MAHWAH ICE HOCKEY ASSOCIATION INC

EIN: 223601992 501(c)(3)

MAHWAH, NJ

Total Revenue
$59,548
Total Expenses
$61,970
Total Assets
$26,173
Net Assets
$15,073
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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
1998
Legal Domicile
NJ
Principal Officer
LARRY TURCO
Phone
2019675060
Tax Period
2020-07-01 to 2021-06-30

MAHWAH ICE HOCKEY ASSOCIATION INC, founded in 1998, is a micro nonprofit that reported $60K in total revenue in fiscal year 2020. Revenue surged 78% from the prior year, signaling strong growth momentum.

Mission

THE REVENUE GENERATED WAS SOLELY DERIVED FROM THE SPONSORSHIP OF THE YOUTH ICE HOCKEY PROGRAM IN MAHWAH DEDICATED TO THE DEVELOMENT AND INSRUCTION OF MAHWAH YOUTH. THE INCOME RECEIVED PERMITTED THE STUDENTS FROM MITE TO HIGH SCHOOL AGE TO LEARN AND DEVELOP ICE HOVKEY SKILLS, TEAM COOPERATION, AND COMMUNITY SERVICE. THE COMMUNITY SPIRIT AROUSED FROM THE SUPPORT OF THE ICE HOCKEY TEAM HAS LEAD TO ADDITIONAL REVENUE TO BE GENERATED FROM DINNER DANCES AND CARNIVALS TO PERMIT CHILDREN OF NEEDY FAMILIES TO PARTICIPATE IN THE ICE HOCKEY GAMES AND HAS PROVIDED FUNDS SUED TO SUPPORT THE MAHWAH D.A.R.E. AND VARIOUS LOCAL CHAPTERS OF VOLUNTEER ORIGANIZATIONS PROVIDING DIRECT AND INDIRECT POSITIVE INFLUENCES UPON THE YOUTH IN MAHWAH, NEW JERSEY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $3,403
Program Service Revenue $44,330
Investment Income $0
Other Revenue $11,815
TOTAL REVENUE $59,548

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $45,382
Other Expenses $16,588
TOTAL EXPENSES $61,970

Year-over-Year Comparison

2020 2019 Change
Revenue $59,548 $33,475 +0.8%
Expenses $61,970 $31,003 +1.0%
Net Income $-2,422 $2,472 -2.0%
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL LARKIN TRUSTEE N/A
Director
$0 $0 $0
JOHN MATTESICH PRESIDENT N/A
Director
$0 $0 $0
SAMUEL MCGUIRE TRUSTEE N/A
Director
$0 $0 $0
JOHN RUSSENBERGER TRUSTEE N/A
Director
$0 $0 $0
DENNIS SCANNELL TRUSTEE N/A
Director
$0 $0 $0
CHRISTOPHER SCHAUB TRUSTEE/ VIC N/A
Director
$0 $0 $0
JULES SELMAN TRUSTEE N/A
Director
$0 $0 $0
LARRY TURCO TREASURER N/A
Officer Director
$0 $0 $0
LYNN YAKIMIK RECORDING SE N/A
Officer 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
2021 $59,548 $61,970 $26,173 $-2,422
2020 $33,475 $31,003 $24,795 $2,472
2019 $43,734 $56,694 $21,958 $-12,960
2018 $50,967 $60,490 $34,183 $-9,523
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