LAKE VILLA, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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
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...
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 BENEFIT ANY DIRECTOR, MEMBER OF THE LAKERS HOCKEY CLUB ASSOCIATION, DISTRICTS HIGH SCHOOLS, 127, 117 OR 124, OR ANY INDIVIDUAL (EXCEPT REASONABLE COMPENSATION PAID IN EXCHANGE FOR SERVICES RENDERED TO OR FOR THE LAKERS HOCKEY CLUB ASSOCIATION. TO EVERY EXTENT POSSIBLE, AND UPON A TWO-THIRDS VOTE OF THE EXECUTIVE BOARD, THE LAKERS HOCKEY CLUB ASSOCIATION WILL REDUCE OR WAIVE FEES IN THE EVENT A MEMBER CANNOT PAY ALL REQUIRED FEES. THE CORPORATION WILL OPERATE UNDER THE AUSPICES OF USA HOCKEY, INC. AND ITS ILLINOIS AFFILIATE, THE ILLINOIS HIGH SCHOOL HOCKEY LEAGUE, AMATEUR HOCKEY ASSOCIATION OF ILLINOIS, INC. AND IN GENERAL, TO ALL THINGS AS MAY BE NECESSARY AND APPROPRIATE IN ACCOMPLISHING THE PURPOSE HERINABOVE SET OUT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $122,449 | $141,397 | $5,337 | $-18,948 |
| 2023 | $204,519 | $239,546 | $24,285 | $-35,027 |
Compare LAKERS HOCKEY CLUB ASSOCIATION INC with other nonprofits in Illinois and across the country.