COLORADO FUSION SOCCER CLUB INC

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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

2006

Legal Domicile

Principal Officer

AARON NAGEL

Phone

3033995858

Tax Period

2023-01-01 to 2023-12-31

COLORADO FUSION SOCCER CLUB INC, founded in 2006, is a mid-sized nonprofit in the Recreation & Sports sector that reported $17.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $16.2M left a modest 8% surplus.

Mission

THE COLORADO FUSION SOCCER CLUB PROVIDES AN ENVIRONMENT WHERE YOUNG SOCCER PLAYERS FROM DIVERSE BACKGROUNDS ARE GUIDED AND INSPIRED TO REACH THEIR FULL POTENTIAL BOTH ON AND OFF THE FIELD.

Program Service Accomplishments

Program 1

Expenses: $12,925,443 Revenue: $15,771,736

THE COLORADO FUSION SOCCER CLUB PROVIDES THE YOUTH OF OUR DIVERSE COMMUNITY WITH THE BENEFITS OF A TEAM SPORT THAT DEVELOPS CHARACTER AND SPORTSMANSHIP, FOSTERS A HEALTHY LIFESTYLE AND ENJOYMENT, AND ENCOURAGES EACH PLAYER TO ACHIEVE HIS OR HER HIGHEST POTENTIAL ON AND OFF THE SOCCER FIELD. COLORADO FUSION SOCCER CLUB IS COMPRISED OF OVER 10,000 RECREATIONAL AND COMPETITIVE PLAYERS RANGING IN AGE FROM 3 TO 18.

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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 $1,051,726

Program Service Revenue $15,771,736

Investment Income $70,953

Other Revenue $762,248

TOTAL REVENUE $17,656,663

Expense Breakdown

Grants Paid $227,152

Salaries & Benefits $6,014,377

Fundraising Expenses $215,807

Program Expenses $12,925,443

Other Expenses $9,953,681

TOTAL EXPENSES $16,195,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,656,663	$14,888,555	+0.2%
Expenses	$16,195,210	$14,974,059	+0.1%
Net Income	$1,461,453	$-85,504	-18.1%

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

131

Volunteers

1800

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

$206,929

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON NAGEL	EXECUTIVE DI	40.00	Officer	$193,194	$13,735	$206,929
DONALD GILLIES	TECHNICAL DI	40.00	Highest	$190,779	$7,709	$198,488
MARCUS OWERKO	TOURNAMENTS	40.00	Highest	$156,709	$16,767	$173,476
PAUL MULVANY	CLUB RELATIO	4.00	Highest	$106,070	$8,420	$114,490
MANUEL RODRIGUEZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT KLAMSER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANDRES PEDRAZA	TREASURER	2.00	Officer Director	$0	$0	$0
SEAN O'HARA	DIRECTOR	2.00	Director	$0	$0	$0
CALEB MEYER	DIRECTOR	2.00	Director	$0	$0	$0
BROOKE PATES	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN TANKERSLEY	DIRECTOR	2.00	Director	$0	$0	$0
WAYNE BRANT	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN REDDEN	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$17,656,663	$16,195,210	$8,138,415	$1,461,453
2022	$14,888,555	$14,974,059	$6,514,958	$-85,504
2021	$13,639,555	$12,264,371	$4,883,648	$1,375,184
2020	$7,257,270	$8,313,781	$3,057,340	$-1,056,511
2019	$10,722,171	$10,538,708	$3,089,088	$183,463
2018	$8,473,828	$8,076,678	$2,635,223	$397,150