INTL FALLS RECREATION HOCKEY ASSOCIATION (EIN 411714140) - 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

1989

Legal Domicile

Principal Officer

JOSH GLASHAUKAS

Phone

2183416544

Tax Period

2024-07-01 to 2025-06-30

INTL FALLS RECREATION HOCKEY ASSOCIATION, founded in 1989, is a small nonprofit that reported $183K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $227K exceeded revenue, resulting in a 24% operating deficit.

Mission

PROVIDE AN ENJOYABLE INTRODUCTION AND EXPERIENCE TO ICE HOCKEY AND ENCOURAGE EVERY PLAYER TO CONTINUE PLAYING 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 (2024)

Revenue Breakdown

Contributions & Grants $40,000

Program Service Revenue $136,398

Investment Income $6,704

Other Revenue $-25

TOTAL REVENUE $183,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,520

Fundraising Expenses $0

Program Expenses $221,712

Other Expenses $218,204

TOTAL EXPENSES $226,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$183,077	$236,013	-0.2%
Expenses	$226,724	$125,652	+0.8%
Net Income	$-43,647	$110,361	-1.4%

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

$2,800

Total Directors

$2,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARED BALDWIN	TREASURER	2.00	Officer Director	$2,800	$0	$2,800
DEREK BILBEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MIKE BODNARCHUK	DIRECTOR	1.00	Director	$0	$0	$0
ADAM CLAYBUNDY	DIRECTOR	1.00	Director	$0	$0	$0
JOSH GLASHAUKAS	PRESIDENT	2.00	Officer Director	$0	$0	$0
TAWNA HILFER	DIRECTOR	1.00	Director	$0	$0	$0
JERAD KOSTIUK	DIRECTOR	1.00	Director	$0	$0	$0
LEIF LARSEN	DIRECTOR	1.00	Director	$0	$0	$0
BRENT OLSON	SECRETARY	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	$183,077	$226,724	$399,683	$-43,647
2024	$236,013	$125,652	$442,801	$110,361
2023	$235,084	$195,913	$332,642	$39,171
2022	$170,914	$56,923	$293,471	$113,991
2021	$33,457	$58,575	$179,480	$-25,118

INTL FALLS RECREATION HOCKEY ASSOCIATION