FORT WORTH ADULT SOCCER ASSOCIATION

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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

1989

Legal Domicile

Principal Officer

DOUG CONDIE

Phone

8173460150

Tax Period

2023-09-01 to 2024-08-31

FORT WORTH ADULT SOCCER ASSOCIATION, founded in 1989, is a small nonprofit in the Recreation & Sports sector that reported $250K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $234K left a modest 6% surplus.

Mission

TO PROMOTE, FOSTER, AND ADVANCE THE CAUSE OF SOCCER FOR YOUTHS AND ADULTS WITHIN ITS TERRITORY. THE MISSION OF FWASA IS TO EDUCATE, PROVIDE ADMINISTRATIVE SERVICE, PROMOTE AND STIMULATE INTEREST IN THE GAME OF SOCCER.

Program Service Accomplishments

Program 1

Expenses: $163,082 Revenue: $245,330

TO PROVIDE CONTINUING SOCCER PROGRAMS TO THE FORT WORTH AREA FOR ADULTS. THE PURPOSE IS TO PLAN SOCCER ACTIVITIES DURING THE YEAR.

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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 $245,330

Investment Income $4,565

Other Revenue $20

TOTAL REVENUE $249,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,835

Fundraising Expenses $0

Program Expenses $163,082

Other Expenses $230,865

TOTAL EXPENSES $233,700

Year-over-Year Comparison

	2023	2022	Change
Revenue	$249,915	$229,820	+0.1%
Expenses	$233,700	$229,269	+0.0%
Net Income	$16,215	$551	+28.4%

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

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
JEREMY MORRISON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELENA SNYDER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUG CONDIE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BRENT SADLER	REGISTRAR	1.00	Director	$0	$0	$0
CHIDI ANYALECHI	COMMISSIONER	1.00	Director	$0	$0	$0
DALTON GOODIER	COMMISSIONER	1.00	Director	$0	$0	$0
KORI SIMELARO	COMMISSIONER	1.00	Director	$0	$0	$0
SANDRA LAVINE	COMMISSIONER	1.00	Director	$0	$0	$0
STEPHEN GREENE	COMMISSIONER	1.00	Director	$0	$0	$0
ADAM FAIROOZ	PLAYER DEVELOPMENT	1.00	Director	$0	$0	$0
DAVID LEWIS	TECHNOLOGY COORDINATOR	1.00	Director	$0	$0	$0
JON KINNEY	COMMISSIONER	1.00	Director	$0	$0	$0
TERRI STURGEON	COMMISSIONER	1.00	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	$249,915	$233,700	$327,579	$16,215