MINNEAPOLIS HOCKEY ASSOCIATION 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

1973

Legal Domicile

Principal Officer

TODD MURRAY

Phone

7632882945

Tax Period

2024-06-01 to 2025-05-31

MINNEAPOLIS HOCKEY ASSOCIATION INC, founded in 1973, is a community nonprofit in the Recreation & Sports sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE ASSOCIATION PROVIDES ICE HOCKEY OPPORTUNITIES TO APPROXIMATELY 700 BOYS AND GIRLS BY PROVIDING THEM WITH INSTRUCTION, PRACTICES, CLINICS, TOURNAMENTS AND LEAGUE PLAY.

Program Service Accomplishments

Program 1

Expenses: $1,156,935

PROGRAM PROVIDES ICE TIME, UNIFORMS AND COACHING FOR BOYS AND GIRLS YOUTH HOCKEY TEAMS.

Program 2

GAMBLING: THE FORMS OF GAMBLING CONDUCTED BY THE ASSOCIATION DURING THE YEAR ENDED 5/31/2025, INCLUDED PAPER PULL-TABS, NON-LINKED BINGO, TIPBOARDS, PADDLETICKETS, LINKED BINGO, ELECTRONIC PULL-TABS, AND SPORTS- THEMED TIPBOARDS. REVENUE IN EXCESS OF ALLOWABLE EXPENSES GENERATED BY THE LAWFUL GAMBLING FUND WERE USED FOR LAWFUL PURPOSES AND BOARD APPROVED EXPENDITURES AS DEFINED BY MINNESOTA STATUTE. GROSS RECEIPTS FOR THE YEAR ENEDED 5/31/2025 WERE 8,420,840 TOTAL GAMING EXPENSES FOR THE YEAR ENDED 5/31/2025 WERE 8,436,823.

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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 $35,562

Program Service Revenue $1,107,559

Investment Income $3

Other Revenue $41,368

TOTAL REVENUE $1,184,492

Expense Breakdown

Grants Paid $4,375

Salaries & Benefits $15,000

Fundraising Expenses $0

Program Expenses $1,156,935

Other Expenses $1,218,408

TOTAL EXPENSES $1,237,783

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,184,492	$1,053,740	+0.1%
Expenses	$1,237,783	$1,167,309	+0.1%
Net Income	$-53,291	$-113,569	-0.5%

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

700

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

$84,487

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD MURRAY	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARNI LAMBERTY	VP GIRLS HOC	5.00	Officer Director	$0	$0	$0
BILL NOLIN	VP YOUTH HOC	5.00	Officer Director	$0	$0	$0
BRAD JOHNSON	VP OPERATION	5.00	Officer Director	$0	$0	$0
MARA PROELL	TREASURER	5.00	Officer Director	$0	$0	$0
NICOLE ANDERSON	SECRETARY	5.00	Officer Director	$0	$0	$0
ANN MALO	GAMBLING MAN	40.00	Director	$84,487	$0	$84,487
MIKE MULLEN	DISTRICT 3 R	2.00	Director	$0	$0	$0
JEFF THEISEN	SQUIRT DIREC	2.00	Director	$0	$0	$0
TONI SCOTT	VOLUNTEER DI	2.00	Director	$0	$0	$0
ANDY KRALL	MITE DIRECTO	2.00	Director	$0	$0	$0
DREW WOOD	GIRLS PROG D	2.00	Director	$0	$0	$0
LAURA OPSAHL	PEEWEE DIREC	2.00	Director	$0	$0	$0
MIKE SNEE	BANTAM DIREC	2.00	Director	$0	$0	$0
LORI BOIS	TEAM MGR DIR	1.00	Director	$0	$0	$0
DEREK BITTER	FUNDRAISING	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	$1,184,492	$1,237,783	$1,159,348	$-53,291
2024	$1,053,740	$1,167,309	$631,697	$-113,569
2023	$1,165,566	$1,245,865	$631,378	$-80,299
2022	$1,228,760	$1,009,958	$714,831	$218,802
2021	$1,146,326	$847,155	$447,611	$299,171
2020	$966,830	$1,139,541	$210,950	$-172,711