The Herb Brooks Foundation

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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

1984

Legal Domicile

Phone

6512064039

Tax Period

2024-01-01 to 2024-12-31

The Herb Brooks Foundation, founded in 1984, is a micro nonprofit that reported $79K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $95K exceeded revenue, resulting in a 20% operating deficit.

Mission

GROW THE BASE OF HOCKEY GIVE KIDS A POSITIVE HOCKEY EXPERIENCE AND AN OPPORTUNITY TO LEARN LIFE LESSONS.

Program Service Accomplishments

Program 1

Expenses: $60,178 Revenue: $2,739

RINK RATS PROGRAM: THE RINK RATS PROGRAM IS A LEARN TO SKATE/HOCKEY PROGRAM FOR TWIN CITIES YOUTH WITH REGULAR, POSITIVE ACTIVITY UNDER THE SUPERVISION OF CARING ADULTS. THE PROGRAM ENGAGES YOUTH...

RINK RATS PROGRAM: THE RINK RATS PROGRAM IS A LEARN TO SKATE/HOCKEY PROGRAM FOR TWIN CITIES YOUTH WITH REGULAR, POSITIVE ACTIVITY UNDER THE SUPERVISION OF CARING ADULTS. THE PROGRAM ENGAGES YOUTH THROUGH THE SPORT OF HOCKEY, BY INTRODUCING YOUTH AGES 7 TO 12 YEARS OLD TO THE GAME OF HOCKEY. THE RINK RATS PROGRAM IS A HUGE STEP TOWARDS, AS HERB SAID IT, WIDENING THE PYRAMID. MEANING, THE SPORT OF HOCKEY IS NOT CONSIDERED BY MANY YOUNG PEOPLE BECAUSE OF THE OVER-ORGANIZATION AND EMPHASIS ON ULTRA COMPETITIVE PLAY - ESPECIALLY FOR INNER-CITY YOUTH. THE HERB BROOKS FOUNDATION WANTS TO LET KIDS LIVING IN THE TWIN CITIES REAP THE WONDERFUL BENEFITS OF PLAYING IN A VERY FRIENDLY ENVIRONMENT THAT FOCUSES ON THE POSITIVE DEVELOPMENT OF THE YOUTH.

Program 2

THE HERB BROOKS HOCKEY CLINIC: THE H B HOCKEY CLINIC PROVIDES OPPORTUNITIES FOR EXISTING INNER CITY PLAYERS TO RECEIVE THE HIGHEST QUALITY INSTRUCTION AT THE HBTC AT NO COST TO PLAYERS OR...

THE HERB BROOKS HOCKEY CLINIC: THE H B HOCKEY CLINIC PROVIDES OPPORTUNITIES FOR EXISTING INNER CITY PLAYERS TO RECEIVE THE HIGHEST QUALITY INSTRUCTION AT THE HBTC AT NO COST TO PLAYERS OR ORGANIZATIONS. ONE 2 HOUR SESSION PER WEEK OF SKILL DEVELOPMENT TRAINING AT THE HBTC & HERB BROOKS RINK IF PROVIDED AT NO COST TO THE PLAYERS. THIS PROGRAM COVERS 4 WEEKS AND INCLUDES APPORXIMATELY 100 SKATERS. ELEMENTARY SKATING PROGRAM: THIS PROGRAM RUNS FOR 4 WEEKS STARTING ON OR ABOUT THE END OF MARCH AND GOES FOR 4 WEEKS. THIS IS AN EXTENSION OF THE RICK RATS PROGRAM FOR THE BOYS AND GIRLS THAT ATTEND SEWARD ELEMENTARY SCHOOL. THE ON ICE PROGRAM IS DIRECTED BY THE COACHING STAFF AT AUGSBURG COLLEGE AND THE STUDENTS ARE TRANSPORTED TO AND FROM SEWARD TO AUGSBURG VIA MORRIE'S AUTOMOTIVE GROUP VANS.

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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 $62,306

Program Service Revenue $2,739

Investment Income $0

Other Revenue $14,244

TOTAL REVENUE $79,289

Expense Breakdown

Grants Paid $12,500

Salaries & Benefits $16,900

Fundraising Expenses $0

Program Expenses $60,178

Other Expenses $65,484

TOTAL EXPENSES $94,884

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,289	$85,251	-0.1%
Expenses	$94,884	$125,395	-0.2%
Net Income	$-15,595	$-40,144	-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

N/A

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
Kelly Paradise	Executive Dir.	10.00	Officer Director	$0	$0	$0
Olivia Paradise	Treasurer	10.00	Officer Director	$0	$0	$0
Bill Weller	Director	1.00	Director	$0	$0	$0
Bryan Zollman	Director	1.00	Director	$0	$0	$0
Wayne Peterson	Director	1.00	Director	$0	$0	$0
Tommy Paradise	Director	1.00	Director	$0	$0	$0
Joe Paradise	Director	1.00	Director	$0	$0	$0
Winny Brodt	Director	1.00	Director	$0	$0	$0
Ross Bernstein	President	10.00		$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	$79,289	$94,884	$673,200	$-15,595
2023	$85,251	$125,395	$690,370	$-40,144
2022	$244,087	$218,338	$758,161	$25,749
2021	$333,728	$204,347	$809,031	$129,381
2020	$235,267	$164,131	$788,913	$71,136
2019	$320,799	$212,028	$814,101	$108,771
2018	$233,674	$203,207	$806,788	$30,467