FRIENDS OF SELECTS HOCKEY INC (EIN 882693678) - Form 990 Financial Analysis & Trantor Score

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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

2022

Legal Domicile

Principal Officer

MATTHEW C SCHIMENTI

Phone

9142449100

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF SELECTS HOCKEY INC, founded in 2022, is a small nonprofit in the Recreation & Sports sector that reported $173K in total revenue in fiscal year 2023. Expenses of $224K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE PURPOSE OF FRIENDS OF SELECTS HOCKEY INC. IS TO ENCOURAGE YOUTHS WHO ARE OR WILL BE ATTENDING BISHOP KEARNEY HIGH SCHOOL TO PARTICIPATE IN INTERSCHOLASTIC HOCKEY SO AS TO DEVELOP THEIR CAPABILITIES, SENSE OF FAIR PLAY, SPORTSMANSHIP, PHYSICAL FITNESS, AND FUNDEMENTAL SKILLS THROUGH TRAINING PROGRAMS AND COMPETITIVE PARTICIPATION IN HOCKEY GAMES, ENCOURAGE PARENT ATTENDANCE AT ALL GAMES AND TEAM FUNCTIONS, AND TO PROMOTE SPORSMANSHIP AMONG SPECTATORS AND PARTICIPANTS.

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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 $112,393

Program Service Revenue $0

Investment Income $0

Other Revenue $61,075

TOTAL REVENUE $173,468

Expense Breakdown

Grants Paid $221,433

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $221,433

Other Expenses $2,073

TOTAL EXPENSES $223,506

Year-over-Year Comparison

	2023	2022	Change
Revenue	$173,468	N/A	N/A
Expenses	$223,506	N/A	N/A
Net Income	$-50,038	$0	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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS O'DONNELL	PRESIDENT	5.00	Director	$0	$0	$0
CHRIS COLLINS	VICE PRESIDENT AND SECRETARY	5.00	Director	$0	$0	$0
MATTHEW SCHIMENTI	TREASURER	5.00	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
2024	No data	No data	No data	No data
2023	$173,468	$223,506	$36,381	$-50,038

FRIENDS OF SELECTS HOCKEY INC