Texas Lightning Youth Soccer Club Inc

EIN: 752512294 501(c)(3) Recreation & Sports

Arlington, TX

Total Revenue
$184,885
Total Expenses
$175,955
Total Assets
$79,617
Net Assets
$-223,746
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
TX
Principal Officer
Vic Brown
Phone
9722999028
Tax Period
2022-07-01 to 2023-06-30

Texas Lightning Youth Soccer Club Inc, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $185K in total revenue in fiscal year 2022. Expenses of $176K left a modest 5% surplus.

Mission

Develope and Promote Youth Soccer Skills

Program Service Accomplishments

Program 1
Expenses: $167,484 Revenue: $165,933

Host soccer tournaments in which soccer teams from around the country, including Texas Lightning teams, participate. More than 250 teams were in attendance in 2021/22 which equates to approximately...

Read more

Host soccer tournaments in which soccer teams from around the country, including Texas Lightning teams, participate. More than 250 teams were in attendance in 2021/22 which equates to approximately 3500 players participating in these tournaments.

Program 2
Expenses: $0 Revenue: $18,951

Sponsor fundraising activities through such venues as Globe Life Park in Arlington, TX. These activities provide the opportunity for family members to raise funds to help offset the cost of...

Read more

Sponsor fundraising activities through such venues as Globe Life Park in Arlington, TX. These activities provide the opportunity for family members to raise funds to help offset the cost of membership to Texas Lightning SC, LLC. These membership payments are included in taxable income for Texas Lightning SC, LLC, a for-profit LLC chartered in the State of Texas. Paid workers required to manage concession booths and coordinate volunteers are paid from a portion of the proceeds. These payments are reported on 1099-NEC by this organization at the end of each calendar year.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $18,951
Program Service Revenue $165,934
Investment Income $0
Other Revenue $0
TOTAL REVENUE $184,885

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $167,484
Other Expenses $175,955
TOTAL EXPENSES $175,955

Year-over-Year Comparison

2022 2021 Change
Revenue $184,885 $184,325 +0.0%
Expenses $175,955 $206,165 -0.1%
Net Income $8,930 $-21,840 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
12

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
3
$10,000
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Vic Brown President 55.00
Officer Director
$0 $0 $0
Paul McLean VP 5.00
Officer Director
$0 $0 $0
Kathy Brown Treasurer/Secretary 40.00
Officer
$10,000 $0 $10,000
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
2023 $184,885 $175,955 $79,617 $8,930
2022 $184,325 $206,165 $51,780 $-21,840
2021 $241,522 $225,802 $83,465 $15,720
2019 $195,037 $224,840 $50,889 $-29,803
2018 $239,167 $393,937 $44,207 $-154,770
Explore More Nonprofits
Top 100 Nonprofits in Texas Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Texas Lightning Youth Soccer Club Inc with other nonprofits in Texas and across the country.