HEART OF AMERICA REGION VOLLEYBALL ASSOCIATION (EIN 431421523) - 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

1982

Legal Domicile

Principal Officer

ALBERT WAMELINK

Phone

9132330445

Tax Period

2024-07-01 to 2025-06-30

HEART OF AMERICA REGION VOLLEYBALL ASSOCIATION, founded in 1982, is a community nonprofit in the Recreation & Sports sector that reported $3.0M in total revenue in fiscal year 2024. Expenses of $2.6M left a modest 12% surplus.

Mission

THE MISSION OF HEART OF AMERICA VOLLEYBALL IS TO PROMOTE AND GROW THE SPORT OF VOLLEYBALL AT ALL AGES AND SKILL LEVELS.

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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 $3,500

Program Service Revenue $2,899,058

Investment Income $48,086

Other Revenue $50,832

TOTAL REVENUE $3,001,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $478,745

Fundraising Expenses $0

Program Expenses $2,282,500

Other Expenses $2,151,126

TOTAL EXPENSES $2,629,871

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,001,476	$2,860,701	+0.0%
Expenses	$2,629,871	$2,587,461	+0.0%
Net Income	$371,605	$273,240	+0.4%

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

$183,036

Total Directors

$96,678

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT WAMELINK	PRESIDENT	40.00	Officer	$96,741	$5,643	$102,384
KYLA MAJORS	VICE-PRESIDE	40.00	Officer	$58,325	$7,997	$66,322
RIC WASHBURN	OFFICIALS CH	2.00	Director	$32,143	$0	$32,143
LISA MADSEN	COMMISSIONER	2.00	Director	$22,640	$0	$22,640
ALEXI KEATING	AT LARGE MEM	2.00	Director	$17,219	$0	$17,219
LISA KRESHA	TREASURER	4.00	Officer Director	$13,540	$0	$13,540
RYAN LACSON	VICE COMMISS	2.00	Director	$8,812	$0	$8,812
BRAD BEACH	MEMBER	2.00	Director	$855	$0	$855
D'ANNE CARNAHAN	SECRETARY	2.00	Officer Director	$790	$0	$790
KAILEY BRIDGES	JR PLAYER DE	2.00	Director	$679	$0	$679
DIANE ALLEN	MEMBER	2.00	Director	$0	$0	$0
MIKE ENTZ	LEGAL COUNSE	2.00	Director	$0	$0	$0
SCOTT GUERRERO	BOYS DEVELP	2.00	Director	$0	$0	$0
KATHY HUNTER	AT LARGE MEM	2.00	Director	$0	$0	$0
DENNIS JACKSON	AT LARGE MEM	2.00	Director	$0	$0	$0
MADELINE MCCUBBIN	MEMBER	2.00	Director	$0	$0	$0
SAM SOLIDAY	JR PLAYERS C	2.00	Director	$0	$0	$0
TERRY WRIGHT SR	ADULT PLAYER	2.00	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	$3,001,476	$2,629,871	$4,261,109	$371,605
2024	$2,860,701	$2,587,461	$3,877,883	$273,240
2023	$2,519,879	$2,205,000	$3,581,008	$314,879
2022	$2,470,881	$1,981,603	$3,272,236	$489,278
2021	$1,597,523	$1,356,514	$2,804,918	$241,009
2020	$1,701,342	$1,763,833	$2,466,507	$-62,491
2019	$2,434,311	$2,257,853	$2,587,838	$176,458

HEART OF AMERICA REGION VOLLEYBALL ASSOCIATION