Independence Soccer Club
Nonprofit profile at a glance
- EIN
- 710964101
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2021
- Location
- Independence, KY, USA
- Phone
- 8593639604
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Services
Reported finances
- Revenue
- $207,797
- Expenses
- $243,496
- Assets
- $202,416
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- JOSEPH SHUFF (PRESIDENT)
- BILL WEHAGE (VICE PRESIDENT)
People named in this filing
- JOSEPH SHUFF (PRESIDENT)
- BILL WEHAGE (VICE PRESIDENT)
- AMANDA SQUIBB (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of isc is to promote the growth of and appreciation for the game of soccer by providing opportunities for the youth of northern Kentucky to learn the laws of the game and participate in organized programs of soccer; to organize and promote youth soccer organizations, clubs leagues, and associations for youth up to and including those 18 years of age; and to encourage good sportsmanship and fair play of all participants therein. It is the vision of isc to provide the best atmosphere for an enjoyable and affordable soccer experience for everyone, whether participating in our recreational or competitive program. Isc advocates continued development and good sportsmanship for coaches, players, parents and officials. Isc will always uphold the best interest of all of its families, players, coaches and officials and place it first above everything else. Isc will provide all members with the opportunity to participate in, develop and enjoy the game of soccer. In short, our goal is
What it reported doing in 2024
Isc provides youth recreational and competitive soccer programs to nearly 1000 children in the northern Kentucky region. The recreational teams are provided with 1 practice per week and 8 games per season. The competitive teams are provided with 2 practices per week and 8 or more games per season, as well as opportunities for optional tournament play.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 97.2%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -17.2%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 0.83; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 6.7% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 9.2% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 21.6% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 97.2% of spending went to programs
- Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $237K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 16/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.