SKATING ASSOCIATION OF MAINE (EIN 010368190) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

HEATHER KNOWLES

Phone

2074463033

Tax Period

2023-01-01 to 2023-12-31

SKATING ASSOCIATION OF MAINE is a 501(c)(3) with EIN 010368190, based in AUGUSTA, ME. Founded in 1981, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $385,760 in total revenue and $374,375 in total expenses, with net assets of $307,388.

Mission

TO ENCOURAGE AND PROMOTE ICE SKATING PROGRAMS IN THE STATE OF MAINE

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,501

Program Service Revenue $348,473

Investment Income $177

Other Revenue $27,609

TOTAL REVENUE $385,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,144

Fundraising Expenses $0

Program Expenses $352,370

Other Expenses $364,231

TOTAL EXPENSES $374,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$385,760	$361,871	+0.1%
Expenses	$374,375	$346,443	+0.1%
Net Income	$11,385	$15,428	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN SMITH	PRESIDENT	002.00	Officer Director	$0	$0	$0
STEVEN PRESCOTT	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
LARS SCHULTZ NEILSON	SECRETARY	002.00	Officer Director	$0	$0	$0
HEATHER KNOWLES	TREASURER	002.00	Officer Director	$0	$0	$0
ERIC NASON	DIRECTOR AT LARGE	002.00	Director	$0	$0	$0
MARK ELLIS	DIRECTOR AT LARGE	002.00	Director	$0	$0	$0
STEPHEN JEWEL	DIRECTOR AT LARGE	002.00	Director	$0	$0	$0
SANDRA PRESCOTT	DIRECTOR -PRESCOTT REP	002.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$385,760	$374,375	$307,388	$11,385
2022	$361,871	$346,443	$296,003	$15,428
2021	$307,534	$276,967	$280,575	$30,567
2020	$309,078	$305,542	$250,008	$3,536
2019	$399,469	$385,437	$246,472	$14,032
2018	$387,018	$393,663	$232,440	$-6,645

SKATING ASSOCIATION OF MAINE