Friends of Hockey Club Fairbanks

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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

1983

Legal Domicile

Principal Officer

Dave Szumigala

Phone

9074528895

Tax Period

2024-06-01 to 2025-05-31

Friends of Hockey Club Fairbanks, founded in 1983, is a micro nonprofit in the Recreation & Sports sector that reported $42K in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $111K exceeded revenue, resulting in a 162% operating deficit.

Mission

To promote youth hockey for the interior of Alaska for recreational hockey players of various ages.

Program Service Accomplishments

Program 1

Expenses: $72,229

Recreational and educational youth hockey activities are scheduled and conducted in the Fairbanks area and around the state. Tournaments are attended state wide. Age of participants varies...

Recreational and educational youth hockey activities are scheduled and conducted in the Fairbanks area and around the state. Tournaments are attended state wide. Age of participants varies. Participants are from the Greater Fairbanks area.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,748

Program Service Revenue $1,450

Investment Income $101

Other Revenue $37,050

TOTAL REVENUE $42,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,200

Program Expenses $72,229

Other Expenses $111,043

TOTAL EXPENSES $111,043

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,349	$161,504	-0.7%
Expenses	$111,043	$77,776	+0.4%
Net Income	$-68,694	$83,728	-1.8%

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
Dave Szumigala	President	4.00	Officer Director	$0	$0	$0
Julie Benson	Vice President	3.00	Officer Director	$0	$0	$0
Anna Culley	Secretary	3.00	Officer Director	$0	$0	$0
Karesa Kramer	Treasurer	2.00	Officer Director	$0	$0	$0
Jim Lewandoski	Director	1.00	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	$42,349	$111,043	$287,276	$-68,694
2024	$161,504	$77,776	$355,970	$83,728
2023	$109,092	$106,963	$274,005	$2,129
2022	$144,696	$190,071	$268,635	$-45,375
2021	$15,678	$40,436	$314,010	$-24,758
2019	$323,318	$269,022	$367,441	$54,296
2018	$277,528	$340,496	$314,128	$-62,968