LAKES AREA 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

2001

Legal Domicile

Principal Officer

MICHAEL MEYERS

Phone

7123391845

Tax Period

2025-01-01 to 2025-12-31

LAKES AREA HOCKEY ASSOCIATION, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $346K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $1.6M represent 56 months of operating reserves.

Mission

THE MISSION OF THE LAKES AREA HOCKEY ASSOCIATION IS TO CREATE, NURTURE, AND SUSTAIN ICE-RELATED SPORTS AND RECREATION PROGRAMS THAT TEACH AND IMPROVE SKILLS; FOSTER SPORTSMANSHIP, TEAMWORK, AND ENJOYMENT; AND IMPROVE FITNESS. THESE PROGRAMS ARE FINANCIALLY ACCESSIBLE AND MEET THE NEEDS AND INTERESTS OF PARTICIPANTS OF ALL AGES AND SKILL LEVELS THROUGHT THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $191,954 Revenue: $251,464

ICE RELATED SPORTS AND RECREATION PROGRAMS THAT TEACH & IMPROVE SKILLS, FOSTER SPORTSMANSHIP, TEAMWORK, ENJOYMENT, AND IMPROVE FITNESS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $82,850

Program Service Revenue $251,464

Investment Income $12,000

Other Revenue $0

TOTAL REVENUE $346,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,626

Fundraising Expenses $0

Program Expenses $191,954

Other Expenses $372,860

TOTAL EXPENSES $379,486

Year-over-Year Comparison

	2025	2024	Change
Revenue	$346,314	$299,260	+0.2%
Expenses	$379,486	$338,238	+0.1%
Net Income	$-33,172	$-38,978	-0.1%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
KRISTIN HANSON	Director	Officer Director	$0	$0	$0
CASSIDY HOWARD	DIRECTOR	Director	$0	$0	$0
MICHAEL MEYERS	President	Director	$0	$0	$0
BEN RAVELING	Vice President	Director	$0	$0	$0
MARK MAEYAERT	DIRECTOR	Officer Director	$0	$0	$0
GREG STAFFORD	DIRECTOR	Director	$0	$0	$0
DAN MENOUGH	Treasurer	Officer Director	$0	$0	$0
ALLISON WORRELL	Secretary	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	$346,314	$379,486	$1,625,010	$-33,172
2024	$299,260	$338,238	$1,653,334	$-38,978
2023	$304,805	$323,478	$1,704,964	$-18,673
2022	$283,787	$357,845	$1,713,234	$-74,058
2021	$295,197	$302,612	$1,798,644	$-7,415
2020	$247,650	$265,004	$1,794,486	$-17,354
2019	$740,607	$269,607	$1,817,419	$471,000
2018	$238,437	$328,728	$1,692,145	$-90,291