HERMANTOWN ARENA BOARD

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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

1999

Legal Domicile

Principal Officer

JASON CARLSON

Phone

2187295493

Tax Period

2024-07-01 to 2025-06-30

HERMANTOWN ARENA BOARD, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $832K in total revenue in fiscal year 2024.

Mission

PROMOTION OF ICE SKATING AND ICE HOCKEY.

Program Service Accomplishments

Program 1

Expenses: $767,053 Revenue: $761,213

PROMOTION OF ICE SKATING AND ICE HOCKEY AS DEVELOPMENTAL AND FAMILY- ORIENTED SPORTS THROUGH EDUCATION, COMPETITION, INSTRUCTIONS, AND THE PROVISION AND OPERATION OF FACILITIES FOR THOSE ACTIVITIES. THE FACILITIES ARE NOT SEASONAL AND ARE OPEN MORE THAN 350 DAYS TO ACCOMPLISH THEIR 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 $0

Program Service Revenue $761,213

Investment Income $0

Other Revenue $70,492

TOTAL REVENUE $831,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $271,900

Fundraising Expenses $8,337

Program Expenses $767,053

Other Expenses $559,805

TOTAL EXPENSES $831,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$831,705	$796,269	+0.0%
Expenses	$831,705	$796,269	+0.0%
Net Income	$0	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON CARLSON	CHAIR	1.00	Officer Director	$0	$0	$0
CORY MIDDLETON	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
MATT CHRISTY	DIRECTOR	1.00	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	$831,705	$831,705	$361,112	No data
2024	$796,269	$796,269	$334,624	No data
2023	$730,266	$730,266	$263,905	No data
2022	$736,991	$736,991	$328,983	No data
2021	$620,767	$620,767	$202,698	No data
2020	$596,280	$596,280	$161,186	No data
2019	$638,278	$638,278	$169,068	No data
2018	$600,892	$600,892	$163,221	No data