Issaquah Soccer Club

Nonprofit profile at a glance

EIN
911172224
IRS 990 coverage
2010–2022
Forms available
Form 990 2022
Location
Issaquah, WA, USA
Phone
4253404581
Rating
91
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$2,761,855
Expenses
$3,128,832
Assets
$604,768
Liabilities
$518,423

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • ADAM COLLINS (PRESIDENT & EXECUTIVE DIRECTOR)
  • RORY O'CONNOR (EXECUTIVE DIRECTOR)
  • SEAN MULLEN (PRESIDENT)
  • FLORA WILSON (VICE PRESIDENT)

Highest reported compensation

  • EDWARD HENDERSON (TECHNICAL DIRECTOR): $109,593 total reported compensation
  • ADAM COLLINS (PRESIDENT & EXECUTIVE DIRECTOR): $83,908 total reported compensation
  • RORY O'CONNOR (EXECUTIVE DIRECTOR): $51,429 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Organized as a nonprofit educational organization to promote, teach and administer the sport of soccer. To sponsor, develop and encourage an orderly program of physical fitness, skill and sportsmanship among the youth and general public in the greater Issaquah area, including but not limited to: player training, coaching, coaching training, team formation, and competition.

What it reported doing in 2022

The Issaquah Soccer Club (ISC), located in the foothills of the Cascade Mountains, was founded in 1980 and is one of the largest youth soccer clubs in the Pacific Northwest. The club is dedicated to teaching our youth the remarkable game of soccer while promoting sportsmanship, discipline and teamwork. Today, ISC is home to over 300 youth soccer teams and helps more than 3000 children each year to learn, compete and grow as athletes and valuable members of the community. We believe that every player should have the opportunity to play soccer at any level and ability. ISC is a full-service Club offering programs that introduce players to the game at a very young age (U5) as well as providing development programs for players competing at the highest levels. The Club also has the women's U-23 team that plays in the Women's Premier Soccer League (WPSL).

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 97% 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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Accountability: 90
  • Sustainability: 12
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88.9%; rating input score 89
  • Fundraising efficiency: $73.41 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: -13.3%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.19; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 0.86; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 7.8%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: 4.6% per year; rating input score 100; 43rd percentile among comparable filings
  • Revenue growth: 6.5% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 6.2% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88.9% of spending went to programs
  • Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.8M in reported program spending
  • Leadership: top reported pay $110K · 15 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 13 filing years from 2010 to 2022
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 11/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.