SOCCER FOUNDATION OF CHARLOTTE (EIN 863222459) - Form 990 Financial Analysis & Trantor Score

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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

2021

Legal Domicile

Principal Officer

JEREMY SORZANO

Phone

7176168587

Tax Period

2023-07-01 to 2024-06-30

SOCCER FOUNDATION OF CHARLOTTE, founded in 2021, is a micro nonprofit in the Recreation & Sports sector that reported $34K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $94K exceeded revenue, resulting in a 173% operating deficit.

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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 $34,118

Program Service Revenue $0

Investment Income $204

Other Revenue $0

TOTAL REVENUE $34,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,784

Fundraising Expenses $0

Program Expenses $89,188

Other Expenses $65,772

TOTAL EXPENSES $93,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,322	$358,079	-0.9%
Expenses	$93,556	$293,892	-0.7%
Net Income	$-59,234	$64,187	-1.9%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAIME CARDENAS	BOARD MEMBER	0.00	Director	$0	$0	$0
ANDREW ODZE	BOARD MEMBER	0.00	Director	$0	$0	$0
JEREMY SORZANO	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
NICOLE SPENCER	BOARD MEMBER	0.00	Director	$0	$0	$0
DUSTIN SWINEHART	BOARD MEMBER	0.00	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
2025	No data	No data	No data	No data
2024	$34,322	$93,556	$188,210	$-59,234
2023	$358,079	$293,892	$247,444	$64,187
2022	$319,465	$210,606	$183,507	$108,859

SOCCER FOUNDATION OF CHARLOTTE