DULUTH HERITAGE SPORTS CENTER FOUNDATION

EIN: 263455739 501(c)(3) Recreation & Sports

DULUTH, MN

Total Revenue
$959,686
Total Expenses
$83,490
Total Assets
$9,277,988
Net Assets
$9,277,988
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MN
Principal Officer
JEFF STARK
Phone
2184641711
Tax Period
2024-07-01 to 2025-06-30

DULUTH HERITAGE SPORTS CENTER FOUNDATION, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $960K in total revenue in fiscal year 2024. Revenue surged 697% from the prior year, signaling strong growth momentum. The organization ran a surplus of $876K, a strong 91% operating margin.

Mission

TO SUPPORT THE MISSION OF THE DULUTH HERITAGE SPORTS CENTER, A MULTI-SPORTS COMPLEX, BY GRANTING FINANCIAL ASSISTANCE TO THE DULUTH HERITAGE SPORTS CENTER AND TO OUR AREAS QUALIFYING CHILDREN. THE FOUNDATION WILL FOCUS ON ELIMINATING BARRIERS OF PARTICIPATION IN ORGANIZED YOUTH SPORTS AND THEREBY HELP TO CREATE EQUAL ACCESS TO ORGANIZED YOUTH SPORTS BY OFFSETTING THE COST OF THE RELATED EXPENSE OF PARTICIPATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $920,158
Program Service Revenue $35,558
Investment Income $3,970
Other Revenue $0
TOTAL REVENUE $959,686

Expense Breakdown

Grants Paid $53,924
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $82,170
Other Expenses $29,566
TOTAL EXPENSES $83,490

Year-over-Year Comparison

2024 2023 Change
Revenue $959,686 $120,426 +7.0%
Expenses $83,490 $73,676 +0.1%
Net Income $876,196 $46,750 +17.7%
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

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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
12
Independent Members
12
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
5
$76,401
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAT FRANCISCO CHAIR 1.00
Officer Director
$0 $0 $0
SHANNON CORNELIUS VICE CHAIR 1.00
Officer Director
$0 $0 $0
RAY PETERSON SECRETARY 1.00
Officer Director
$0 $0 $0
TERRY SCOTT TREASURER 1.00
Officer Director
$0 $0 $0
CRAIG FELLMAN TRUSTEE 1.00
Director
$0 $0 $0
DAN RUSSEL TRUSTEE 1.00
Director
$0 $0 $0
MATT HAROLD TRUSTEE 1.00
Director
$0 $0 $0
CHRIS MCMAHON TRUSTEE 1.00
Director
$0 $0 $0
BECKY MCCALL TRUSTEE 1.00
Director
$0 $0 $0
JON AAMODT TRUSTEE 1.00
Director
$0 $0 $0
JERRY DEMEO TRUSTEE 1.00
Director
$0 $0 $0
DEB MESSER TRUSTEE 1.00
Director
$0 $0 $0
JEFF STARK CEO AND PRES 1.00
Officer
$0 $2,955 $76,401
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 $959,686 $83,490 $9,277,988 $876,196
2024 No data No data No data No data
2023 $73,881 $45,314 $8,359,241 $28,567
2022 $50,566 $21,172 $8,320,964 $29,394
2021 $35,686 $4,706 $8,296,626 $30,980
2020 $60,160 $35,147 $8,265,646 $25,013
2019 $42,724 $83,292 $8,275,577 $-40,568
2018 $2,688,020 $30,744 $8,276,145 $2,657,276
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