LAKES AREA HOCKEY ASSOCIATION (EIN 421512329) - 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

2001

Legal Domicile

Principal Officer

MICHAEL MEYERS

Phone

7123391845

Tax Period

2024-01-01 to 2024-12-31

LAKES AREA HOCKEY ASSOCIATION, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $299K in total revenue in fiscal year 2024. Expenses of $338K exceeded revenue, resulting in a 13% operating deficit.

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.

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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 $78,516

Program Service Revenue $220,744

Investment Income $0

Other Revenue $0

TOTAL REVENUE $299,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,207

Fundraising Expenses $0

Program Expenses $172,335

Other Expenses $335,031

TOTAL EXPENSES $338,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,260	$304,805	0.0%
Expenses	$338,238	$323,478	+0.0%
Net Income	$-38,978	$-18,673	+1.1%

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
SCOTT BRADHAM	PRESIDENT	Officer Director	$0	$0	$0
MITCH BEDGLEY	DIRECTOR	Director	$0	$0	$0
MICHAEL MEYERS	DIRECTOR	Director	$0	$0	$0
BEN RAVELING	DIRECTOR	Director	$0	$0	$0
NATE EWALT	Vice President	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
BRAD SHUMWAY	Director	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
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

LAKES AREA HOCKEY ASSOCIATION