Steele Development

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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

2018

Legal Domicile

Principal Officer

Jeremy Brown

Phone

5073850505

Tax Period

2025-01-01 to 2025-12-31

Steele Development, founded in 2018, is a small nonprofit that reported $249K in total revenue in fiscal year 2025. The organization ran a surplus of $140K, a strong 56% operating margin.

Mission

To provide opportunity and mentoring of young athletes to pursue their goals of playing college athletics and obtaining higher education.

Program Service Accomplishments

Program 1

Expenses: $61,630 Revenue: $22,950

Provided an organized hockey team, coaching, and overall program for 25-30 players ages 16-20 years of age. Provided college visits, mentoring, volunteer hours to the community, while also focusing...

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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 (2025)

Revenue Breakdown

Contributions & Grants $226,226

Program Service Revenue $22,950

Investment Income $0

Other Revenue $0

TOTAL REVENUE $249,176

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,705

Fundraising Expenses $0

Program Expenses $61,630

Other Expenses $95,174

TOTAL EXPENSES $108,879

Year-over-Year Comparison

	2025	2024	Change
Revenue	$249,176	$238,979	+0.0%
Expenses	$108,879	$240,076	-0.5%
Net Income	$140,297	$-1,097	-128.9%

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

$7,962

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeremy Brown	President	3.00	Officer Director	$0	$0	$0
Debra Knott	Treasurer	3.00	Officer Director	$0	$0	$0
Kelly Heitkamp	Secretary	3.00	Officer Director	$0	$0	$0
Nick Adamek	Board Member/Head Coach	3.00	Director	$7,962	$0	$7,962
Sebastian Vokon	Board Member	3.00	Director	$0	$0	$0
Allen Smith	Board Member	3.00	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	$249,176	$108,879	No data	$140,297
2024	$238,979	$240,076	$75,327	$-1,097
2023	$345,373	$263,654	$50,654	$81,719
2022	$227,939	$330,087	$59,423	$-102,148
2021	$254,884	$247,984	$106,660	$6,900
2020	$266,540	$257,382	$60,950	$9,158