FARIBAULT HOCKEY ASSOCIATION % RICK CARON (EIN 411568271) - 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

1971

Legal Domicile

Principal Officer

BRIAN MORTENSON

Phone

5073327458

Tax Period

2023-07-01 to 2024-06-30

FARIBAULT HOCKEY ASSOCIATION % RICK CARON, founded in 1971, is a small nonprofit in the Recreation & Sports sector that reported $356K in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $503K exceeded revenue, resulting in a 41% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO MANAGE AND RUN A HOCKEY PROGRAM FOR THE FARIBAULT AREA YOUTH THAT FOCUSES ON TEACHING THE FUNDAMENTALS AND SKILLS OF 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 $112,932

Program Service Revenue $232,146

Investment Income $9,486

Other Revenue $1,277

TOTAL REVENUE $355,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $497,910

Other Expenses $503,043

TOTAL EXPENSES $503,043

Year-over-Year Comparison

	2023	2022	Change
Revenue	$355,841	$212,068	+0.7%
Expenses	$503,043	$225,193	+1.2%
Net Income	$-147,202	$-13,125	+10.2%

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

295

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

$8,515

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK CARON	GAMBLING MAN	10.00	Director	$8,515	$0	$8,515
CARISSA ALLEN	CONCESSIONS	2.00	Director	$0	$0	$0
JANINE BRADY	DIBS COORDIN	2.00	Director	$0	$0	$0
BRITA BRAGNALO	SOCIAL MEDIA	2.00	Director	$0	$0	$0
BEN CARON	TOURNAMENT C	2.00	Director	$0	$0	$0
JAKE DICKISON	BOYS HS COAC	10.00	Director	$0	$0	$0
MATTHEW DREVLOW	LEAGUE REP	2.00	Director	$0	$0	$0
TOINETTE GLIEM	REGISTRAR	2.00	Director	$0	$0	$0
JASON GOODWIN	RECRUITMENT	2.00	Director	$0	$0	$0
PAUL ISAACSON	FUNDRAISING	2.00	Director	$0	$0	$0
CASSY KLUMB	SECRETARY	2.00	Officer Director	$0	$0	$0
BRIAN MORTENSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANDREA MOYER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
AMANDA REED	GIRLS HS COA	10.00	Director	$0	$0	$0
ASHLEY RELLER	TREASURER	2.00	Officer 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
2025	No data	No data	No data	No data
2024	$355,841	$503,043	$245,987	$-147,202
2023	$212,068	$225,193	$277,386	$-13,125
2022	$264,143	$206,330	$276,321	$57,813
2021	$242,672	$152,632	$252,463	$90,040
2020	$180,158	$216,635	$136,682	$-36,477
2019	$212,486	$198,309	$173,159	$14,177
2018	$202,577	$208,356	$158,019	$-5,779

FARIBAULT HOCKEY ASSOCIATION % RICK CARON