FT WORTH FC

EIN: 752840606 501(c)(3)

FORT WORTH, TX

Total Revenue
$27,716
Total Expenses
$98,142
Total Assets
N/A
Net Assets
N/A
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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
1997
Legal Domicile
TX
Principal Officer
JAMES COOK
Phone
8172756955
Tax Period
2021-07-01 to 2022-06-30

FT WORTH FC, founded in 1997, is a micro nonprofit that reported $28K in total revenue in fiscal year 2021. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $98K exceeded revenue, resulting in a 254% operating deficit.

Mission

TO PROVIDE SOCCER TRAINING FOR CHILDREN AGES 8-18 & PROVIDE OPPORTUNITIES FOR COMPETITIVE PLAYING.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $2,500
Program Service Revenue $25,214
Investment Income $2
Other Revenue $0
TOTAL REVENUE $27,716

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,134
Fundraising Expenses $0
Program Expenses $41,605
Other Expenses $53,008
TOTAL EXPENSES $98,142

Year-over-Year Comparison

2021 2020 Change
Revenue $27,716 $431,322 -0.9%
Expenses $98,142 $407,369 -0.8%
Net Income $-70,426 $23,953 -3.9%
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

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Governance

Voting Members
2
Independent Members
2
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
2
$45,134
Total Directors
2
$45,134
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM HARRIS PRESIDENT/EXEC DIRECTOR 10.00
Officer Director
$7,500 $0 $7,500
JAMES COOK VICE PRES/TREASURER 15.00
Officer Director
$37,634 $0 $37,634
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
2022 $27,716 $98,142 No data $-70,426
2021 $431,322 $407,369 $70,426 $23,953
2020 $270,036 $272,464 $46,473 $-2,428
2019 $309,137 $293,563 $48,903 $15,574
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