Richmond, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
Purchased laptops for all the students so they are equipped with the necessary tools to succeed in the classroom. On ice training aids for the sport of hockey are very sport specific, shooter tutors...
Purchased laptops for all the students so they are equipped with the necessary tools to succeed in the classroom. On ice training aids for the sport of hockey are very sport specific, shooter tutors, rebound aids, passing, pucks, nets, etc all are very expensive for an individual student or family to buy. At the academy, we can provide this specialized equipment to aid the student's development. Off ice training is also very specific to hockey. No other sport or activity can duplicate it. So the equipment is essential in a student athletes development. From weighted pucks, weighted jacket, speed guns, medicine balls, hydraulic weight sled and the state of the art hockey slide board, all of these pieces of equipment are vital to a student athlete's development.
The academy has purchased a van to transport students from all over the city of Houston. Without this transportation, many of the academy students would not be able to attend.
The academy has proven to be a success, both academically and athletically. We have 60% of our students in AP or pre AP classes while 100% of the students are working towards and will attend college...
The academy has proven to be a success, both academically and athletically. We have 60% of our students in AP or pre AP classes while 100% of the students are working towards and will attend college or a university. All of the students at Reynolds Hockey Academy are also participating in high level travel programs in the Houston area. Last year we were again proud to promote 12 student athletes to the next level of development (totaling 54 students in 6 years), thus moving out of the academy and onto nationally recognized programs. The academy had 12 players participate in the USA Hockey National development program and we believe that number will increase in the coming years.
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)| 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% |
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
Sign In| 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 |
| 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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