MINNESOTA HEAT EVENTS INC

EIN: 861182091 501(c)(3)

MAPLE GROVE, MN

Total Revenue
N/A
Total Expenses
N/A
Total Assets
N/A
Net Assets
N/A
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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
2021
Legal Domicile
MN
Principal Officer
WILLIE VANG
Phone
6512699822
Tax Period
2023-01-01 to 2023-12-31

Mission

THE CORPORATION IS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES BY PROVIDING PROGRAMS AND OPPORTUNITIES FOR CHILDREN IN MINNESOTA AND SURROUNDING STATES. THESE INCLUDE: 1) PROVIDING BASKETBALL CAMPS AND TOURNAMENTS FOR CHILDREN THAT OTHERWISE COULDN'T AFFORD TO PARTICIPATE. 2) SUPPORTING LOCAL SCHOOLS AND COMMUNITY EDUCATION PROGRAMS BY RENTING THEIR FACILITIES. 3) KEEPING CHILDREN BUSY THROUGH PARTICIPATION IN POSITIVE, HEALTHY ACIVITIES AND HELPING THEM GROW BOTH ON THE COURT AND AS INDIVIDUALS.

Program Service Accomplishments

Program 1

MINNESOTA HEAT EVENTS EXPANDED ITS TOURNAMENT OFFERING AND SAW SOME RECORD NUMBER OF PARTICIPANTS IN 2022. DURING THE EARLY STAGES OF 2022, OUR BORDER BATTLE TOURNAMENT HOSTED TO OVER 225 TEAMS FROM...

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MINNESOTA HEAT EVENTS EXPANDED ITS TOURNAMENT OFFERING AND SAW SOME RECORD NUMBER OF PARTICIPANTS IN 2022. DURING THE EARLY STAGES OF 2022, OUR BORDER BATTLE TOURNAMENT HOSTED TO OVER 225 TEAMS FROM MN, WI AND IA. IN THE SPRING AND SUMMER, WE ADDED THE STARTING POINT TOURNAMENT TO BRING OUT TOTAL TOURNAMENT OFFERING TO 7. ALSO WORTH NOTING THAT OUR FLAGSHIP TOURNAMENT, MEG VANG INVITATIONAL, SAW A RECORD NUMBER OF 467 TEAMS PARTICIPATE IN 2022. OUR CAMP OFFERINGS ALSO GREW TO 24 TOTAL CAMPS.

Program 2

SUPPORTING LOCAL SCHOOLS AND COMMUNITY EDUCATION PROGRAMS BY RENTING THEIR FACILITIES

Program 3

KEEPING CHILDREN BUSY THROUGH PARTICIPATION IN POSITIVE, HEALTHY ACTIVITIES AND HELPING THEM GROW BOTH ON THE COURT AND AS INDIVIDUALS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue N/A $751,356 -1.0%
Expenses N/A $769,023 -1.0%
Net Income N/A $-17,667 N/A
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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLAS CARROLL BOARD MEMBER N/A
Officer
$0 $0 $0
MARY HOPP TREASURER N/A
Officer
$0 $0 $0
ANDREW LINAMAN PRESIDENT N/A
Officer
$0 $0 $0
KARIN MARTINEK SECRETARY N/A
Officer
$0 $0 $0
WILLIE VANG BOARD MEMBER 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
2023 No data No data No data No data
2022 $751,356 $769,023 $198,370 $-17,667
2021 $746,985 $540,833 $210,945 $206,152
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