Texas Lightning Youth Soccer Club Inc

Nonprofit profile at a glance

EIN
752512294
IRS 990 coverage
2011–2022
Forms available
Form 990 2022, Form 990-EZ 2019
Location
Arlington, TX, USA
Phone
9722999028
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Services

Reported finances

Revenue
$184,885
Expenses
$175,955
Assets
$79,617
Liabilities
$303,363

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

Leadership & pay

3 people listed

Executive titles in this filing

  • Vic Brown (President)

Highest reported compensation

  • Kathy Brown (Treasurer/Secretary): $10,000 total reported compensation

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

Overview

Mission

Develope and Promote Youth Soccer Skills

What it reported doing in 2022

Sponsor fundraising activities through such venues as Globe Life Park in Arlington, TX. These activities provide the opportunity for family members to raise funds to help offset the cost of membership to Texas Lightning SC, LLC. These membership payments are included in taxable income for Texas Lightning SC, LLC, a for-profit LLC chartered in the State of Texas. Paid workers required to manage concession booths and coordinate volunteers are paid from a portion of the proceeds. These payments are reported on 1099-NEC by this organization at the end of each calendar year.

Operating model

Revenue model
Earned-program. 90% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 88% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 91
  • Accountability: 50
  • Sustainability: 35
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.6%; rating input score 91
  • Program expense ratio: 95.2%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th 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: 33.3%; rating input score 33; 15th 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: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 4.8%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 0.45; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 3.81; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 5.7%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: -18.5% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -15.7% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -13.5% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 90.6% of revenue deployed · 95.2% of spending went to programs
  • Governance: 1 of 3 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $167K in reported program spending
  • Leadership: top reported pay $10K · 3 people listed
  • Consistency: 14 of 15 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 10 filing years from 2011 to 2022
  • Contacts: How to reach this organization
  • Money network: 2 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.

Key Signals

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

  • Moderate — Accountability: Independent voting board scored 33/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • Review — Sustainability: Operating margin scored 52/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.