LAKERS HOCKEY CLUB ASSOCIATION INC

EIN: 800769275 501(c)(3) Recreation & Sports

LAKE VILLA, IL

Total Revenue
$122,449
Total Expenses
$141,397
Total Assets
$5,337
Net Assets
$5,337
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
IL
Principal Officer
LAURA TOMASSETTI
Tax Period
2024-01-01 to 2024-12-31

LAKERS HOCKEY CLUB ASSOCIATION INC, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $122K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $141K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE PURPOSE OF THIS CORPORATION SHALL BE TO PROVIDE THE BEST INTEREST OF AND TO ENHANCE THE EDUCATION AND SOCIAL OPPORTUNITIES OF THE STUDENTS ATTENDING GRAYSLAKE COMMUNITY HIGH SCHOOL DISTRICT 127, COMMUNITY HIGH SCHOOL DISTRICT 117, GRAND COMMUNITY HIGH SCHOOL DISTRICT 124 AND ANY OTHER ASSOCIATE SCHOOLS IN THE EVENT OF A "COMBINED TEAM" STATUS FOR ANY SEASON AS APPLICABLE. BY FORMING AN ICE HOCKEY CLUB, THE CORPORATION BELIEVES THE CLUB WILL HELP THE DEVELOPMENT OF THE STUDENTS THROUGH ORGANIZED SPORT, PROPER SOCIAL ENVIRONMENT AND CULTURAL EXPOSURE; FOSTER FRIENDSHIP, CAMARADERIE, AND SCHOLASTIC ACHIEVEMENT, DISCIPLINED CONDUCT, SPORTSMANSHIP, AND PROMOTE AND REGULATE ICE HOCKEY FOR ALL THE STUDENTS AS APPLICABLE IN A COMPETITIVE ENVIRONMENT. IT WILL ALSO BE THE PURPOSE OF THIS CORPORATION THAT ALL FUNDS RECEIVED AS INCOME WILL BE UTILIZED EXCLUSIVELY TO SUPPORT, MAINTAIN AND GROW THE LAKERS HOCKEY CLUB ASSOCIATION. AT NO TIME SHALL THE NET EARNINGS OF THE CORPORATION BE USED TO BE

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $122,449
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $122,449

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $140,103
Other Expenses $141,397
TOTAL EXPENSES $141,397

Year-over-Year Comparison

2024 2023 Change
Revenue $122,449 $204,519 -0.4%
Expenses $141,397 $239,546 -0.4%
Net Income $-18,948 $-35,027 -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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Governance

Voting Members
8
Independent Members
8
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SIOVHAN BLAU SECRETARY 2.00
Officer
$0 $0 $0
KEITH MASLON VICE PRESIDE 2.00
Officer
$0 $0 $0
ROSE RABOR TREASURER 2.00
Officer
$0 $0 $0
LAURA TOMASSETTI PRESIDENT 2.00
Officer
$0 $0 $0
MICHELLE TORKILSEN WEBMASTER 2.00
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
2024 $122,449 $141,397 $5,337 $-18,948
2023 $204,519 $239,546 $24,285 $-35,027
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