MINNESOTA HOCKEY INC
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$4,575,213
Program Services
84%
Contributions
14%
Other
2%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$4,784,806
Other
78%
Salaries & Benefits
11%
Grants
5%
Advertising & Promotion
4%
Offices, Occupancy & IT
1%
Fees to Service Providers
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$712,306
$637,706
-10%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$3,353,445
$3,841,216
+15%
Membership Dues
$0
$0
-
Investments
$8,723
$25,992
+198%
Other
$65,610
$70,299
+7%
Total Revenues
$4,140,084
$4,575,213
+11%
Expenses
2023
2024
Change
Grants
$285,799
$223,920
-22%
Benefits to Members
$0
$0
-
Salaries & Benefits
$606,563
$520,461
-14%
Fees to Service Providers
$35,071
$30,082
-14%
Advertising & Promotion
$206,600
$210,694
+2%
Offices, Occupancy & IT
$48,322
$55,957
+16%
Interest
$0
$0
-
Depreciation
$455
$0
-100%
Other
$3,487,713
$3,743,692
+7%
Total Expenses
$4,670,523
$4,784,806
+2%
Net income
2023
2024
Change
Net income
-$530,439
-$209,593
+60%
Functional Expenses
Summary
2023
2024
Change
Program
$3,888,944
$4,030,340
+4%
Admin
$692,172
$725,366
+5%
Fundraising
$89,407
$29,100
-67%
Total Expenses
$4,670,523
$4,784,806
+2%
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