GRAND RAPIDS AMATEUR HOCKEY ASSOC INC (EIN 411353675) - 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

1964

Legal Domicile

Principal Officer

JON TOIVONEN

Phone

2182594668

Tax Period

2023-07-01 to 2024-06-30

GRAND RAPIDS AMATEUR HOCKEY ASSOC INC, founded in 1964, is a small nonprofit in the Recreation & Sports sector that reported $645K in total revenue in fiscal year 2023. Expenses of $796K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO ENCOURAGE "FUN & DEVELOPMENT AND IMPROVE THE STANDARDS OF ICE HOCKEY IN THE GRAND RAPIDS AREA; TO CONDUCT HOCKEY GAMES AND TOURNAMENTS AND TO SELECT REPRESENTATIVES OF TEAMS TO PARTICIPATE IN TOURNAMENTS; TO ASSOCIATE WITH OTHER HOCKEY ASSOCIATIONS; TO DO ANY AND ALL ACTS NECESSARY OR DESIRABLE TO CREATE MORE INTEREST IN AMATEUR HOCKEY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,742

Program Service Revenue $191,065

Investment Income $98

Other Revenue $441,712

TOTAL REVENUE $644,617

Expense Breakdown

Grants Paid $396,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $730,450

Other Expenses $399,992

TOTAL EXPENSES $795,992

Year-over-Year Comparison

	2023	2022	Change
Revenue	$644,617	$629,894	+0.0%
Expenses	$795,992	$675,934	+0.2%
Net Income	$-151,375	$-46,040	+2.3%

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

350

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
BRAD HYDUKE	Director	1.00	Director	$0	$0	$0
MITCH KELLIN	Director	1.00	Director	$0	$0	$0
RYAN DEKICH	Director	1.00	Director	$0	$0	$0
DAN MERTES	Director	1.00	Director	$0	$0	$0
BRIAN ANDERSON	Director	1.00	Director	$0	$0	$0
GRANT CLAFTON	Director	1.00	Director	$0	$0	$0
JON TOIVONEN	President	1.00	Officer	$0	$0	$0
SHAWNNA RUDE	Secretary	1.00	Officer	$0	$0	$0
ANDY HAARKLAU	Vice President	1.00	Officer	$0	$0	$0
ANNA PETERS	Treasurer	1.00	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	No data	No data	No data	No data
2024	$644,617	$795,992	$576,021	$-151,375
2023	$629,894	$675,934	$727,395	$-46,040
2022	$729,739	$523,138	$788,964	$206,601
2021	$585,022	$258,228	$550,092	$326,794
2020	$505,075	$622,737	$370,691	$-117,662
2019	$491,794	$437,638	$340,903	$54,156

GRAND RAPIDS AMATEUR HOCKEY ASSOC INC