GOLDEN VALLEY SPORTS INC

EIN: 411656758 501(c)(3)

PLYMOUTH, MN

Total Revenue
$72,523
Total Expenses
$85,491
Total Assets
$28,658
Net Assets
$28,658
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MN
Principal Officer
KRISTINE ERICKSON
Phone
7635571029
Tax Period
2023-01-01 to 2023-12-31

GOLDEN VALLEY SPORTS INC, founded in 1987, is a micro nonprofit that reported $73K in total revenue in fiscal year 2023. Expenses of $85K exceeded revenue, resulting in a 18% operating deficit.

Mission

AN INDEPENDENT, VOLUNTEER ORGANIZATION TO PROVIDE AN INSTRUCTIONAL, SOFTBALL PROGRAM FOR THE GIRLS WHO LIVE IN THE CITY OF GOLDEN VALLEY AND NEARBY SUBURBS. THE PROGRAM IS FOR THE ENJOYMENT OF THE PARTICIPANTS AND TO ENHANCE THEIR SKILLS IN THE FUNDAMENTALS OF SOFTBALL. ADDITIONAL PURPOSES ARE TO INSTILL IN THE GIRLS THE IDEALS OF GOOD SPORTMANSHIP: TO PROMOTE PHYSICAL AND MAENTALDEVELOPMENT: AND TO PROMOTE GOOD CHARACTER AND CITIZENSHIP. IN ADDITION THE CORPORATION SHALL RECEIVE AND ADMINISTER FUNDS FOR THE PROMOTION OF THE GAME OF SOFTBALL AND OTHER EDUCATIONAL AND CHARITABLE PURPOSES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $64,154
Investment Income $0
Other Revenue $8,369
TOTAL REVENUE $72,523

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $85,491
Other Expenses $85,491
TOTAL EXPENSES $85,491

Year-over-Year Comparison

2023 2022 Change
Revenue $72,523 $67,722 +0.1%
Expenses $85,491 $59,920 +0.4%
Net Income $-12,968 $7,802 -2.7%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTINE ERICKSON TREASURER N/A
Officer
$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 No data No data No data No data
2023 $72,523 $85,491 $28,658 $-12,968
2022 $67,722 $59,920 No data $7,802
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