HIGHER POWER SPORTS 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

2015

Legal Domicile

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 $64K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $61K left a modest 5% surplus.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $41,548

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

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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 (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

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

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

Total Directors

Key Employees

Highest Compensated

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