Waterloo Youth Hockey Association
Nonprofit profile at a glance
- EIN
- 421222500
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-EZ 2009
- Location
- Waterloo, IA, USA
- Phone
- 3192346885
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Camps
Reported finances
- Revenue
- $510,580
- Expenses
- $437,442
- Assets
- $198,197
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- KELSEY CARLSON (PRESIDENT / HOUSE LEAGUE DIRECTOR)
- JORDAN STROTTMAN (VICE PRESIDENT)
Highest reported compensation
- NICK NIEDERT (HOUSE LEAGUE DIRECTOR (END 6/2025)): $3,000 total reported compensation
- CONOR LUCK (COACHING DIRECTOR): $2,400 total reported compensation
- KELSEY CARLSON (PRESIDENT / HOUSE LEAGUE DIRECTOR): $1,000 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 help individuals develop as athletes, leaders, and members of the community through a competitive hockey program that emphasizes excellence, commitment, discipline, teamwork, and sportsmanship.
What it reported doing in 2024
The organization provides competitive hockey programs for youth ages five through 18: 266 skaters.
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- 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
STRONG - 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: 81
- Transparency & Controls: 90
- Accountability: 74
- Sustainability: 56
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.9%; rating input score 87
- Program expense ratio: 99.2%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- 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: 14.3%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 0.45; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 1.5%; rating input score 59; 59th percentile among comparable filings
Growth
- Program expense growth: 4.5% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 5.3% per year; rating input score 100; 45th percentile among comparable filings
- Asset growth: -0.2% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: 86.9% of revenue deployed · 99.2% of spending went to programs
- Governance: 15 of 15 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $434K in reported program spending
- Leadership: top reported pay $3K · 22 people listed
- Consistency: 17 of 17 current checks pass
- Schedules: 2 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 59/100.