WILLMAR 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

1970

Legal Domicile

Principal Officer

JUSTIN RUCKS

Phone

3204447201

Tax Period

2023-05-01 to 2024-04-30

WILLMAR HOCKEY ASSOCIATION INC, founded in 1970, is a small nonprofit in the Recreation & Sports sector that reported $318K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $55K, a strong 17% operating margin.

Mission

TO PROVIDE YOUTH HOCKEY

Program Service Accomplishments

Program 1

Expenses: $192,588 Revenue: $198,760

TO PROVIDE YOUTH THE OPPORTUNITY TO PLAY HOCKEY, TO PROMOTE, SPONSOR AND TEACH A SUPERVISED PROGRAM OF HOCKEY TRAINING AND COMPETITION TO THE YOUTH IN THE WILLMAR AREA. THERE WERE APPROXIMATELY 102...

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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 $2,420

Program Service Revenue $185,627

Investment Income $200

Other Revenue $129,573

TOTAL REVENUE $317,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $68,988

Program Expenses $192,588

Other Expenses $262,390

TOTAL EXPENSES $262,390

Year-over-Year Comparison

	2023	2022	Change
Revenue	$317,820	$245,982	+0.3%
Expenses	$262,390	$263,230	0.0%
Net Income	$55,430	$-17,248	-4.2%

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

250

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
JEFF DUININCK	DIRECTOR	0.25	Director	$0	$0	$0
SHAWN ENGSTROM	TREASURER	0.25	Officer Director	$0	$0	$0
CORY FLADEBOE	DIRECTOR	0.25	Director	$0	$0	$0
COREY HANSON	DIRECTOR	0.25	Director	$0	$0	$0
JUSTIN JORGENSON	DIRECTOR	0.25	Director	$0	$0	$0
SHANNON LINDQUIST	DIRECTOR	0.25	Director	$0	$0	$0
ERIK RANNETSBERGER	DIRECTOR	0.25	Director	$0	$0	$0
JUSTIN RUCKS	PRESIDENT	0.25	Officer Director	$0	$0	$0
KATIE STEPANIAK	SECRETARY	0.25	Officer Director	$0	$0	$0
DARIN STRAND	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
BECKY VILLNOW	DIRECTOR	0.25	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
2025	No data	No data	No data	No data
2024	$317,820	$262,390	$64,300	$55,430
2023	$245,982	$263,230	$35,167	$-17,248
2022	$255,861	$302,445	$46,206	$-46,584
2021	$182,451	$187,268	$72,702	$-4,817
2020	$190,811	$185,908	$77,519	$4,903
2019	$199,397	$206,425	$72,616	$-7,028