MINNETONKA HOPKINS GYMNASTICS ASSO… - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

DAN MORGAN

Phone

9529332452

Tax Period

2024-09-01 to 2025-08-31

MINNETONKA HOPKINS GYMNASTICS ASSOCIATION, founded in 1976, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. Expenses of $4.1M left a modest 4% surplus.

Mission

OUR MISSION IS TO CULTIVATE AND ENHANCE DEVELOPMENT OF EACH CHILD FOR THEIR FUTURE. MINI-HOPS IS A FAMILY NON-PROFIT ORGANIZATION; OUR VISION IS TO PROVIDE UNPARALLELED OPPORTUNITY FOR CHILDREN WITH ALL ABILITIES IN GYMNASTICS, DANCE, PERFORMING ARTS AND PRESCHOOL ACADEMICS IN A WHOLESOME AND SAFE ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $3,357,440 Revenue: $4,167,464

THE ASSOCIATION PROVIDES TEAM AND CLASS LEVEL COACHING AND TRAINING FOR MORE THAN 2,000 GYMNASTS AND DANCERS OF VARIOUS AGES AND SKILL LEVELS. WE BELIEVE THAT IMPACTING KIDS WITH ALL ABILITIES AND...

THE ASSOCIATION PROVIDES TEAM AND CLASS LEVEL COACHING AND TRAINING FOR MORE THAN 2,000 GYMNASTS AND DANCERS OF VARIOUS AGES AND SKILL LEVELS. WE BELIEVE THAT IMPACTING KIDS WITH ALL ABILITIES AND THEIR FAMILIES WITH POSITIVE AND POWERFUL LIFE LESSONS IS THE MOST EFFECTIVE WAY TO DEVELOP BETTER LEADERS BUILDING STRONGER COMMUNITIES.

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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 $10,943

Program Service Revenue $4,167,464

Investment Income $47,590

Other Revenue $34,681

TOTAL REVENUE $4,260,678

Expense Breakdown

Grants Paid $2,265

Salaries & Benefits $2,822,724

Fundraising Expenses $158

Program Expenses $3,357,440

Other Expenses $1,274,404

TOTAL EXPENSES $4,099,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,260,678	$4,018,782	+0.1%
Expenses	$4,099,393	$3,605,019	+0.1%
Net Income	$161,285	$413,763	-0.6%

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

123

Volunteers

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

$179,839

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID UFHEIL	BOARD PRESIDENT	0.50	Officer Director	$0	$0	$0
JEFF GRIFFING	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ANDREA LEET	SECRETARY	0.50	Officer Director	$0	$0	$0
JENNIFER JACKSON	TREASURER	0.50	Officer Director	$0	$0	$0
MARK KINNEY	DIRECTOR	0.50	Director	$0	$0	$0
PAUL MOON	DIRECTOR	0.50	Director	$0	$0	$0
DINA BARSKY	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER EMERSON	DIRECTOR	0.50	Director	$0	$0	$0
BRITTANY KENNEDY	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL LYNCH	DIRECTOR	0.50	Director	$0	$0	$0
UDAY SHANKAR	DIRECTOR	0.50	Director	$0	$0	$0
MICHAELA CHELBERG	EXECUTIVE DIRECTOR	40.00	Officer	$131,590	$48,249	$179,839

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	$4,260,678	$4,099,393	$5,220,694	$161,285
2024	$4,018,782	$3,605,019	$5,329,080	$413,763
2023	$3,637,862	$3,206,948	$5,116,700	$430,914
2022	$3,206,062	$2,830,395	$4,924,708	$375,667
2021	$2,810,595	$2,481,359	$5,230,056	$329,236
2020	$2,365,941	$2,785,270	$5,014,568	$-419,329
2019	$2,868,835	$3,125,763	$5,318,895	$-256,928
2018	$2,624,400	$2,963,490	$5,711,291	$-339,090

MINNETONKA HOPKINS GYMNASTICS ASSOCIATION