TIER 1 ELITE HOCKEY LEAGUE 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

2008

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $1,373,766 Revenue: $1,439,427

ICE ARENA COSTS, REFEREES, SCOUTING BOOKS, AND OTHER TOURNAMENT COSTS THROUGHOUT THE UNITED STATES.

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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 $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

Governance

Voting Members

Independent Members

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

$62,125

Total Directors

Key Employees

Highest Compensated

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