LAKE REGION HOCKEY ASSOCIATION

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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

1967

Legal Domicile

Principal Officer

TRACY HENRY

Phone

6514841149

Tax Period

2024-05-01 to 2025-04-30

LAKE REGION HOCKEY ASSOCIATION, founded in 1967, is a small nonprofit that reported $288K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

SUPPORT YOUTH ATHLETICS

Program Service Accomplishments

Program 1

Expenses: $295,000

RAISED FUNDS TO SUPPORT YOUTH HOCKEY, SPONSORED TOURNAMENTS, AND AWARDED SCHOLARSHIPS

Program 2

TO PROVIDE SCHOLARSHIPS FOR YOUTH HOCKEY PLAYERS TO FURTHER THEIR EDUCATION.

Program 3

GAMBLING: THE FORMS OF GAMBLING CONDUCTED BY THE ORGANIZATION DURING THE YEAR ENDED 4/30/2025, INCLUDED PAPER PULL-TABS, NON-LINKED BINGO, PADDLETICKETS, LINKED BINGO, AND ELECTRONIC PULL-TABS...

GAMBLING: THE FORMS OF GAMBLING CONDUCTED BY THE ORGANIZATION DURING THE YEAR ENDED 4/30/2025, INCLUDED PAPER PULL-TABS, NON-LINKED BINGO, PADDLETICKETS, LINKED BINGO, AND ELECTRONIC PULL-TABS. REVENUE IN EXCESS OF ALLOWABLE EXPENSES GENERATED BY THE LAWFUL GAMBLING FUND WERE USED FOR LAWFUL PURPOSES AND BOARD APPROVED EXPENDITURES AS DEFINED BY MINNESOTA STATUTE. GROSS RECEIPTS FOR THE YEAR ENEDED 4/30/2025 WERE 18,753,186. TOTAL GAMING EXPENSES FOR THE YEAR ENDED 4/30/2025 WERE 18,762,261

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $36

Other Revenue $288,089

TOTAL REVENUE $288,125

Expense Breakdown

Grants Paid $295,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $295,000

Other Expenses $4,951

TOTAL EXPENSES $299,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$288,125	$304,365	-0.1%
Expenses	$299,951	$285,549	+0.1%
Net Income	$-11,826	$18,816	-1.6%

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

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

$95,083

Total Directors

$135,240

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT SCOTT JAHNKE	GAMING COORD	40.00	Officer Director	$88,373	$710	$89,083
STACI HOLMBOE	AST GAMBLING	40.00	Director	$39,392	$0	$39,392
SHANE PETRICH	VICE PRESIDE	2.00	Officer Director	$0	$0	$6,000
CARL KUHL	MVIYHA PRESI	1.00	Director	$0	$465	$465
MICHELLE KERR STENZEL	MVIYHA TREAS	1.00	Director	$0	$300	$300
TARA BARROWS	MVIHS BOY BS	1.00	Director	$0	$0	$0
JENNA CARLSON	APPOINTED ME	1.00	Director	$0	$0	$0
BILL DOYLE	APPOINTED ME	1.00	Director	$0	$0	$0
TINA ESKRO	HS BOOSTER L	1.00	Director	$0	$0	$0
JESSICA FRIEDMAN	MVIHS GRL BS	1.00	Director	$0	$0	$0
TRACY HENRY	PRESIDENT	2.00	Officer Director	$0	$0	$0
PENNY KIANIAN	TREASURER	2.00	Officer Director	$0	$0	$0
DARRICK METZ	APPOINTED ME	1.00	Director	$0	$0	$0
JANE MYERS	SECRETARY	2.00	Officer Director	$0	$0	$0
ANNA PETERSON	APPOINTED ME	1.00	Director	$0	$0	$0
JASON SPRAGUE	APPOINTED ME	1.00	Director	$0	$0	$0
MICHAEL WANDELL	APPOINTED ME	1.00	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
2025	$288,125	$299,951	$142,580	$-11,826
2024	$304,365	$285,549	$152,060	$18,816
2023	$265,568	$260,551	$129,017	$5,017
2022	$297,856	$261,029	$125,007	$36,827
2021	$211,828	$163,948	$87,784	$47,880