SLEEPY EYE ARENA ASSOCIATION INC

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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

1991

Legal Domicile

Principal Officer

TERRY HEIDERSCHEIDT

Phone

5077945406

Tax Period

2024-09-01 to 2025-08-31

SLEEPY EYE ARENA ASSOCIATION INC, founded in 1991, is a small nonprofit that reported $231K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88K, a strong 38% operating margin.

Mission

TO PROVIDE AND MAINTAIN AN ICE ARENA FOR THE HOCKEY AND FIGURE SKATING YOUTH OF THE COMMUNITY AND SURROUNDING AREA AND TO PROVIDE A BUILDING FOR OTHER VARIOUS COMMUNITY EVENTS AND SCHOOL RELATED ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $114,818 Revenue: $73,106

THE ASSOCIATION MAINTAINS THE ARENA FOR BOTH ICE AND DRY FLOOR ACTIVITIES THROUGHOUT THE YEAR. IN ADDITION TO HOCKEY AND FIGURE SKATING PRACTICES AND EVENTS, THE ARENA IS ALSO OPEN TO THE GENERAL...

THE ASSOCIATION MAINTAINS THE ARENA FOR BOTH ICE AND DRY FLOOR ACTIVITIES THROUGHOUT THE YEAR. IN ADDITION TO HOCKEY AND FIGURE SKATING PRACTICES AND EVENTS, THE ARENA IS ALSO OPEN TO THE GENERAL PUBLIC FOR OPEN SKATING AND ALSO HOSTED NUMEROUS OTHER FLOOR SHOWS AND EVENTS DURING THE YEAR.

Program 2

Expenses: $27,196

FUNDS WERE GRANTED TO THE NEW ULM/SLEEPY EYE HOCKEY ASSOCIATION IN FUTHERANCE OF THEIR EXEMPT PURPOSE.

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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 $2,950

Program Service Revenue $73,106

Investment Income $7,811

Other Revenue $147,498

TOTAL REVENUE $231,365

Expense Breakdown

Grants Paid $27,196

Salaries & Benefits $28,149

Fundraising Expenses $0

Program Expenses $142,014

Other Expenses $87,566

TOTAL EXPENSES $142,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,365	$181,427	+0.3%
Expenses	$142,911	$135,790	+0.1%
Net Income	$88,454	$45,637	+0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TROY ALTMANN	DIRECTOR	1.00	Director	$0	$0	$0
TOBY ARNESON	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON HAVEMEIER	DIRECTOR	1.00	Director	$0	$0	$0
BILL HELGET	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
JODY BELTZ	TREASURER	3.00	Officer Director	$0	$0	$0
SAM HEIDERSCHEIDT	SECRETARY	2.00	Officer Director	$0	$0	$0
TERRY HEIDERSCHEIDT	PRESIDENT	2.00	Officer Director	$0	$0	$0
LARRY PELZEL	VICE PRESIDENT	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	$231,365	$142,911	$964,239	$88,454
2024	$181,427	$135,790	$672,873	$45,637
2023	$163,273	$150,089	$637,231	$13,184
2022	$202,844	$133,518	$652,493	$69,326
2021	$159,863	$113,281	$602,498	$46,582
2020	$127,574	$139,699	$577,026	$-12,125
2019	$142,090	$135,526	$610,463	$6,564
2018	$135,996	$110,410	$630,522	$25,586