PORTMAN RECREATION ASSOCIATION

EIN: 411299826 501(c)(3)

DULUTH, MN

Total Revenue
$87,850
Total Expenses
$51,690
Total Assets
$117,405
Net Assets
$117,405
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
MN
Principal Officer
PHIL OLSON
Phone
2185253560
Tax Period
2025-04-01 to 2026-03-31

PORTMAN RECREATION ASSOCIATION is a micro nonprofit that reported $88K in total revenue in fiscal year 2025. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 41% operating margin.

Mission

PROVIDE OPPORTUNITY FOR LOCAL YOUTH TO LEARN AND PLAY ORGANIZED HOCKEY.

Program Service Accomplishments

Program 1
Expenses: $51,291

PROVIDE YOUTH HOCKEY EXPERIENCE AND TRAINING FOR OVER 120 BOYS AND GIRLS IN THE LOCAL COMMUNITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $36,945
Program Service Revenue $29,600
Investment Income $15
Other Revenue $21,290
TOTAL REVENUE $87,850

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $51,291
Other Expenses $51,690
TOTAL EXPENSES $51,690

Year-over-Year Comparison

2025 2024 Change
Revenue $87,850 $71,284 +0.2%
Expenses $51,690 $74,111 -0.3%
Net Income $36,160 $-2,827 -13.8%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
17
Independent Members
17
Employees
1
Volunteers
75

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
3
$0
Total Directors
17
$18,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARANDA EVERSON GAMBLING MAN 15.00
Director
$18,200 $0 $18,200
SETH AMADIO BOARD 1.00
Director
$0 $0 $0
STEPH APPLEBY VICE PRESIDE 1.00
Director
$0 $0 $0
EMILY BELLAMY BOARD 1.00
Director
$0 $0 $0
JODI FISHER BOARD 1.00
Director
$0 $0 $0
NIKI GAGNON BOARD 1.00
Director
$0 $0 $0
JARED HARTMAN TREASURER 1.00
Officer Director
$0 $0 $0
JENNIE KOELLING BOARD 1.00
Director
$0 $0 $0
ARNIE LAPLANTE BOARD 1.00
Director
$0 $0 $0
JENNIFER LOVELY BOARD 1.00
Director
$0 $0 $0
SAM MADDY BOARD 1.00
Director
$0 $0 $0
TRAVIS MCCLAREY BOARD 1.00
Director
$0 $0 $0
PHIL OLSON PRESIDENT 1.00
Officer Director
$0 $0 $0
RYAN REEDY BOARD 1.00
Director
$0 $0 $0
BRETT SOLOMON BOARD 1.00
Director
$0 $0 $0
ALLISON SPOEILHOF SECRETARY 1.00
Officer Director
$0 $0 $0
LINDSAY TOUSIGNANT BOARD 1.00
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
2026 $87,850 $51,690 $117,405 $36,160
2025 No data No data No data No data
2024 $93,931 $91,747 $84,072 $2,184
2023 $138,636 $94,331 $81,888 $44,305
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