ANOKA, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ANOKA AREA ICE ARENA ASSOCIATION INC, founded in 1981, is a small nonprofit in the Recreation & Sports sector that reported $751K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 36% operating deficit.
PROMOTING YOUTH SKATING, ICE HOCKEY, SOCCER AND LACROSSE PROGRAMS.
ARENA RENTAL - THE ARENA IS RENTED OUT YEAR ROUND TO LOCAL YOUTH HOCKEY ASSOCIATIONS, YOUTH SOCCER ORGANIZATIONS, YOUTH LACROSSE ASSOCIATIONS, AND HIGH SCHOOLS FOR PRACTICE, TRAINING AND GAMES...
ARENA RENTAL - THE ARENA IS RENTED OUT YEAR ROUND TO LOCAL YOUTH HOCKEY ASSOCIATIONS, YOUTH SOCCER ORGANIZATIONS, YOUTH LACROSSE ASSOCIATIONS, AND HIGH SCHOOLS FOR PRACTICE, TRAINING AND GAMES. DURING THE YEAR OVER 3,400 HOURS OF ICE TIME WAS RENTED OUT. OVER 84 HOURS WAS RENTED TO YOUTH LACROSSE.
HIGH SCHOOL GAMES - THE FACILITY HOSTED 19 OF ANOKA HIGH SCHOOL HOCKEY GAMES. THEY WERE ATTENDED BY 4,791 PEOPLE.
SUMMER/FALL LEAGUE - THE ORGANIZATION PROVIDES HOCKEY SKILLS TRAINING AND INSTRUCTION ALONG WITH CONDITIONING TO AREA YOUTH.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $750,821 | $1,117,461 | -0.3% |
| Expenses | $1,023,456 | $939,194 | +0.1% |
| Net Income | $-272,635 | $178,267 | -2.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RICK WESP | DIRECTOR & GAMING ACTIVITI | 40.00 |
Director
|
$97,296 | $10,506 | $107,802 |
| DAVE JOHNSON | PRESIDENT | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELLY FROILAND | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN LICHTER | TREASURER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRYAN TALBOT | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CASSI DOSTERT | DIRECTOR AS OF 06/24/25 | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL BENDISKE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRYAN LINDBERG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DENNIS SAUER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE ANDRELA | DIRECTOR THRU 01/06/2025 | 1.00 |
Director
|
$0 | $0 | $0 |
| JON MANTHEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVE LARSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE SETTERBERG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL TALBOT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHY ZWERDLING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROB SAVINI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHASE MILLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BOB ERICKSON | ARENA MANAGER | 40.00 |
Officer
|
$84,941 | $7,046 | $91,987 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $750,821 | $1,023,456 | $5,448,417 | $-272,635 |
| 2024 | $1,117,461 | $939,194 | $5,627,619 | $178,267 |
| 2023 | $554,459 | $964,603 | $5,365,339 | $-410,144 |
| 2022 | $648,668 | $816,754 | $5,674,560 | $-168,086 |
| 2021 | $609,514 | $575,143 | $2,769,852 | $34,371 |
| 2020 | $639,083 | $696,455 | $1,811,748 | $-57,372 |
| 2019 | $649,373 | $638,802 | $1,776,861 | $10,571 |
Compare ANOKA AREA ICE ARENA ASSOCIATION INC with other nonprofits in Minnesota and across the country.