Oakwood Soccer Club Inc
Oakwood Soccer Club: Strong Program Spending, but Declining Revenue and Liquidity
EIN: 223029731 · Glastonbury, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $699K |
| Transparency Score | 85/100 |
Is Oakwood Soccer Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Oakwood Soccer Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Oakwood Soccer Club Inc
Oakwood Soccer Club Inc (EIN: 223029731) is a nonprofit organization based in Glastonbury, CT. The organization reported total revenue of $1.5M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oakwood Soccer Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oakwood Soccer Club Inc is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-6,076 |
| Total Assets | $1.3M |
| Total Liabilities | $634K |
| Net Assets | $699K |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 47.5% |
| Months of Reserves | 10.7 months |
Financial Health Grade: B
In 2023, Oakwood Soccer Club Inc reported a deficit of $6K with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 47.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Oakwood Soccer Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.4% | +-0.0% | -13.9% |
| 2022 | +1.5% | +10.4% | +88.6% |
| 2021 | +33.9% | +30.8% | +10.0% |
| 2020 | -26.3% | -33.9% | +61.0% |
| 2019 | -4.8% | -1.6% | +9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Oakwood Soccer Club Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Oakwood Soccer Club Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.5%.
Executive Compensation Analysis
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which is highly unusual for an organization with annual expenses exceeding $1.4 million, suggesting potential underreporting or alternative compensation structures not disclosed.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Oakwood Soccer Club Inc's IRS 990 filings:
- Consistent $0 executive compensation reported across all years, despite significant revenue and expenses, raises questions about how leadership is compensated or if key personnel are volunteers.
- Revenue has declined from $1,557,479 in 2022 to $1,488,753 in 2023.
- Liquidity (current assets less current liabilities) has significantly decreased from $842,419 in 2022 to $634,026 in 2023, indicating a tightening financial position.
Strengths
The following positive indicators were identified for Oakwood Soccer Club Inc:
- A high percentage of expenses are allocated to programs (approximately 85% based on total expenses of $1,494,829 and revenue of $1,488,753 in 2023).
- The organization has consistently maintained over $1 million in revenue for most of the reported years, demonstrating a stable operational scale.
- Total assets have grown significantly over the long term, from $252,535 in 2016 to $1,333,398 in 2023.
Frequently Asked Questions about Oakwood Soccer Club Inc
Is Oakwood Soccer Club Inc a legitimate charity?
Oakwood Soccer Club Inc (EIN: 223029731) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.5M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Oakwood Soccer Club Inc spend its money?
Oakwood Soccer Club Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Oakwood Soccer Club Inc tax-deductible?
Oakwood Soccer Club Inc is registered as a tax-exempt nonprofit (EIN: 223029731). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Oakwood Soccer Club Inc CEO make?
Oakwood Soccer Club Inc's highest-compensated officer earns $0 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Oakwood Soccer Club Inc's spending goes to programs?
Oakwood Soccer Club Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Oakwood Soccer Club Inc located?
Oakwood Soccer Club Inc is headquartered in Glastonbury, Connecticut and files with the IRS under EIN 223029731.
How many years of IRS 990 filings does Oakwood Soccer Club Inc have?
Oakwood Soccer Club Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5M in total revenue.
What does Oakwood Soccer Club Inc do?
Oakwood Soccer Club Inc is a nonprofit organization in the Unknown sector, located in Glastonbury, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Oakwood Soccer Club Inc have?
Oakwood Soccer Club Inc reported total revenue of $1,488,753. Based on 13 IRS 990 filings on record.
What are Oakwood Soccer Club Inc's total assets?
Oakwood Soccer Club Inc holds total assets of $1,333,398 as reported in IRS 990 filings.
Where is Oakwood Soccer Club Inc located?
Oakwood Soccer Club Inc is based in Glastonbury, Connecticut.
What is Oakwood Soccer Club Inc's EIN?
Oakwood Soccer Club Inc's Employer Identification Number (EIN) is 223029731. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Oakwood Soccer Club Inc?
Oakwood Soccer Club Inc is classified under NTEE code Unknown (Unknown).
Is Oakwood Soccer Club Inc a registered 501(c)(3)?
Oakwood Soccer Club Inc appears in IRS records (EIN: 223029731). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Oakwood Soccer Club Inc file IRS Form 990?
Yes, Oakwood Soccer Club Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Oakwood Soccer Club Inc's revenue in 2023?
In the 202312 filing period, Oakwood Soccer Club Inc reported total revenue of $1,488,753, total expenses of $1,494,829, and net assets of $1,333,398.
Is Oakwood Soccer Club Inc's revenue growing or declining?
Oakwood Soccer Club Inc's revenue is relatively stable. Revenue went from $1,557,479 (202212) to $1,488,753 (202312), a -4.4% change. Based on 13 filings on record.
What is Oakwood Soccer Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Oakwood Soccer Club Inc covers tax period 202312. It shows revenue of $1,488,753, expenses of $1,494,829, total assets of $1,333,398, and liabilities of $634,026.
How much does Oakwood Soccer Club Inc spend on programs vs administration?
Based on IRS 990 analysis, Oakwood Soccer Club Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Oakwood Soccer Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Oakwood Soccer Club Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Oakwood Soccer Club Inc?
The following concerns were identified: Consistent $0 executive compensation reported across all years, despite significant revenue and expenses, raises questions about how leadership is compensated or if key personnel are volunteers.. Revenue has declined from $1,557,479 in 2022 to $1,488,753 in 2023.. Liquidity (current assets less current liabilities) has significantly decreased from $842,419 in 2022 to $634,026 in 2023, indicating a tightening financial position.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Oakwood Soccer Club Inc's strengths?
Positive indicators for Oakwood Soccer Club Inc include: A high percentage of expenses are allocated to programs (approximately 85% based on total expenses of $1,494,829 and revenue of $1,488,753 in 2023).. The organization has consistently maintained over $1 million in revenue for most of the reported years, demonstrating a stable operational scale.. Total assets have grown significantly over the long term, from $252,535 in 2016 to $1,333,398 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Oakwood Soccer Club Inc compensate executives?
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which is highly unusual for an organization with annual expenses exceeding $1.4 million, suggesting potential underreporting or alternative compensation structures not disclosed. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does Oakwood Soccer Club Inc. attract and retain qualified leadership to manage an organization with over $1.4 million in annual expenses?
The consistent $0 executive compensation suggests that key leadership may be entirely volunteer-based, compensated through non-monetary benefits, or that compensation is structured in a way that is not reported in the standard executive compensation section of the filings. This warrants further investigation into their operational model and governance.
What factors contributed to the recent decline in revenue from $1,557,479 in 2022 to $1,488,753 in 2023, and how is the organization addressing this trend?
The provided data does not specify the reasons for the revenue decline. Potential factors could include decreased participation, changes in fundraising effectiveness, or economic pressures. Understanding the root cause is crucial for the organization's long-term financial health and sustainability.
Filing History
IRS 990 filing history for Oakwood Soccer Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Oakwood Soccer Club Inc's revenue has grown by 93.2%, moving from $770K to $1.5M. Total assets increased by 185.1% over the same period, from $468K to $1.3M. Total functional expenses rose by 103.3%, from $735K to $1.5M. In its most recent filing year (2023), Oakwood Soccer Club Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $634K in liabilities against $1.3M in assets (debt-to-asset ratio: 47.5%), resulting in net assets of $699K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $1.3M | $634K | — | View 990 |
| 2022 | $1.6M | $1.5M | $1.5M | $842K | — | View 990 |
| 2021 | $1.5M | $1.4M | $821K | $178K | — | View 990 |
| 2020 | $1.1M | $1.0M | $746K | $283K | — | View 990 |
| 2019 | $1.6M | $1.6M | $463K | $111K | — | View 990 |
| 2018 | $1.6M | $1.6M | $424K | $60K | — | View 990 |
| 2017 | $1.4M | $1.2M | $377K | $55K | — | View 990 |
| 2016 | $1.1M | $1.2M | $253K | $136K | — | View 990 |
| 2015 | $1.2M | $1.2M | $399K | $138K | — | View 990 |
| 2014 | $1.0M | $1.2M | $501K | $206K | — | View 990 |
| 2013 | $1.1M | $1.1M | $668K | $244K | — | View 990 |
| 2012 | $981K | $1.0M | $517K | $95K | — | View 990 |
| 2011 | $770K | $735K | $468K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $1.3M (revenue -4.4% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.5M, and assets of $1.5M (revenue +1.5% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.4M, and assets of $821K (revenue +33.9% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.0M, and assets of $746K (revenue -26.3% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.6M, and assets of $463K (revenue -4.8% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.6M, and assets of $424K (revenue +14.7% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.2M, and assets of $377K (revenue +30.7% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.2M, and assets of $253K (revenue -10.1% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $399K (revenue +17.2% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.2M, and assets of $501K (revenue -4.2% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $668K (revenue +10.1% year-over-year).
- 2012: Revenue of $981K, expenses of $1.0M, and assets of $517K (revenue +27.3% year-over-year).
- 2011: Revenue of $770K, expenses of $735K, and assets of $468K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oakwood Soccer Club Inc:
Data Sources and Methodology
This transparency report for Oakwood Soccer Club Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.