Bridgton Ice Arena Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Phone

2076473322

Tax Period

2024-07-01 to 2025-06-30

Bridgton Ice Arena Inc, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $191K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $229K exceeded revenue, resulting in a 20% operating deficit.

Mission

To provide recreational, educational, and athletic programs for the benefit of the Town of Bridgton, School Administrative District 61, and Bridgton Academy.

Program Service Accomplishments

Program 1

Expenses: $228,627 Revenue: $118,391

This community skating facility provides a location for athletic programs. Its home to the Long Lake Skating School which has professional and qualified amateur instructors, and teaches all levels...

This community skating facility provides a location for athletic programs. Its home to the Long Lake Skating School which has professional and qualified amateur instructors, and teaches all levels and abilities, from tots to adults. Public skating is available from July to March.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $72,816

Program Service Revenue $118,391

Investment Income $0

Other Revenue $0

TOTAL REVENUE $191,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $228,627

Other Expenses $228,627

TOTAL EXPENSES $228,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$191,207	$206,016	-0.1%
Expenses	$228,627	$212,132	+0.1%
Net Income	$-37,420	$-6,116	+5.1%

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

N/A

Volunteers

N/A

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
Bridgton Academy	Trustee	5.00		$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
2025	$191,207	$228,627	$528,552	$-37,420
2024	No data	No data	No data	No data
2023	$173,944	$230,791	$578,495	$-56,847
2022	$149,786	$200,633	$657,710	$-50,847
2021	$192,454	$189,073	$680,057	$3,381
2020	$108,420	$167,346	$677,102	$-58,926
2019	$117,562	$174,970	$747,914	$-57,408
2018	$133,131	$150,450	$797,250	$-17,319