Revenue $119,533

TOTAL REVENUE $1,503,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,428

Fundraising Expenses $0

Program Expenses $1,375,980

Other Expenses $1,809,929

TOTAL EXPENSES $1,828,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,503,285	$2,047,081	-0.3%
Expenses	$1,828,357	$1,848,005	0.0%
Net Income	$-325,072	$199,076	-2.6%

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
Elena Wells	Contractor	0.00	Highest	$175,000	$0	$175,000
JAMES W CALLAWAY	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID R SCHMIDT	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAT FROST	CHAIRMAN	1.00	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
2024	$1,503,285	$1,828,357	$1,815,777	$-325,072
2023	$2,047,081	$1,848,005	$2,299,276	$199,076
2022	$1,397,569	$1,954,537	$1,085,592	$-556,968
2021	$2,786,053	$2,270,607	$1,644,193	$515,446
2020	$305,382	$176,915	$1,141,603	$128,467
2018	$1,350,537	$11,676,235	$835,205	$-10,325,698