MINNESOTA HOCKEY INC (EIN 411458420) - 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

1947

Legal Domicile

Principal Officer

STEVEN OLEHEISER

Phone

6516025727

Tax Period

2023-09-01 to 2024-08-31

MINNESOTA HOCKEY INC, founded in 1947, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

CREATE A POSITIVE EXPERIENCE SO ALL PARTICIPANTS ENJOY, EXCEL AND DEVELOP A LIFELONG PASSION FOR ICE HOCKEY. PARTNER WITH COMMUNITY ASSOCIATIONS, DISTRICTS, PROGRAMS AND LEAGUES TO PROVIDE LEADERSHIP, STRUCTURE, EDUCATION AND PROGRAMS TO GROW PARTICIPATION AND DEVELOP HOCKEY AND LIFE SKILLS IN A POSITIVE AND SAFE ENVIRONMENT.

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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 $637,706

Program Service Revenue $3,841,216

Investment Income $25,992

Other Revenue $70,299

TOTAL REVENUE $4,575,213

Expense Breakdown

Grants Paid $223,920

Salaries & Benefits $520,461

Fundraising Expenses $29,100

Program Expenses $4,030,340

Other Expenses $4,040,425

TOTAL EXPENSES $4,784,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,575,213	$4,140,084	+0.1%
Expenses	$4,784,806	$4,670,523	+0.0%
Net Income	$-209,593	$-530,439	-0.6%

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

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

$15,650

Total Directors

$16,675

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTONIA GILLEN	DIRECTOR, DIVERSIFIED HOCK	1.00	Director	$0	$0	$0
BRAD HEWITT	DIRECTOR, DISTRICT 6	1.00	Director	$0	$0	$0
BRANDON KOONTZ	DIRECTOR, ADULTS	1.00	Director	$0	$0	$0
COLLEEN DONOVAN	DIRECTOR, DISTRICT 10	1.00	Director	$0	$0	$0
DAVE MARGENAU	PAST PRESIDENT	1.00	Officer Director	$1,000	$0	$1,000
DENNIS BUSHY	DIRECTOR, DISTRICT 15	1.00	Director	$0	$0	$0
DOUG KEPHART	TREASURER	1.00	Officer Director	$0	$0	$0
JEREMY REED	VP, HOCKEY OPERATIONS	1.00	Officer Director	$7,000	$0	$7,000
KENDRA VERBETEN	DIRECTOR, WOMEN	1.00	Director	$0	$0	$0
KEVIN SUOJA	DIRECTOR, DISTRICT 2	1.00	Director	$0	$0	$0
MARK BLAISDELL	DIRECTOR, DISTRICT 9	1.00	Director	$0	$0	$0
MARK ELLIOTT	DIRECTOR, DISTRICT 16	1.00	Director	$0	$0	$0
MIKE PIGMAN	DIRECTOR, DISTRICT 4	1.00	Director	$0	$0	$0
DUSTIN VOGELGSANG	DIRECTOR, H.S. BOYS	1.00	Director	$0	$0	$0
PAUL STEENERSON	DIRECTOR, DISTRICT 3	1.00	Director	$0	$0	$0
CARMEN JOHNSON	SECRETARY	1.00	Officer Director	$7,650	$0	$7,650
RICH RAKNESS	DIRECTOR, DISTRICT 8	1.00	Director	$1,025	$0	$1,025
SCOTT GRAY	VP, MARKETING & COMMUNICAT	1.00	Officer Director	$0	$0	$0
TOD PLACKNER	REFERREE SECTION DIRECTOR	1.00	Director	$0	$0	$0
STEVE GAPINSKI	VP, MAROON COORDINATOR	1.00	Officer Director	$0	$0	$0
STEVE OLEHEISER	PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM MORRIS	DIRECTOR, H.S. GIRLS	1.00	Director	$0	$0	$0
TOM CHRISTENSON	VP, GOLD COORDINATOR	1.00	Officer Director	$0	$0	$0
PAUL KEGTVEDT	DIRECTOR, DISTRICT 1	1.00	Director	$0	$0	$0
NATE WOLD	DIRECTOR, DISTRICT 5	1.00	Director	$0	$0	$0
PETE HILL	DIRECTOR, DISTRICT 11	1.00	Director	$0	$0	$0
MARK STUPAR	DIRECTOR, DISTRICT 12	1.00	Director	$0	$0	$0
JOE DELICH	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
GLEN ANDRESEN	FORMER EXECUTIVE DIRECTOR	40.00		$197,561	$0	$197,561

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	$4,575,213	$4,784,806	$3,439,796	$-209,593
2023	$4,140,084	$4,670,523	$3,311,622	$-530,439
2022	$4,082,199	$3,721,659	$3,623,085	$360,540
2021	$3,271,028	$2,720,221	$3,325,124	$550,807
2020	$1,878,486	$1,988,614	$2,251,872	$-110,128
2019	$3,400,266	$3,376,466	$2,283,547	$23,800
2018	$3,028,487	$2,984,583	$2,281,903	$43,904

MINNESOTA HOCKEY INC