WACONIA HOCKEY ASSOCIATION

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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

1996

Legal Domicile

Principal Officer

LUKE HENNING

Phone

6129632523

Tax Period

2024-05-01 to 2025-04-30

WACONIA HOCKEY ASSOCIATION, founded in 1996, is a small nonprofit in the Recreation & Sports sector that reported $510K in total revenue in fiscal year 2024. Expenses of $438K left a modest 14% surplus.

Mission

TO PROMOTE AND DEVELOP YOUTH ICE HOCKEY WITHIN THE SURROUNDING COMMUNITIES OF WACONIA BY PROVIDING A HIGH-QUALITY, SAFE AND FUN HOCKEY PROGRAM FOR ALL PARTICIPANTS.

Program Service Accomplishments

Program 1

Expenses: $435,909 Revenue: $379,220

THE DEVELOPMENT AND SUPPORT OF YOUTH HOCKEY SKILLS AND SPORTSMANSHIP. APPROXIMATELY 217 CHILDREN ARE INVOLVED. THEY PARTICIPATE IN BANTUMS DOWN TO TERMITES (PRE-K). COMPETITIVE TEAMS PLAY 3-4...

THE DEVELOPMENT AND SUPPORT OF YOUTH HOCKEY SKILLS AND SPORTSMANSHIP. APPROXIMATELY 217 CHILDREN ARE INVOLVED. THEY PARTICIPATE IN BANTUMS DOWN TO TERMITES (PRE-K). COMPETITIVE TEAMS PLAY 3-4 TOURNAMENTS THROUGHOUT EACH SEASON. NON-COMPETITIVE TEAMS ARE IN AN END OF YEAR JAMBOREE. WE ALSO INTRODUCE KIDS (BOYS AND GIRLS) TO HOCKEY THROUGH OUR ROOKIE CAMP PROGRAM, WHICH IS OFFERED FREE TO NEW PLAYERS.

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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 $57,973

Program Service Revenue $379,220

Investment Income $634

Other Revenue $72,019

TOTAL REVENUE $509,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $435,909

Other Expenses $438,281

TOTAL EXPENSES $438,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$509,846	$514,622	0.0%
Expenses	$438,281	$523,522	-0.2%
Net Income	$71,565	$-8,900	-9.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUKE HENNING	PRESIDENT	5.00	Officer	$0	$0	$0
MATT BOYUM	VICE PRESIDE	1.00	Officer	$0	$0	$0
PHIL HEDLOF	TREASURER	5.00	Officer	$0	$0	$0
SARAH FRANK	SECRETARY	1.00	Officer	$0	$0	$0
PAUL HENN	GIRLS COORDI	5.00	Director	$0	$0	$0
RYAN SHERLOCK	FUNDRAISING	2.00	Director	$0	$0	$0
LISA ABERNATHY	COMMUNICATIO	1.00	Director	$0	$0	$0
KIM FUNK	OPERATIONS D	1.00	Director	$0	$0	$0
MATT HUPILA	HOCKEY DEVEL	5.00	Director	$0	$0	$0
BUCK GEEHAN	HOCKEY DEVEL	5.00	Director	$0	$0	$0
JOHN ANDREWS	MITE DIRECTO	5.00	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	$509,846	$438,281	$291,474	$71,565
2024	$514,622	$523,522	$219,200	$-8,900
2023	$527,867	$528,879	$224,981	$-1,012
2022	$487,193	$462,342	$252,348	$24,851
2021	$450,855	$426,911	$358,438	$23,944
2020	$453,107	$434,839	$391,034	$18,268
2019	$398,509	$424,673	$404,075	$-26,164