CHICAGO NORTH HOCKEY CLUB NFP

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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

Principal Officer

Mike Hortatsos

Phone

3123424848

Tax Period

2023-07-01 to 2024-06-30

CHICAGO NORTH HOCKEY CLUB NFP, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $555K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $482K left a modest 13% surplus.

Mission

The Club's mission is to promote and support high school in Chicago covering the northern section of the city.

Program Service Accomplishments

Program 1

Expenses: $481,505 Revenue: $555,300

All of the revenues and expenses of the club are associated with its mission and purpose of promoting and supporting youth hockey at the high school level.

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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 $0

Program Service Revenue $555,300

Investment Income $0

Other Revenue $0

TOTAL REVENUE $555,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,130

Fundraising Expenses $0

Program Expenses $481,505

Other Expenses $346,375

TOTAL EXPENSES $481,505

Year-over-Year Comparison

	2023	2022	Change
Revenue	$555,300	$375,848	+0.5%
Expenses	$481,505	$361,094	+0.3%
Net Income	$73,795	$14,754	+4.0%

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
Mike Hortatsos	President	1	Officer Director	$0	$0	$0
Pat Looney	Vice President	1	Director	$0	$0	$0
Jenny Solberg	Vice President	1	Director	$0	$0	$0
Tim Buckley	Treasurer	1	Officer Director	$0	$0	$0
Joe Gwinn	Secretary	1	Officer Director	$0	$0	$0
Stephanie Coslow	Vice President	1	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	No data	No data	No data	No data
2024	$555,300	$481,505	$103,760	$73,795
2023	$375,848	$361,094	$29,965	$14,754