Midwest Elite Hockey School 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

2017

Legal Domicile

Principal Officer

Jimmy Andersson

Phone

8475600151

Tax Period

2020-01-01 to 2020-12-31

Midwest Elite Hockey School Inc, founded in 2017, is a small nonprofit that reported $379K in total revenue in fiscal year 2020. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $360K left a modest 5% surplus.

Mission

To organize and operate ice hockey teams of persons under twenty-one years of age exclusively for educational purposes in helping the amateur players to develop physically, mentally, and emotionally, as well as, morally, through the promotion of national competition.

Program Service Accomplishments

Program 1

Expenses: $359,887 Revenue: $378,680

Midwest Elite Hockey has provided youth hockey players an opportunity to train with knowledgeable and experienced coaches through spring and summer training camps and clinics, and fall/winter...

Midwest Elite Hockey has provided youth hockey players an opportunity to train with knowledgeable and experienced coaches through spring and summer training camps and clinics, and fall/winter training and competitions. Midwest Elite Hockey has helped players achieve their goals of becoming elite athletes, leaders, and good citizens.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $378,680

Investment Income $0

Other Revenue $0

TOTAL REVENUE $378,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,025

Fundraising Expenses $0

Program Expenses $359,887

Other Expenses $311,862

TOTAL EXPENSES $359,887

Year-over-Year Comparison

	2020	2019	Change
Revenue	$378,680	$284,230	+0.3%
Expenses	$359,887	$226,063	+0.6%
Net Income	$18,793	$58,167	-0.7%

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

$2,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Darren McClusky	Director	2.00	Officer	$0	$0	$1,400
Dennis Vaske	Director	3.00	Officer	$0	$0	$1,100
Jimmy Andersson	President	10.00	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
2020	$378,680	$359,887	$85,062	$18,793