USSF makes a profit as revenues sky rocket; Sermanni pay revealed

Neilson Barnard

The 2013 fiscal year was kind to the USSF.

The United States Soccer Federation released their audited financial statements for 2013 (fiscal year, ending March 31, 2013) and it showed a small increase in expenses for the year, but also a giant revenue boost. The result: a federation-wide profit of roughly $5 million.

The USSF boosted revenue most at the top end, with sponsorship, TV, licensing and royalties (all put into one category), national team game revenues and international game revenues all growing substantially and maintaining their spots as the federation's top money makers. Sponsorships, etc. saw revenues increase by more than $2.5 million from 2012 to $23,484,920 and national team match revenue rose $3.8 million to $22,285,102, while international match revenue nearly doubled to $4,444,512.

In all, USSF revenues increased nearly $9 million from the previous year to $64,923,037. That increase in revenue more than covered for the $957,900 increase in spending to $60,399,248.

Expenses increased most for the women's national team, which saw spending from $6,086,854 in 2012 to $9,478,322 in 2013. That spending includes the salary of new head coach Tom Sermanni, who will be paid a base salary ranging from $195,000 to $210,000 over the course of his contract, which expires in 2016. He can also make anywhere from $25,000 to $80,000 in performance bonuses depending on the team's finish at the 2015 Women's World Cup and the 2016 Olympics.

Expenses increased for the men's team in 2013 as well, although not by much. The USSF spent $12,836,045 for the year, $600,000 more than the previous year, but because the fiscal year ended in March, it doesn't take into account much of World Cup qualifying or the Centennial-themed summer friendlies. Both expenses and revenue will probably be much higher for the 2014 fiscal year when that is taken into account.

The increase in men's spending made it the most expensive team in the USSF, surpassing the youth national teams. In 2012, the $12,376,459 spent on the youth teams made it the top spending arm of the U.S. national teams, but its increase to $12,745,045 in 2013 left it just behind the men.

Because the USSF is a tax-exempt organization, it did not pay any income taxes.

In all, it looks like a successful financial year for the USSF. Add that to the men's success in World Cup qualifying and the Gold Cup, the women winning in friendlies and the continued growth of the Developmental Academy, it looks like there's a lot for the federation to be happy about. Of course, this financial success only goes through the end of March. We'll see next year how the rest of 2013 treated the USSF financially.

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