Lakeville North Boys Basketball Assn (EIN 800158331) - 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

2011

Legal Domicile

Phone

6514856308

Tax Period

2024-06-01 to 2025-05-31

Lakeville North Boys Basketball Assn, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $419K in total revenue in fiscal year 2024.

Mission

Organizing, advising, mentoring young men of Lakeville North High School through the sport example of the board members and volunteers shown in the organizing and encouragement provided in the course of basketball.

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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 $50

Program Service Revenue $408,335

Investment Income $46

Other Revenue $10,106

TOTAL REVENUE $418,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $425,849

Other Expenses $438,500

TOTAL EXPENSES $438,500

Year-over-Year Comparison

	2024	2023	Change
Revenue	$418,537	$402,974	+0.0%
Expenses	$438,500	$349,353	+0.3%
Net Income	$-19,963	$53,621	-1.4%

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

N/A

Volunteers

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Oxton	Head Coach	8.00	Director	$0	$0	$0
Chris Knight	Travel Director	8.00	Director	$0	$0	$0
Mike Strong	Equipment Dir.	8.00	Director	$0	$0	$0
Stephanie Paulson	In House Coord	8.00	Director	$0	$0	$0
Don Boomsma	In House Coord	8.00	Director	$0	$0	$0
Chris Stanley	Tournament Dir	8.00	Director	$0	$0	$0
Neal Olson	President	8.00	Officer	$0	$0	$0
Cindy Mulcahy	Treasurer	8.00	Officer	$0	$0	$0
Quentin Allen	In House Coordi	8.00	Officer	$0	$0	$0
Mandy Olson	Secretary	8.00	Officer	$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	$418,537	$438,500	$266,878	$-19,963
2024	$402,974	$349,353	$301,274	$53,621
2023	$390,984	$382,885	$245,914	$8,099
2022	$289,956	$320,071	$246,595	$-30,115
2020	$256,875	$266,888	$180,477	$-10,013
2019	$263,268	$247,201	$190,490	$16,067

Lakeville North Boys Basketball Assn