Reynolds Hockey Academy
Nonprofit profile at a glance
- EIN
- 364859538
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Richmond, TX, USA
- Phone
- 8102238119
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $264,320
- Expenses
- $306,957
- Assets
- $32,384
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Bobby Reynolds (President)
- Dennis Murphy (Vice President)
- TC Lewis (Vice President)
Highest reported compensation
- Bobby Reynolds (President): $98,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To empower and provide the tools, mentorship, instruction necessary for students to achieve athletic and academic goals in the present and in the future. Academically, supporting the student in the classroom with books, teaching aids and most importantly laptops to participate in the K12 Texas Online Prep School(TOPS). Specifically, participation in the sport hockey is quite expensive and our organization provides an array of assistance including the on/off-ice training equipment and hockey equipment that is imperative for a player's development. Academics and athletics are the core of the academy but life lessons do not get overlooked. The student athletes are responsible for all the chores that are needed to operate the Reynolds Hockey Academy. The students on a daily basis do the laundry, clean the floors and make sure their locker room is spotless and neat.
What it reported doing in 2024
Purchased laptops for all the students so they are equipped with the necessary tools to succeed in the classroom. On ice training aids for the sport of hockey are very sport specific, shooter tutors, rebound aids, passing, pucks, nets, etc all are very expensive for an individual student or family to buy. At the academy, we can provide this specialized equipment to aid the student's development. Off ice training is also very specific to hockey. No other sport or activity can duplicate it. So the equipment is essential in a student athletes development. From weighted pucks, weighted jacket, speed guns, medicine balls, hydraulic weight sled and the state of the art hockey slide board, all of these pieces of equipment are vital to a student athlete's development.
Operating model
- Revenue model
- Earned-program. 81% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 92
- Accountability: 21
- Sustainability: 21
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 96.6%; rating input score 97
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -16.1%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.11; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 31.9%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 2.3% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 1.2% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: -1.6% per year; rating input score 0; 19th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 96.6% of spending went to programs
- Governance: 0 of 4 board members independent · 4 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $297K in reported program spending
- Leadership: top reported pay $98K · 4 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 6 filing years from 2018 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: Independent voting board scored 0/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 10/100.