ACADIA SKATING ASSOCIATION (EIN 010526667) - 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

2003

Legal Domicile

Tax Period

2020-01-01 to 2020-12-31

ACADIA SKATING ASSOCIATION is a 501(c)(3) with EIN 010526667, based in ELLSWORTH, ME. Founded in 2003, the organization files IRS Form 990 and reported its most recent data for fiscal year 2020. In that period, it reported $876,659 in total revenue and $756,356 in total expenses, with net assets of $190,469.

Mission

Acadia Skating Association Inc. was founded at the beginning to promote Ice Skating, Ice Skating Sports and develop a community ice skating arena to provide a recreational public skating facility for children and young adults. Our mission has become a fork with three outlets instead of one. Second and third fork heads consist of skating education to the mentally handicap young and old. Lastly training these beautiful human beings how to win and participate in the special Olympics.

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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 (2020)

Revenue Breakdown

Contributions & Grants $144,443

Program Service Revenue $163,655

Investment Income $86,567

Other Revenue $481,994

TOTAL REVENUE $876,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $609,000

Fundraising Expenses $9,778

Program Expenses $127,578

Other Expenses $147,356

TOTAL EXPENSES $756,356

Year-over-Year Comparison

	2020	2019	Change
Revenue	$876,659	$428,556	+1.0%
Expenses	$756,356	$330,000	+1.3%
Net Income	$120,303	$98,556	+0.2%

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

N/A

Employees

N/A

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

$42,300

Total Directors

Key Employees

$251,799

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN BURROUGHS	UNION REP	80.00	Officer	$0	$42,300	$42,300
UNION WORKERS BENIFIT TRUST	TEAMSTERS REP	30.00	Key Emp	$75,900	$0	$75,900
JASON BOONE	SECRATARY	80.00	Key Emp	$175,899	$0	$175,899
LEONARD LAMPASONA	TREASURER	120.00	Highest	$209,900	$0	$209,900
PAUL PANNGBURN	PRESIDENT	0.00		$150,000	$0	$150,000

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
2020	$876,659	$756,356	$190,469	$120,303
2019	$428,556	$330,000	$457,922	$98,556

ACADIA SKATING ASSOCIATION