ARENA LEGACY FUND

EIN: 931405774 501(c)(3) Recreation & Sports

HERMANTOWN, MN

Total Revenue
$404,987
Total Expenses
$7,622
Total Assets
$397,365
Net Assets
$397,365
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
MN
Principal Officer
SCOTT HANSON
Phone
2187403934
Tax Period
2023-01-01 to 2023-12-31

ARENA LEGACY FUND, founded in 2023, is a small nonprofit in the Recreation & Sports sector that reported $405K in total revenue in fiscal year 2023. The organization ran a surplus of $397K, a strong 98% operating margin.

Mission

FURTHERING THE SOCIAL WELFARE OF THE COMMUNITY THROUGH FUNDRAISING FOR THE PURPOSES OF CONTRIBUTING TOWARDS THE CONSTRUCTION AND MAINTENANCE OF COMMUNITY RECREATIONAL FACILITIES FOR PUBLIC USE IN HERMANTOWN, MN.

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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 $404,754
Program Service Revenue $0
Investment Income $233
Other Revenue $0
TOTAL REVENUE $404,987

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,581
Program Expenses $3,857
Other Expenses $7,622
TOTAL EXPENSES $7,622

Year-over-Year Comparison

2023 2022 Change
Revenue $404,987 N/A N/A
Expenses $7,622 N/A N/A
Net Income $397,365 N/A 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
6
Independent Members
6
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES CRACE DIRECTOR 5.00
Director
$0 $0 $0
SCOTT HANSON TREASURER 5.00
Officer Director
$0 $0 $0
SHAWNA JOKINEN PRESIDENT 5.00
Officer Director
$0 $0 $0
MARTY OLSON VICE PRESIDE 5.00
Officer Director
$0 $0 $0
BRAD SKYTTA DIRECTOR 5.00
Director
$0 $0 $0
SCOTT WOJTYSIAK SECRETARY 5.00
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
2024 No data No data No data No data
2023 $404,987 $7,622 $397,365 $397,365
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