SAINT THOMAS ACADEMY ICE ARENA

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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

2003

Legal Domicile

Principal Officer

REED HORNUNG

Phone

6512096020

Tax Period

2024-09-01 to 2025-08-31

SAINT THOMAS ACADEMY ICE ARENA, founded in 2003, is a community nonprofit in the Recreation & Sports sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $740K, a strong 43% operating margin.

Mission

TO RENT, OR OTHERWISE MAKE AVAILABLE, ICE SPACE AND TRAINING FACILITIES TO SCHOOLS, ICE HOCKEY CLUBS AND OTHER SPORTS ORGANIZATIONS FOR USE IN PRACTICE AND COMPETITIVE EVENTS.

Program Service Accomplishments

Program 1

Expenses: $960,463 Revenue: $930,103

RENTAL OF ICE ARENA TO SCHOOLS AND SPORTS ORGANIZATIONS.

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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 $825,664

Program Service Revenue $930,103

Investment Income $-30,333

Other Revenue $0

TOTAL REVENUE $1,725,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $293,411

Fundraising Expenses $0

Program Expenses $960,463

Other Expenses $692,393

TOTAL EXPENSES $985,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,725,434	$914,059	+0.9%
Expenses	$985,804	$1,032,267	0.0%
Net Income	$739,630	$-118,208	-7.3%

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
PAM KUNKEL	TREASURER	1.00	Officer Director	$0	$0	$0
REED HORNUNG	DIRECTOR	1.00	Director	$0	$0	$0
TONY LANG	DIRECTOR	1.00	Director	$0	$0	$0
PHIL REIM	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN RAGATZ	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY CRONIN	DIRECTOR	1.00	Director	$0	$0	$0
MARK STOBEL	DIRECTOR	1.00	Director	$0	$0	$0
DAVE WILLIAM	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS WALCH	ICE ARENA MANAGER	1.00	Director	$0	$0	$0
MIKE MAXWELL	DIRECTOR	1.00	Director	$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	$1,725,434	$985,804	$2,190,286	$739,630
2024	$914,059	$1,032,267	$1,804,952	$-118,208
2023	$708,939	$951,275	$1,960,822	$-242,336
2022	$758,191	$881,218	$2,205,328	$-123,027
2021	$585,257	$785,514	$2,393,624	$-200,257
2020	$688,332	$859,639	$2,637,110	$-171,307
2019	$732,636	$785,874	$2,368,243	$-53,238
2018	$1,261,770	$784,619	$2,486,796	$477,151