FC CHARLES 1658

EIN: 844912144 501(c)(3) Recreation & Sports

LA PLATA, MD

Total Revenue
$242,473
Total Expenses
$284,650
Total Assets
$72,176
Net Assets
$72,048
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MD
Principal Officer
TODD TAYLOR
Phone
2407766151
Tax Period
2023-01-01 to 2023-12-31

FC CHARLES 1658, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $242K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $285K exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDE ATHLETIC, FITNESS INSTRUCTION AND EDUCATION FOCUSING ON SOCCER; PROVIDE A YOUTH SOCCER LEAGUE AND PROGRAMS TO RESIDENTS IN AND AROUND CHARLES COUNTY, MARYLAND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $242,473
Investment Income $0
Other Revenue $0
TOTAL REVENUE $242,473

Expense Breakdown

Grants Paid $0
Salaries & Benefits $34,496
Fundraising Expenses $0
Program Expenses $276,297
Other Expenses $250,154
TOTAL EXPENSES $284,650

Year-over-Year Comparison

2023 2022 Change
Revenue $242,473 $209,394 +0.2%
Expenses $284,650 $249,961 +0.1%
Net Income $-42,177 $-40,567 +0.0%
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
5
Independent Members
5
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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD TAYLOR PRESIDENT 1.00
Officer Director
$0 $0 $0
WILLIAM SMITH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SHAWN BINGHAM VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
NICK POROVNE TREASURER 1.00
Officer Director
$0 $0 $0
KEVIN BARRY SECRETARY 1.00
Officer 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 $242,473 $284,650 $72,176 $-42,177
2022 $209,394 $249,961 $114,225 $-40,567
2021 $484,178 $329,386 $156,840 $154,792
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