DULUTH HERITAGE SPORTS CENTER (EIN 204440473) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

STEVE KIRK

Phone

2184641711

Tax Period

2022-07-01 to 2023-06-30

DULUTH HERITAGE SPORTS CENTER, founded in 2006, is a community nonprofit in the Recreation & Sports sector that reported $1.6M in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.1M exceeded revenue, resulting in a 36% operating deficit.

Mission

THE ORGANIZATIONS'S MISSION IS TO PROVIDE SIGNIFICANT RECREATIONAL OPPORTUNITIES TO THE CITIZENS OF DULUTH, MN. SPECIFICALLY THE CENTER'S PROGRAMS ARE DIRECTED TO THE YOUTH OF THE CITY AND THE BOYS AND GIRLS CLUB THAT UTILIZES A SIGNIFICANT PORTION OF THE BUILDING. IN ADDITION, THE CENTER CONTINUES TO PROVIDED SIGNIFICANT HISTORICAL INFORMATION AND EXPERIENCES RELATED TO YOUTH SPORTS IN THE CITY THROUGH USE OF MURALS AND OTHER INFORMATIONAL METHODS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $289,665

Program Service Revenue $1,272,536

Investment Income $516

Other Revenue $15,596

TOTAL REVENUE $1,578,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $524,533

Fundraising Expenses $0

Program Expenses $2,003,295

Other Expenses $1,622,629

TOTAL EXPENSES $2,147,162

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,578,313	$1,413,182	+0.1%
Expenses	$2,147,162	$2,010,329	+0.1%
Net Income	$-568,849	$-597,147	0.0%

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

Volunteers

N/A

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

$68,252

Total Directors

$17,944

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT COCHRAN	VICE CHAIR/T	1.00	Officer Director	$0	$0	$0
CULLEN FLAHERTY	DIRECTOR	1.00	Director	$0	$0	$0
JOE SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
TERRY SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
SARAH SCHIPPER	DIRECTOR	1.00	Director	$0	$0	$0
FRITZ WRAIZIDLO	DIRECTOR	1.00	Director	$0	$0	$0
STEVE KIRK	GENERAL MANA	40.00	Officer Director	$17,610	$334	$17,944
SHARI OLSON	GENERAL MANA	40.00	Officer	$48,843	$1,465	$50,308

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	No data	No data	No data	No data
2023	$1,578,313	$2,147,162	$13,824,269	$-568,849
2022	$1,413,182	$2,010,329	$14,309,709	$-597,147
2021	$1,267,964	$1,678,685	$14,876,387	$-410,721
2020	$1,154,946	$1,511,042	$15,266,127	$-356,096
2019	$1,139,985	$1,537,636	$15,618,107	$-397,651
2018	$1,151,083	$1,791,805	$16,017,331	$-640,722

DULUTH HERITAGE SPORTS CENTER