SPOKANE HOOPFEST ASSOCIATION

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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

1990

Legal Domicile

Principal Officer

Mike Nilson

Phone

5096242414

Tax Period

2023-10-01 to 2024-09-30

SPOKANE HOOPFEST ASSOCIATION, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2023. Expenses of $2.6M left a modest 9% surplus.

Mission

We strive to inspire, connect, and grow basketball in the greater Spokane community by offering the best and most inclusive basketball experiences on earth. This includes the largest 3 on 3 tournaments in the world, youth leagues, building/maintaining outdoor community courts and sponsoring a Spokane basketball hall of fame in Spokane's River Front Park

Program Service Accomplishments

Program 1

Expenses: $1,434,023 Revenue: $705,002

Hoopfest Weekend Basketball Tournament - the tournament was held in 2024 with approximately 4,700 teams, an increase of about 500 teams from 2023

Program 2

Expenses: $501,298 Revenue: $323,495

HYL basketball league - was established in approximately 20 school districts and operated by HYL LLC, a wholly owned subsidiary of Spokane Hoopfest. The league operated from October through January...

Program 3

Expenses: $145,405 Revenue: $109,100

Youth Basketball tournaments were held in November, December, January and February serving approximately 242 teams

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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 $1,256,363

Program Service Revenue $1,180,294

Investment Income $70,664

Other Revenue $384,797

TOTAL REVENUE $2,892,118

Expense Breakdown

Grants Paid $117,599

Salaries & Benefits $748,052

Fundraising Expenses $0

Program Expenses $2,435,783

Other Expenses $1,779,642

TOTAL EXPENSES $2,645,293

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,892,118	$2,778,844	+0.0%
Expenses	$2,645,293	$2,507,708	+0.1%
Net Income	$246,825	$271,136	-0.1%

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

2500

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
Riley Stockton	Executive Director	40	Highest	$132,000	$10,866	$142,866
Rick Betts	Treasurer	5	Officer Director	$0	$0	$0
Hubert Langenhorst	Director	2	Director	$0	$0	$0
Danny Beard	Director	2	Director	$0	$0	$0
Tom Psomas	Director	2	Director	$0	$0	$0
Rob Hartman	Secretary	2	Officer Director	$0	$0	$0
Mike Nilson	Chair	3	Officer Director	$0	$0	$0
Shelbie Rabe	Director	2	Director	$0	$0	$0
Helen Higgs	Director	2	Director	$0	$0	$0
Scott Jones	Past Chair	2	Officer Director	$0	$0	$0
Brandon Haugen	Vice Chair	2	Officer 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	$2,892,118	$2,645,293	$2,449,692	$246,825
2023	$2,778,844	$2,507,708	$2,436,993	$271,136
2022	$2,339,102	$1,996,568	$2,144,034	$342,534
2021	$1,574,435	$1,464,309	$1,718,938	$110,126
2020	$1,275,644	$1,562,247	$1,837,061	$-286,603
2019	$2,754,864	$2,589,339	$1,602,085	$165,525
2018	$2,483,544	$2,259,706	$1,462,197	$223,838