West Michigan Hockey Youth Foundat… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

BOB KASER

Phone

6169705437

Tax Period

2023-07-01 to 2024-06-30

West Michigan Hockey Youth Foundation Inc, founded in 1995, is a small nonprofit in the Recreation & Sports sector that reported $442K in total revenue in fiscal year 2023. The organization ran a surplus of $135K, a strong 31% operating margin.

Mission

TO PROMOTE ACADEMIC EXCELLENCE, COMMUNITY INVOLVEMENT AND HEALTHY LIFESTYLES AMONG THE YOUTH OF WEST MICHIGAN, ENHANCING THEIR LIVES THROUGH HOCKEY AND ICE-RELATED SPORTS.

Program Service Accomplishments

Program 1

Expenses: $278,116 Revenue: $0

PAID RENTAL FEES OF HOME ICE FOR YOUTH HOCKEY PRACTICE, RENTAL FEES AT ROSA PARKS CIRCLE FOR SPECIAL EVENTS, SUPERVISOR AND COACHES FEES, MAINTENANCE AND RENTAL FEES AND OTHER MISC. FEES ALL TO...

PAID RENTAL FEES OF HOME ICE FOR YOUTH HOCKEY PRACTICE, RENTAL FEES AT ROSA PARKS CIRCLE FOR SPECIAL EVENTS, SUPERVISOR AND COACHES FEES, MAINTENANCE AND RENTAL FEES AND OTHER MISC. FEES ALL TO ENCOURAGE AND PROMOTE PARTICIPATION IN HOCKEY AND OTHER ICE-RELATED SPORTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $393,337

Program Service Revenue $0

Investment Income $165

Other Revenue $48,488

TOTAL REVENUE $441,990

Expense Breakdown

Grants Paid $2,098

Salaries & Benefits $91,998

Fundraising Expenses $13,832

Program Expenses $278,116

Other Expenses $213,028

TOTAL EXPENSES $307,124

Year-over-Year Comparison

	2023	2022	Change
Revenue	$441,990	$415,691	+0.1%
Expenses	$307,124	$308,378	0.0%
Net Income	$134,866	$107,313	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

125

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

$42,031

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN LANGSETH	EXECUTIVE DIRECTOR (PART YEAR)	40.0	Officer	$35,385	$0	$35,385
JENNIFER LARDIE	EXECUTIVE DIRECTOR (PART YEAR)	40.0	Officer	$6,646	$0	$6,646
Robert Kaser	President	0.7	Officer Director	$0	$0	$0
Scott Jacobs	Vice President	0.7	Officer Director	$0	$0	$0
Randy Cleves	Trustee	0.7	Director	$0	$0	$0
Terri DeBoer	Trustee	0.7	Director	$0	$0	$0
James Gaudette	Trustee	0.7	Director	$0	$0	$0
Mike Knuble	Trustee	0.7	Director	$0	$0	$0
Cole DeVos	Trustee	0.7	Director	$0	$0	$0
Susan Howe	Treasurer	0.7	Director	$0	$0	$0
Scott Gorsline	Trustee	0.7	Director	$0	$0	$0
David Phelps	Trustee	0.7	Director	$0	$0	$0
Jason Madden	Trustee	0.7	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	No data	No data	No data	No data
2024	$441,990	$307,124	$401,868	$134,866
2023	$415,691	$308,378	$248,644	$107,313
2022	$161,707	$302,676	$61,643	$-140,969
2021	$93,175	$157,671	$201,095	$-64,496
2020	$295,492	$397,353	$266,097	$-101,861
2019	$335,736	$352,479	$393,221	$-16,743

West Michigan Hockey Youth Foundation Inc