Wheat Ridge Avalanche Soccer Club Inc

Nonprofit profile at a glance

EIN
823791580
IRS 990 coverage
2018–2022
Forms available
Form 990 2022, Form 990-EZ 2020
Location
Wheat Ridge, CO, USA
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Services

Official website

Reported finances

Revenue
$277,681
Expenses
$262,352
Assets
$213,230
Liabilities
$134,575

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

Leadership & pay

10 people listed

Executive titles in this filing

  • CORA RICE (PRESIDENT)

Highest reported compensation

  • TERESA LANGE (EXECUTIVE DI): $35,000 total reported compensation
  • TOM CHAMBERLIN (DIRECTOR): $4,545 total reported compensation

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

Overview

Mission

To provide advanced and recreational soccer among area youth, and to provide soccer opportunities at all levels of ability necessary to promote the growth and development of area youth by fostering sportsmanship, quality athletic development, character and fun.

What it reported doing in 2022

The wheat ridge avalanche soccer club is dedicated to providing the highest level of soccer education, development, and participation within a community framework and structured atmosphere. We are an independent, nonprofit soccer club with teams composed of boys and girls ranging in age from 10 to 19 years old. Within our club, we offer competitive or advanced teams (u11+), intermediate (u9 and u10), and recreational teams. While keeping soccer fun, our instruction is committed to the values and attributes which transcend the world's beautiful game.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 95% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 93
  • Accountability: 68
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.8%; rating input score 79
  • Program expense ratio: 83.4%; rating input score 83
  • Fundraising efficiency: Limited

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; 81st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 24th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 5.5%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 0.81; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 0.63; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 15.1%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: 3.7% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: 7.9% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 11.1% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 78.8% of revenue deployed · 83.4% of spending went to programs
  • Governance: 8 of 9 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $219K in reported program spending
  • Leadership: top reported pay $35K · 10 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 4 filing years from 2018 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Review — Sustainability: Operating margin scored 53/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • High — Sustainability: Officer compensation ratio scored 25/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.