GROSSE ILE HOCKEY ASSOCIATION INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

DAN TAYLOR

Phone

7346754500

Tax Period

2023-07-01 to 2024-06-30

GROSSE ILE HOCKEY ASSOCIATION INC, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $196K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE YOUTH HOCKEY IN GROSSE ILE, MICHIGAN AND ADJOINING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $202,456

GROSSE ILE HOCKEY ASSOCIATION HAD APPROXIMATELY 104 PARTICIPANTS THAT PARTICIPATED IN OVER FIVE YOUTH HOCKEY TEAMS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $19,545

Program Service Revenue $132,854

Investment Income $0

Other Revenue $43,813

TOTAL REVENUE $196,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $202,456

Other Expenses $202,456

TOTAL EXPENSES $202,456

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,212	$300,760	-0.3%
Expenses	$202,456	$308,529	-0.3%
Net Income	$-6,244	$-7,769	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA FLOYD	SECRETARY	N/A	Officer	$0	$0	$0
LOU STONEY	TREASURER	N/A	Officer	$0	$0	$0
DAN TAYLOR	PRESIDENT	N/A	Officer	$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
2025	No data	No data	No data	No data
2024	$196,212	$202,456	$23,213	$-6,244
2023	$300,760	$308,529	$29,457	$-7,769
2022	$319,631	$321,772	$37,226	$-2,141
2021	$217,716	$206,730	$39,367	$10,986
2020	$285,411	$302,481	$28,381	$-17,070
2019	$244,274	$244,977	$45,451	$-703
2018	$391,089	$377,007	$46,154	$14,082