MINNESOTA THUNDER ACADEMY

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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

ROB CAVERLY

Phone

7633340210

Tax Period

2024-08-01 to 2025-07-31

MINNESOTA THUNDER ACADEMY, founded in 2008, is a community nonprofit in the Recreation & Sports sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $3.5M left a modest 14% surplus.

Mission

THE MINNESOTA THUNDER ACADEMY IS A NON-PROFIT CORPORATION THAT PROMOTES THE GROWTH AND RAISING THE STANDARD OF YOUTH SOCCER IN THE STATE OF MINNESOTA AS WELL AS DEVELOPING SOCCER PLAYERS TO THE BEST OF THEIR ABILITY.

Program Service Accomplishments

Program 1

Expenses: $2,972,960 Revenue: $3,882,663

THE MINNESOTA THUNDER ACADEMY PROMOTES, SPONSORS, ORGANIZES, AND ADMINISTERS SOCCER PROGRAMS - WHICH INCLUDE THE HIGHEST LEVELS OF PLAY, GUIDANCE, INSTRUCTION, AND COMPETITION, WITH THE EMPHASIS ON SKILL DEVELOPMENT, TEAMWORK, AND GOOD SPORTSMANSHIP FOR THE COMMITTED SOCCER PLAYER. THE ACADEMY HAS APPROXIMATELY 850 PARTICIPANTS. ACADEMY TEAMS COMPETE IN ELITE CLUBS NATIONAL LEAGUE (ECNL), MINNESOTA NATIONAL PREMIER LEAGUE (NPL) AND TWIN CITIES SOCCER LEAGUES (TCSL) AS WELL AS THE WOMEN'S PREMIER SOCCER LEAGUE (WPSL).

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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 $120,187

Program Service Revenue $3,882,711

Investment Income $61,614

Other Revenue $41,868

TOTAL REVENUE $4,106,380

Expense Breakdown

Grants Paid $57,628

Salaries & Benefits $1,569,145

Fundraising Expenses $9,784

Program Expenses $2,972,960

Other Expenses $1,921,514

TOTAL EXPENSES $3,548,287

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,106,380	$3,353,243	+0.2%
Expenses	$3,548,287	$2,892,034	+0.2%
Net Income	$558,093	$461,209	+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

Volunteers

500

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

$103,736

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF WITTE	DIRECTOR	1.00	Director	$0	$0	$0
JASON TRUCANO	DIRECTOR	1.00	Director	$0	$0	$0
ANDRES CABALLERO	DIRECTOR	1.00	Director	$0	$0	$0
KURT ISHAUG	TREASURER	1.00	Officer Director	$0	$0	$0
ROB CAVERLY	PRESIDENT	3.00	Officer Director	$0	$0	$0
MAUREEN BRICK	FINANCE DIRECTOR	50.00	Officer	$78,736	$0	$78,736
ADAM PRIBYL	EXECUTIVE DIRECTOR	50.00	Officer	$25,000	$0	$25,000
MATTHEW VANBENSCHOTEN	JUNIORS DIRECTOR	1.00	Highest	$106,118	$0	$106,118

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	$4,106,380	$3,548,287	$3,564,496	$558,093
2024	$3,353,243	$2,892,034	$2,895,638	$461,209
2023	$2,484,777	$2,215,526	$2,124,907	$269,251
2022	$2,099,169	$1,879,854	$1,013,542	$219,315
2021	$2,073,757	$1,515,639	$779,672	$558,118
2020	$1,574,781	$1,424,633	$406,779	$150,148
2019	$1,833,774	$1,684,153	$38,020	$149,621