Baudette Area Arena Association (EIN 411304395) - Form 990 Financial Analysis & Trantor Score

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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

1966

Legal Domicile

Principal Officer

Larry Sipe

Phone

2186343403

Tax Period

2024-06-01 to 2025-05-31

Baudette Area Arena Association, founded in 1966, is a small nonprofit in the Recreation & Sports sector that reported $420K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $368K left a modest 12% surplus.

Mission

To Promote youth and adult health and recreation activities

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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 $221,425

Program Service Revenue $171,029

Investment Income $3,247

Other Revenue $23,986

TOTAL REVENUE $419,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,638

Fundraising Expenses $0

Program Expenses $368,222

Other Expenses $311,584

TOTAL EXPENSES $368,222

Year-over-Year Comparison

	2024	2023	Change
Revenue	$419,687	$278,803	+0.5%
Expenses	$368,222	$420,178	-0.1%
Net Income	$51,465	$-141,375	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Schultz	President	2.00	Officer	$0	$0	$0
Barry Westerlund	V. President	2.00	Officer	$0	$0	$0
John Sonstegard	Secretary-Treasurer	2.00	Officer	$0	$0	$0
Elaine Johnson	Recording Secretary	2.00	Officer	$0	$0	$0
Kevin Pieper	Director	2.00	Officer	$0	$0	$0
Keith Block	Director	2.00	Officer	$0	$0	$0
Ned LaValla	Director	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
2025	$419,687	$368,222	$1,222,488	$51,465
2024	$278,803	$420,178	$913,360	$-141,375
2023	$272,969	$386,023	$1,055,173	$-113,054
2022	$348,417	$329,669	$1,173,458	$18,748
2021	$258,832	$303,614	$1,159,367	$-44,782
2020	$271,450	$360,914	$1,194,163	$-89,464
2019	$256,318	$364,384	$1,289,700	$-108,066
2018	$230,616	$301,189	$1,394,622	$-70,573

Baudette Area Arena Association