North American Hockey Academy Inc

EIN: 030359521 501(c)(3)

Stowe, VT

Total Revenue
$354,464
Total Expenses
$775,718
Total Assets
$51,314
Net Assets
$51,314
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
VT
Principal Officer
William Driscoll
Phone
8022246026
Tax Period
2019-05-01 to 2020-04-30

North American Hockey Academy Inc, founded in 2004, is a small nonprofit that reported $354K in total revenue in fiscal year 2019. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $776K exceeded revenue, resulting in a 119% operating deficit.

Mission

Amateur athletic association, provides academic and athletic experience for female student athletes.

Program Service Accomplishments

Program 1
Expenses: $678,121 Revenue: $424,728

The North American Hockey Academy residential program provides high quality high school education, elite athletic training and an internationally acclaimed hockey practice and competition schedule to...

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The North American Hockey Academy residential program provides high quality high school education, elite athletic training and an internationally acclaimed hockey practice and competition schedule to 40 female student-athletes. They are under 24/7 care and supervision of the NAHA coaching and residential staff. Over 20 years the NAHA college placement rate in Division 1 colleges and universities is over 90%, and overall college placement is over 95%. Recent graduates dot the rosters of elite colleges including Boston College, Boston University, Universities of Wisconsin, Minnesota, Penn State, Brown, Yale, St. Lawrence, Northeastern, and many more. NAHA also provides two of the most elite out of season events, attended by female hockey players from across North America. The NAHA Summer Showcase allows top female hockey players to gather and compete in front of college scouts from USA and Canada. Typically there are 150 players and 100 scouts at the Showcase. In addition, the players and their families have a variety of off-ice seminars to attend to help them navigate the college recruiting process. The NAHA Labor Day Tournament is one of the top female hockey tournaments in North America, attracting teams at the 14, 16, and 19 age levels. It's known as the kickoff of each college recruiting season because of the quality of the competetion and attracts well over 100 college scouts. Most players from USA and Canada, as well as Japan, China, and Czech Republic's National and Olympic Team rosters played in this event.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $5
Program Service Revenue $424,728
Investment Income $-90,552
Other Revenue $20,283
TOTAL REVENUE $354,464

Expense Breakdown

Grants Paid $0
Salaries & Benefits $422,051
Fundraising Expenses $0
Program Expenses $678,121
Other Expenses $353,667
TOTAL EXPENSES $775,718

Year-over-Year Comparison

2019 2018 Change
Revenue $354,464 $1,271,705 -0.7%
Expenses $775,718 $1,282,844 -0.4%
Net Income $-421,254 $-11,139 +36.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
1
Employees
23
Volunteers
1

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$135,978
Total Directors
3
$135,978
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Driscoll President 75.00
Officer Director
$53,486 $8,228 $61,714
Jesse Driscoll Secretary 75.00
Officer Director
$53,486 $20,778 $74,264
Holly Ryan Director 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $354,464 $775,718 $51,314 $-421,254
2019 $1,271,705 $1,282,844 $1,413,994 $-11,139
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