FM Athletics 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

1972

Legal Domicile

Principal Officer

Paul Ferrie

Phone

7012321471

Tax Period

2024-01-01 to 2024-12-31

FM Athletics Inc, founded in 1972, is a small nonprofit in the Recreation & Sports sector that reported $391K in total revenue in fiscal year 2024.

Mission

The philosophy of FM Athletics is to provide an opportunity for ALL youth to play football, including those who might not otherwise have the chance. It is the intent of the league to foster sportsmanship, team play and leadership.

Program Service Accomplishments

Program 1

Expenses: $306,780 Revenue: $365,558

FM Athletics, Inc., was formed in 1972 to help promote youth football in the Fargo-Moorhead area. We are proud to have completed our 52nd season in 2024. The league had over 1,400 participants...

FM Athletics, Inc., was formed in 1972 to help promote youth football in the Fargo-Moorhead area. We are proud to have completed our 52nd season in 2024. The league had over 1,400 participants registered, playing on 54 different teams. The organization is a non-profit corporation and all board members are volunteers.

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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 $24,692

Program Service Revenue $364,613

Investment Income $256

Other Revenue $945

TOTAL REVENUE $390,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,885

Fundraising Expenses $47,778

Program Expenses $306,780

Other Expenses $277,423

TOTAL EXPENSES $381,308

Year-over-Year Comparison

	2024	2023	Change
Revenue	$390,506	$407,323	0.0%
Expenses	$381,308	$357,534	+0.1%
Net Income	$9,198	$49,789	-0.8%

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

325

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

$25,763

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Otto Ferrie	President	5.00	Officer Director	$0	$0	$0
Casey Mittag	Vice President	5.00	Officer Director	$0	$0	$0
Steve Ingersoll	Treasurer	5.00	Officer Director	$0	$0	$0
Kristi Kellen	Secretary	5.00	Officer Director	$0	$0	$0
Tim Orness	Director	1.00	Director	$0	$0	$0
Daniel Gunderson	Director	1.00	Director	$0	$0	$0
Joe Fuchs	Director	1.00	Director	$0	$0	$0
Melvin Whitney Jr	Director	1.00	Director	$0	$0	$0
Joey O'Donnell	Director	1.00	Director	$0	$0	$0
Jeff Dixon	Director	1.00	Director	$0	$0	$0
Dick Groth	Director	1.00	Director	$0	$0	$0
Doug Huber	Director	1.00	Director	$0	$0	$0
Brady Blomberg	Director	1.00	Director	$0	$0	$0
Mike Holm	Director	1.00	Director	$0	$0	$0
Britt Ingersoll	Director	1.00	Director	$0	$0	$0
Chris Ingersoll	Director	1.00	Director	$0	$0	$0
Luke Gibbon	Director	1.00	Director	$0	$0	$0
Tim Raftevold	Director	1.00	Director	$0	$0	$0
Jerry Rostad	Director	1.00	Director	$0	$0	$0
Curt Kellen	Director	1.00	Director	$0	$0	$0
Henry Lytle	Director	1.00	Director	$0	$0	$0
Larry Quamme	Director	1.00	Director	$0	$0	$0
PJ Peterson	Director	1.00	Director	$0	$0	$0
Blaine Thorkildson	Director	1.00	Director	$0	$0	$0
Nate Robideau	Director	1.00	Director	$0	$0	$0
Ryan Veralrud	Director	1.00	Director	$0	$0	$0
Tyler Ukestad	Director	1.00	Director	$0	$0	$0
Pam Vadnais	Director	1.00	Director	$0	$0	$0
Dave Ames	Director	1.00	Director	$0	$0	$0
Jim Rohde	Director	1.00	Director	$0	$0	$0
Jennifer Ames	Bookkeeper/Administrator	15.00	Officer	$25,763	$0	$25,763

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
2024	$390,506	$381,308	$487,029	$9,198
2023	$407,323	$357,534	$477,787	$49,789
2022	$397,959	$326,128	$427,977	$71,831
2021	$312,388	$242,754	$356,171	$69,634
2020	$6,464	$124,109	$286,489	$-117,645
2019	$335,293	$331,102	$404,291	$4,191
2018	$339,605	$315,409	$400,090	$24,196