Wilmington Adult Soccer Club Inc
Nonprofit profile at a glance
- EIN
- 352441147
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990-EZ 2024
- Location
- Wilmington, NC, USA
- Phone
- 9109623816
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Services
Reported finances
- Revenue
- $152,168
- Expenses
- $161,901
- Assets
- $83,440
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
People named in this filing
- Taci Canel (Director)
- Cem Canel (Treasurer and Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wilmington Adult Soccer Club (WASC) is a private organization formed to administer the operation of an adult participation soccer league in the greater Wilmington, NC area. The mission of the WASC is to promote and provide the sport of soccer, as an amateur sport by providing the opportunity for adults to participate in an organized League and State sanctioned matches in a fun and competitive environment, and to promote safe and fair play on and off the field.
What it reported doing in 2024
The promotion and provision of opportunity for adults to participate in the sport of amateur soccer through organized leagues and state sanctioned matches in a fun and competitive environment.
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 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 82
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.2%; rating input score 83
- Program expense ratio: 78.2%; rating input score 78
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -6.4%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 0.52; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 20.4%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: 31.1% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 0.9% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 8.5% per year; rating input score 100; 56th percentile among comparable filings
Details
- Where the money goes: 83.2% of revenue deployed · 78.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $127K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 1 filed schedules
- Filing history: 12 filing years from 2013 to 2024
- 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.
- High — Sustainability: Operating margin scored 20/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- High — Sustainability: Officer compensation ratio scored 16/100.