Reynolds Hockey Academy

EIN: 364859538 501(c)(3)

Richmond, TX

Total Revenue
$264,320
Total Expenses
$306,957
Total Assets
$32,384
Net Assets
$32,384
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
TX
Principal Officer
Bobby Reynolds
Phone
8102238119
Tax Period
2024-01-01 to 2024-12-31

Reynolds Hockey Academy, founded in 2017, is a small nonprofit that reported $264K in total revenue in fiscal year 2024. Expenses of $307K exceeded revenue, resulting in a 16% operating deficit.

Mission

To empower and provide the tools, mentorship, instruction necessary for students to achieve athletic and academic goals in the present and in the future. Academically, supporting the student in the classroom with books, teaching aids and most importantly laptops to participate in the K12 Texas Online Prep School(TOPS). Specifically, participation in the sport hockey is quite expensive and our organization provides an array of assistance including the on/off-ice training equipment and hockey equipment that is imperative for a player's development. Academics and athletics are the core of the academy but life lessons do not get overlooked. The student athletes are responsible for all the chores that are needed to operate the Reynolds Hockey Academy. The students on a daily basis do the laundry, clean the floors and make sure their locker room is spotless and neat.

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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 $50,000
Program Service Revenue $214,320
Investment Income $0
Other Revenue $0
TOTAL REVENUE $264,320

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $98,000
Fundraising Expenses $0
Program Expenses $296,535
Other Expenses $206,957
TOTAL EXPENSES $306,957

Year-over-Year Comparison

2024 2023 Change
Revenue $264,320 $262,294 +0.0%
Expenses $306,957 $238,380 +0.3%
Net Income $-42,637 $23,914 -2.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
9

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
4
$98,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bobby Reynolds President 45.00
Officer
$98,000 $0 $98,000
Dennis Murphy Vice President 5.00
Officer
$0 $0 $0
Cynthia Reynolds VP/Secretary 7.00
Officer
$0 $0 $0
TC Lewis Vice President 2.00
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 $264,320 $306,957 $32,384 $-42,637
2023 $262,294 $238,380 $77,125 $23,914
2022 $276,658 $261,880 $49,778 $14,778
2021 $243,873 $237,518 $33,000 $6,355
2020 $311,196 $321,915 $26,645 $-10,719
2019 $232,435 $268,932 $37,364 $-36,497
2018 $241,992 $222,532 $73,861 $19,460
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