MINOT HOCKEY BOOSTERS INC

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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

1972

Legal Domicile

Principal Officer

CHAD THOMPSON

Phone

7018526214

Tax Period

2024-05-01 to 2025-04-30

MINOT HOCKEY BOOSTERS INC, founded in 1972, is a community nonprofit in the Recreation & Sports sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $1.1M, a strong 50% operating margin.

Mission

TO PROMOTE SKATING AND HOCKEY; TO PROMOTE GOOD SPORTSMANSHIP; TO PROMOTE A BETTER UNDERSTANDING OF HOCKEY; TO ENCOURAGE PARTICIPATION, SUPPORT AND ATTENDANCE AT HOCKEY GAMES AND EVENTS, PARTICULARLY BY THE YOUNG PEOPLE IN MINOT, NORTH DAKOTA; AND, TO PROMOTE MINOT AS THE WINTER SPORTS CENTER OF NORTHWESTERN NORTH DAKOTA.

Program Service Accomplishments

Program 1

Expenses: $959,871 Revenue: $301,296

TO PROMOTE YOUTH HOCKEY BY ORGANIZING LEAGUES, PROVIDING RINKS AND ARENA FACILITIES, COACHES, REFEREES AND EQUIPMENT.

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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 $4,536

Program Service Revenue $237,413

Investment Income $52,311

Other Revenue $1,943,240

TOTAL REVENUE $2,237,500

Expense Breakdown

Grants Paid $150,664

Salaries & Benefits $261,231

Fundraising Expenses $0

Program Expenses $959,871

Other Expenses $715,156

TOTAL EXPENSES $1,127,051

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,237,500	$2,541,299	-0.1%
Expenses	$1,127,051	$1,129,639	0.0%
Net Income	$1,110,449	$1,411,660	-0.2%

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

475

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

$234,704

Total Directors

$120,462

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRANT AASAND	DIRECTOR	1.00	Director	$0	$0	$0
CASEY ANDERSEN	DIRECTOR	1.00	Director	$0	$0	$0
JERSEY BENSON	TREASURER	1.00	Officer Director	$0	$0	$0
TYLER BERUBE	DIRECTOR	1.00	Director	$0	$0	$0
CODY CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
JOSH CARTIER	DIRECTOR	1.00	Director	$0	$0	$0
JAKE HANSEN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KENT KIRKHAMMER	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN PACKULAK	DIRECTOR	1.00	Director	$0	$0	$0
SARA PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL SAYLER	DIRECTOR	1.00	Director	$0	$0	$0
SARAH SEM	SECRETARY	40.00	Officer Director	$118,837	$1,625	$120,462
CHAD THOMPSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRIAN BAUMAN	PROGRAM DIRECTOR	40.00	Officer	$113,686	$556	$114,242

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	$2,237,500	$1,127,051	$7,394,147	$1,110,449
2024	$2,541,299	$1,129,639	$6,252,464	$1,411,660
2023	$2,497,236	$882,964	$4,939,003	$1,614,272
2022	$1,899,211	$930,256	$3,435,728	$968,955
2021	$1,711,648	$756,774	$2,573,464	$954,874
2020	$838,686	$785,538	$1,864,747	$53,148
2019	$841,186	$972,143	$1,249,555	$-130,957
2018	$694,803	$848,798	$1,380,512	$-153,995