MINNESOTA SPORTS FEDERATION INC

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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

1982

Legal Domicile

Principal Officer

PERRY COONCE

Phone

6514513140

Tax Period

2023-11-01 to 2024-10-31

MINNESOTA SPORTS FEDERATION INC, founded in 1982, is a small nonprofit that reported $273K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $248K left a modest 9% surplus.

Mission

MANAGEMENT AND CONDUCT RELATED TO RECREATIONAL SPORTS ACTIVITES. PROVISION OF SERVICES AND PRODUCTS TO MEMBERS TO ALLOW THEM TO FULLY ENJOY RECREATIONAL SPORTS.

Program Service Accomplishments

Program 1

Expenses: $245,795 Revenue: $268,204

WE MANAGE RECREATIONAL AMATEUR SPORTING AND EDUCATIONAL ACTIVITIES AND TOURNAMENTS TO FOSTER AMATEUR SPORTS COMPETITION AND ACHIEVEMENTS, AND ENCOURAGE EXERCISE AND PARTICIPATION IN PHYSICAL FITNESS.

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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 $750

Program Service Revenue $261,393

Investment Income $1,054

Other Revenue $9,667

TOTAL REVENUE $272,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,959

Fundraising Expenses $0

Program Expenses $245,795

Other Expenses $243,282

TOTAL EXPENSES $248,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,864	$213,351	+0.3%
Expenses	$248,241	$253,620	0.0%
Net Income	$24,623	$-40,269	-1.6%

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

Volunteers

N/A

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

$4,615

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MCRAITH	PRESIDENT	3.00	Officer	$0	$0	$0
RICH RAKNESS	VICE PRESIDE	1.00	Officer	$0	$0	$0
PERRY COONCE	EXEC DIRECTO	1.00	Officer	$4,615	$0	$4,615
DENNIS KENNING	BOARD OF DIR	1.00	Director	$0	$0	$0
DUKE WEISBROD	BOARD OF DIR	1.00	Director	$0	$0	$0
KEVIN VOLTIN	BOARD OF DIR	1.00	Director	$0	$0	$0
PAUL GOEBEL	BOARD OF DIR	1.00	Director	$0	$0	$0
DAVID LONG	BOARD OF DIR	1.00	Director	$0	$0	$0
GARY MCCARNEY	MEMBER AT LA	1.00	Director	$0	$0	$0
MATT CHRISTENSON	MEMBER AT LA	1.00	Director	$0	$0	$0
CRAIG ZYLKA	BOARD OF DIR	1.00	Director	$0	$0	$0
DAN BRADLEY	BOARD OF DIR	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
2024	$272,864	$248,241	$44,617	$24,623
2023	$213,351	$253,620	$19,874	$-40,269
2022	$255,890	$300,098	$60,643	$-44,208
2021	$191,316	$182,910	$91,867	$8,406
2020	$159,822	$277,693	$86,801	$-117,871
2018	$312,612	$300,528	$22,723	$12,084