WEST MILFORD HOCKEY 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

1991

Legal Domicile

Principal Officer

CHRIS WATT

Phone

9735832021

Tax Period

2023-01-01 to 2023-12-31

WEST MILFORD HOCKEY INC, founded in 1991, is a micro nonprofit in the Youth Development sector that reported $14K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $17K exceeded revenue, resulting in a 20% operating deficit.

Mission

FUNDRAISING FOR YOUTH HOCKEY THROUGH HIGH SCHOOL HOCKEY LEVELS SO TO KEEP THE COST AFFORDABLE TO THE HOCKEY PARTICIPANTS AT ALL LEVELS.

Program Service Accomplishments

Program 1

Expenses: $13,841 Revenue: $12,965

A TOTALLY VOLUNTEER ORGANIZATION WHICH TIES TOGETHER YOUTH ICE HOCKEY PLAYERS (AGES 7 TO 17)WITH AREA ARENAS OFFERING HOUSE AND HIGH SCHOOL HOCKEY PROGRAMS. THE ORGANIZATION COORDINATES THE DIFFERENT LEVELS, INCLUDING HIGH SCHOOL HOCKEY WITH LOCAL ARENAS HOCKEY GAME SCHEDULES. ALSO OFFERED IS ONE TO TWO PRACTICE TIME A WEEK FOR EACH LEVEL. THE ORGANIZATION SERVICES FROM 45 TO 60 PLAYERS, DEPENDING THE SEASON (FALL/WINTER OR SPRING). WE SERVICE THE WEST MILFORD AREA, WEST MILFORD HIGH SCHOOL AND SURROUNDING MUNICIPALITIES. THE ORGANIZATIONS MISSION IS TO IMPROVE THE ABILITY OF YOUTH HOCKEY PLAYERS AND PROMOTE SPORTSMANSHIP & CHARACTER.

Program 2

Expenses: $0 Revenue: $1,000

ADDITIONAL SERVICES OF THE ORGANIZATION INCLUDE RAISING FUNDS FOR TWO ANNUAL SCHOLARSHIPS, THE ANNUAL NJ FILING FEES AND THE ORGANIZATIONS YEARLY AWARDS DINNER AND SENIOR NIGHT WHERE EACH PARTICIPANT RECEIVES EITHER A HOCKEY PLAQUE, TROPHY OR OTHER HOCKEY RELATED AWARD. OPERATING EXPENSES INCLUDE LEGAL & PRACTITIONER FEES AS WELL.

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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 $13,965

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $13,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $700

Program Expenses $13,841

Other Expenses $16,719

TOTAL EXPENSES $16,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,965	$16,123	-0.1%
Expenses	$16,719	$4,267	+2.9%
Net Income	$-2,754	$11,856	-1.2%

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
CHRIS WATT	PRESIDENT	7.00	Director	$0	$0	$0
SCOTT DeROBERTIS	V.P.	5.00	Director	$0	$0	$0
AMY VANDENBERG	SECRETARY	3.00	Director	$0	$0	$0
LAURA BARCA	TREASURER	5.00	Director	$0	$0	$0
COURTNEY LOMBARDO	REGISTRAR/2nd VP	3.00	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
2023	$13,965	$16,719	$23,525	$-2,754
2022	$16,123	$4,267	$27,544	$11,856
2021	$7,606	$9,357	$15,688	$-1,751
2020	$5,583	$5,501	$16,646	$82
2019	$15,182	$19,839	$18,923	$-4,657
2018	$17,710	$39,611	$29,857	$-21,901