NEVADA STARS 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

2007

Legal Domicile

Principal Officer

CORINE BROOKS

Phone

7022436271

Tax Period

2024-06-01 to 2025-05-31

NEVADA STARS INC, founded in 2007, is a community nonprofit in the Recreation & Sports sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO TEACH THE GAME OF HOCKEY AND THE CONCEPT OF SPORTSMANSHIP TO YOUTHS IN THE LAS VEGAS METROPOLITAN AREA.

Program Service Accomplishments

Program 1

Expenses: $1,509,029 Revenue: $1,203,623

DURING THE 20242025 PROGRAM YEAR, THE ORGANIZATION OPERATED 16 COMPETITIVE YOUTH HOCKEY TEAMS SERVING A COMBINED 270 PLAYERS ACROSS TWO DISTINCT PROGRAMS THE LAS VEGAS STORM YOUTH TRAVEL PROGRAM AND THE BISHOP GORMAN HIGH SCHOOL HOCKEY PROGRAM PROVIDING STRUCTURED ATHLETIC DEVELOPMENT, MENTORSHIP, AND COMMUNITY ENGAGEMENT OPPORTUNITIES TO YOUTH IN THE LAS VEGAS VALLEY. EIGHTEEN STUDENT-ATHLETES GRADUATED FROM HIGH SCHOOL, SUCCESSFULLY COMPLETING THEIR SECONDARY EDUCATION WHILE PARTICIPATING IN A DEMANDING COMPETITIVE HOCKEY PROGRAM. FIVE PLAYERS RECEIVED HOCKEY SCHOLARSHIPS, RECOGNIZING BOTH THEIR ATHLETIC ACHIEVEMENT AND THE ORGANIZATION'S COMMITMENT TO MAKING CONTINUED HOCKEY PARTICIPATION FINANCIALLY ACCESSIBLE.(CONTINUED ON SCHEDULE O)COMMUNITY SERVICE IS A CORE AND REQUIRED COMPONENT OF PARTICIPATION IN BOTH PROGRAMS. EVERY LAS VEGAS STORM TEAM IS REQUIRED TO COMPLETE A MINIMUM OF ONE COMMUNITY SERVICE EVENT PER SEASON (WITH THREE EVENTS STRONGLY ENCOURAGED), AND EVERY BISHOP GORMAN TEAM IS REQUIRED TO COMPLETE A MINIMUM OF THREE COMMUNITY SERVICE EVENTS PER SEASON. ADDITIONALLY, ALL BISHOP GORMAN PLAYERS ARE REQUIRED TO VOLUNTEER AS COACHES FOR THE LITTLE KNIGHTS YOUTH DEVELOPMENT PROGRAM A MINIMUM OF THREE TIMES PER YEAR, DIRECTLY GIVING BACK TO THE NEXT GENERATION OF PLAYERS IN THE COMMUNITY.

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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 $121,729

Program Service Revenue $1,203,623

Investment Income $0

Other Revenue $9,488

TOTAL REVENUE $1,334,840

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $125,950

Fundraising Expenses $0

Program Expenses $1,509,029

Other Expenses $1,403,270

TOTAL EXPENSES $1,530,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,334,840	$1,435,607	-0.1%
Expenses	$1,530,720	$1,322,185	+0.2%
Net Income	$-195,880	$113,422	-2.7%

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

N/A

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
KIRK W BROOKS	PRESIDENT (THRU SEPT.)	12.00	Officer Director	$0	$0	$0
KEITH M BROOKS	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN E BROOKS	DIRECTOR	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	$1,334,840	$1,530,720	$317,284	$-195,880
2024	$1,435,607	$1,322,185	$560,954	$113,422
2023	$1,107,636	$1,122,486	$390,610	$-14,850
2022	$1,022,440	$800,259	$379,320	$222,181
2021	$513,629	$355,124	$179,672	$158,505