TIER 1 ELITE HOCKEY LEAGUE INC

EIN: 262961987 Recreation & Sports

LIVONIA, MI

Total Revenue
$1,444,932
Total Expenses
$1,376,781
Total Assets
$596,451
Net Assets
$387,838
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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
2008
Legal Domicile
MI
Principal Officer
CHRIS STERN
Phone
7348888399
Tax Period
2023-07-01 to 2024-06-30

TIER 1 ELITE HOCKEY LEAGUE INC, founded in 2008, is a community nonprofit in the Recreation & Sports sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 5% surplus.

Mission

AMATEUR HOCKEY LEAGUES FOR BOYS AND GIRLS, DEVOTED TO DEVELOPING PLAYERS FOR PLAYING IN COLLEGES AND OTHER HIGHER LEVELS OF HOCKEY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,439,427
Investment Income $5,505
Other Revenue $0
TOTAL REVENUE $1,444,932

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,373,766
Other Expenses $1,376,781
TOTAL EXPENSES $1,376,781

Year-over-Year Comparison

2023 2022 Change
Revenue $1,444,932 $1,311,607 +0.1%
Expenses $1,376,781 $1,221,075 +0.1%
Net Income $68,151 $90,532 -0.2%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

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
3
$62,125
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER BOLOVEN TREASURER 5.00
Officer
$24,625 $0 $24,625
CHRIS STERN PRESIDENT 5.00
Officer
$25,500 $0 $25,500
KIM FENO SECRETARY 5.00
Officer
$12,000 $0 $12,000
GEORGE MICHALKE DIRECTOR N/A
Director
$0 $0 $0
DENNIS VASKE DIRECTOR N/A
Director
$0 $0 $0
BRIAN BURKE DIRECTOR N/A
Director
$0 $0 $0
TRAVIS RICHARDS DIRECTOR N/A
Director
$0 $0 $0
MATT MURRAY DIRECTOR N/A
Director
$0 $0 $0
ERIC SILVERMAN DIRECTOR N/A
Director
$0 $0 $0
ED GINGHER DIRECTOR N/A
Director
$0 $0 $0
ROBERT MANTHA DIRECTOR N/A
Director
$0 $0 $0
ANDREW SHERMAN DIRECTOR N/A
Director
$0 $0 $0
TEDDY ROTENBERGER DIRECTOR N/A
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 $1,444,932 $1,376,781 $596,451 $68,151
2023 $1,311,607 $1,221,075 $545,854 $90,532
2022 $965,019 $995,747 $459,776 $-30,728
2021 $679,745 $700,195 $409,783 $-20,450
2020 $1,017,997 $937,245 $430,233 $80,752
2019 $1,424,693 $1,443,594 $309,581 $-18,901
2018 $980,571 $1,146,597 $218,480 $-166,026
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