Faribault Hockey Association % Rick Caron
Nonprofit profile at a glance
- EIN
- 411568271
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Faribault, MN, USA
- Phone
- 5073327458
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Amateur Sports
Reported finances
- Revenue
- $288,710
- Expenses
- $214,882
- Assets
- $268,651
- Liabilities
- $40,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- BRIAN MORTENSON (PRESIDENT)
Highest reported compensation
- RICK CARON (GAMBLING MAN): $10,920 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization's mission is to manage and run a hockey program for the faribault area youth that focuses on teaching the fundamentals and skills of hockey.
What it reported doing in 2024
The organization's exempt purpose is to run a youth hockey program designed to develop participants' hockey skills and knowledge of the game while teaching the values of teamwork, commitment, and sportsmanship.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.9%; rating input score 78
- Program expense ratio: 98.3%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 25.6%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 1.25; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 5.1%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 2.8% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 0.7% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: 4.8% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 77.9% of revenue deployed · 98.3% of spending went to programs
- Governance: 13 of 13 board members independent · 2 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $211K in reported program spending
- Leadership: top reported pay $11K · 16 people listed
- Consistency: 17 of 17 current checks pass
- Schedules: 4 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.