MAPLE GROVE, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
MINNESOTA HEAT HOOPS GREW TO 120 TOTAL TEAMS (87 METRO BOYS, 21 METRO GIRLS, 12 ROCHESTER) IN THE SPRING SEASON ACCOMMODATING AROUND 1,200 PLAYERS. THE PROGRAM EXPANDED OUTSIDE OF THE METRO TWIN...
MINNESOTA HEAT HOOPS GREW TO 120 TOTAL TEAMS (87 METRO BOYS, 21 METRO GIRLS, 12 ROCHESTER) IN THE SPRING SEASON ACCOMMODATING AROUND 1,200 PLAYERS. THE PROGRAM EXPANDED OUTSIDE OF THE METRO TWIN CITIES AND STARTED FIELDING TEAMS OUT OF THE ROCHESTER AREA. WITH THE NEWFOUND MARKET IN THE SOUTHEASTERN REGION, WE WERE ABLE TO ADD 12 TEAMS IN THE PAST SPRING. ON TOP OF OUR SPRING TEAMS, WE ALSO FIELDED 21 TEAMS DURING OUR FALL SEASON. FOR THE FIRST TIME IN PROGRAM HISTORY, WE WILL ALSO FIELD A WINTER TEAM COMPRISED OF PLAYERS FROM THE EDINA TRAVEL ASSOCIATION WHO WERE CUT FROM THEIR TRYOUTS GIVING MORE KIDS THE OPPORTUNITY TO KEEP PLAYING BASKETBALL COMPETITIVELY. THE PROGRAM ALSO SCHOLARSHIPPED A TOTAL OF 30,000 WORTH OF SEASON FEES DURING THE YEAR. LAST BUT NOT LEAST, 2022 WILL BE CAPPED OFF WITH OUR ANNUAL HEAT CHRISTMAS EVENT WHERE WE PROVIDE A UNIQUE CHRISTMAS EXPERIENCE FOR OUR ATHLETES THAT COME FROM FINANCIALLY CHALLENGED BACKGROUNDS.
PAYMENT OF CAMP FEES FOR UNDERPRIVELEGED YOUTHS
FEES PAID FOR GYM RENTALS
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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