CHICAGO BLUES HOCKEY ASSOCIATION

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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

1978

Legal Domicile

Principal Officer

RICK PATRONE

Phone

3123682070

Tax Period

2024-08-01 to 2025-07-31

CHICAGO BLUES HOCKEY ASSOCIATION, founded in 1978, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE CHICAGO BLUES HOCKEY CLUB IS TO PROVIDE AN EXCELLENT INSTRUCTIONAL AND COMPETITIVE ENVIRONMENT AIMED ATDEVELOPING HIGHLY COMPETITIVE HOCKEY PLAYERS. OUR PHILOSOPHY IS TO PROVIDE BOTH ON-ICE AND OFF-ICE TRAINING USING PROFESSIONAL HOCKEY ENVIRONMENT AIMED AT DEVELOPING HIGHLY COMPETITIVE HOCKEY PLAYERS. OUR PHILOSOPHY IS TO PROVIDE BOTH ON-ICE AND OFF-ICE TRAINING USING PROFESSIONAL HOCKEY DIRECTORS AND COACHES FOR EACH TEAM. ADDITIONALLY,WE ENSURE A COMPETITIVE SCHEDULE DESIGNED TO STRETCH PLAYERS BEYOND THEIR COMFORT ZONE.

Program Service Accomplishments

Program 1

Expenses: $1,558,392 Revenue: $1,380,016

INSTRUCTIONAL HOCKEY PROGRAMS

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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 $0

Program Service Revenue $1,421,526

Investment Income $21

Other Revenue $60,864

TOTAL REVENUE $1,482,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,558,392

Other Expenses $1,591,389

TOTAL EXPENSES $1,591,389

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,482,411	$1,415,495	+0.0%
Expenses	$1,591,389	$1,412,584	+0.1%
Net Income	$-108,978	$2,911	-38.4%

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

$15,000

Total Directors

$21,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK PATRONE	PRESIDENT	5.00	Officer Director	$15,000	$0	$15,000
RAJ KAMRUDDIN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SARA GERARDI	SECRETARY	2.00	Officer Director	$0	$0	$0
TJ SKATTUM	TREASURER	2.00	Officer Director	$0	$0	$0
KENNETH KACZMAREK	DIRECTOR	2.00	Director	$6,400	$0	$6,400
ANNA BENEDIKT	DIRECTOR	2.00	Director	$0	$0	$0
SEAN RYAN	DIRECTOR	2.00	Director	$0	$0	$0
MARK BRUNETTI	DIRECTOR	2.00	Director	$0	$0	$0
CAROL KUHN	DIRECTOR	2.00	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	$1,482,411	$1,591,389	$397,413	$-108,978
2024	$1,415,495	$1,412,584	$451,875	$2,911
2023	$1,300,746	$1,448,731	$499,877	$-147,985
2022	$1,128,007	$1,183,811	$563,731	$-55,804
2021	$1,234,967	$1,348,097	$619,535	$-113,130
2020	$984,595	$1,019,248	$732,665	$-34,653
2019	$1,309,414	$1,383,262	$767,318	$-73,848