MINNESOTA HEAT HOOPS INC (EIN 274463412) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

WILLIE VANG

Phone

6512699822

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA HEAT HOOPS INC, founded in 2011, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 122% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 6% surplus.

Mission

CHARITABLE AND EDUCATIONAL PURPOSES: -PROVIDING BASKETBALL PROGRAMS TO CHILDREN THAT OTHERWISE COULD NOT AFFORD TO PLAY. -ORGANIZING BASKETBALL RELATED EVENTS FOR PLAYERS SUCH AS PROFESSIONAL & HS GAMES. -SUPPORTING LOCAL SCHOOLS & COMMUNITIES BY RENTING THEIR FACILITIES.

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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 $1,601,107

Investment Income $8,261

Other Revenue $1,882

TOTAL REVENUE $1,611,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $364,730

Fundraising Expenses $0

Program Expenses $1,293,687

Other Expenses $1,157,502

TOTAL EXPENSES $1,522,232

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,611,250	$726,987	+1.2%
Expenses	$1,522,232	$630,397	+1.4%
Net Income	$89,018	$96,590	-0.1%

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

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

$243,310

Total Directors

$243,310

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW LINAMAN	PRESIDENT	5.00	Officer	$0	$0	$0
WILLIE VANG	BOARD MEMBER	20.00	Officer Director	$237,000	$6,310	$243,310
KARIN MARTINEK	SECRETARY	5.00	Officer	$0	$0	$0
MARY HOPP	TREASURER	5.00	Officer	$0	$0	$0
NICK CARROLL	BOARD MEMBER	5.00	Officer	$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
2024	No data	No data	No data	No data
2023	$1,611,250	$1,522,232	$365,144	$89,018
2022	$726,987	$630,397	$143,958	$96,590
2021	$727,071	$826,740	$44,467	$-99,669
2020	$881,188	$853,696	$155,670	$27,492
2019	$1,004,810	$967,228	$133,221	$37,582
2018	$939,592	$911,268	$82,890	$28,324

MINNESOTA HEAT HOOPS INC