CAROLINA VELOCITY FUTBOL CLUB INC

EIN: 812169463 501(c)(3) Recreation & Sports

BROOKLYN, NY

Total Revenue
$749,517
Total Expenses
$816,618
Total Assets
$440,264
Net Assets
$441,369
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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
2016
Legal Domicile
NC
Principal Officer
CHARLES LAGAYETTE
Phone
5164592026
Tax Period
2025-01-01 to 2025-06-30

CAROLINA VELOCITY FUTBOL CLUB INC, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $750K in total revenue in fiscal year 2025. Revenue fell 67% from the prior year — a significant decline worth monitoring.

Mission

AMATEUR SOCCER CLUB

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $749,517
Investment Income $0
Other Revenue $0
TOTAL REVENUE $749,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $348,305
Fundraising Expenses $0
Program Expenses $816,618
Other Expenses $468,313
TOTAL EXPENSES $816,618

Year-over-Year Comparison

2025 2024 Change
Revenue $749,517 $2,263,234 -0.7%
Expenses $816,618 $1,998,144 -0.6%
Net Income $-67,101 $265,090 -1.3%
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
3
Independent Members
3
Employees
31
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES LAGAYETTE DIRECTOR 5.00
Officer
$0 $0 $0
JEAN-DAMIEN LADEUIL BOARD MEMBER 5.00
Officer
$0 $0 $0
SIMON BARROW PRESIDENT 5.00
Officer
$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 $749,517 $816,618 $440,264 $-67,101
2024 No data No data No data No data
2023 $1,472,253 $1,448,821 $395,401 $23,432
2022 $1,158,240 $1,140,616 $373,243 $17,624
2021 $1,113,691 $884,019 $361,292 $229,672
2020 $436,506 $423,126 $164,553 $13,380
2019 $276,682 $274,188 $27,930 $2,494
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