Is Minnesota Hockey District 2 Legit?

Minnesota Hockey District 2 demonstrates consistent financial activity, with revenues and expenses generally increasing over the past decade. In the latest filing (202306), the organization reported revenues of $759,932 against expenses of $806,254, indicating a slight deficit for that period. However, the organization maintains a healthy asset base of $419,479 with no reported liabilities, suggesting strong financial stability and responsible management of its resources. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-driven leadership structure, which is a positive sign for donor confidence and efficient use of funds. The organization's spending efficiency appears strong, particularly given the absence of officer compensation. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial picture suggests that the majority of funds are likely directed towards its mission. The consistent growth in assets over time, from $194,847 in 2014 to $419,479 in 2023, further reinforces its financial health and ability to build reserves. Transparency is high, as evidenced by 15 years of consistent IRS 990 filings and the clear reporting of financial metrics. The lack of liabilities and officer compensation are key indicators of a well-managed and accountable organization. The consistent financial reporting allows for clear trend analysis and demonstrates a commitment to public disclosure.