HIGHER POWER SPORTS INC

EIN: 811123629 501(c)(3)

PARKSTON, SD

Total Revenue
$63,917
Total Expenses
$60,992
Total Assets
$18,926
Net Assets
$18,926
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
SD
Principal Officer
TIM WEIDENBACH
Phone
6059330696
Tax Period
2023-01-01 to 2023-12-31

HIGHER POWER SPORTS INC, founded in 2015, is a micro nonprofit that reported $82K in total revenue in fiscal year 2021. The organization ran a surplus of $13K, a strong 16% operating margin.

Mission

TO SERVE STUDENT ATHLETES, COACHES, AND THEIR FAMILIES THROUGH THE POWER OF FAITH AND SERVANT LEADERSHIP.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $44,608
Program Service Revenue $0
Investment Income $0
Other Revenue $19,309
TOTAL REVENUE $63,917

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,383
Fundraising Expenses $19,444
Program Expenses $41,548
Other Expenses $55,609
TOTAL EXPENSES $60,992

Year-over-Year Comparison

2023 2022 Change
Revenue $63,917 $71,474 -0.1%
Expenses $60,992 $71,460 -0.1%
Net Income $2,925 $14 +207.9%
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

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Governance

Voting Members
5
Independent Members
5
Employees
1
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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM BORMANN BOARD OF DIR N/A
Director
$0 $0 $0
BILL HANSEN BOARD OF DIR N/A
Director
$0 $0 $0
TAMMI SKILLINGSTAD BOARD OF DIR N/A
Director
$0 $0 $0
THOMAS WEIDENBACH BOARD OF DIR N/A
Director
$0 $0 $0
TIM WEIDENBACH DIRECTOR N/A
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 No data No data No data No data
2023 $63,917 $60,992 $18,926 $2,925
2022 $71,474 $71,460 $16,001 $14
2021 $82,261 $69,021 $15,987 $13,240
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