SALT LAKE FIGURE SKATING

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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

Legal Domicile

Phone

8013556424

Tax Period

2022-07-01 to 2023-06-30

SALT LAKE FIGURE SKATING is a small nonprofit in the Recreation & Sports sector that reported $252K in total revenue in fiscal year 2022. Revenue surged 4221% from the prior year, signaling strong growth momentum. Expenses of $225K left a modest 11% surplus.

Mission

To Provide children and parents organized framework for the activities surrounding the sport of amateur figure skating. The mission of Salt Lake Figure Skating is to inspire our members to achive their highest potential as skaters and supports of the figure skating community.

Program Service Accomplishments

Program 1

Expenses: $191,099 Revenue: $232,581

Salt Lake Figure Skating Holds skating and other events in the community to increase awareness of the sport of amateur figure skating. These events also provide an economic benefit to the state of...

Salt Lake Figure Skating Holds skating and other events in the community to increase awareness of the sport of amateur figure skating. These events also provide an economic benefit to the state of Utah from out-of-state visitors utilizing local hotels, restaurants and other local businesses.

Program 2

Expenses: $16,943 Revenue: $5,627

Club Ice: The club provides approximately 36 hours of club ice sessions for all club members to use at no cost for practice, training, and instruction. Approximately 65 club members benefited.

Program 3

Expenses: $16,524 Revenue: $9,087

THE CLUB OPERATES A LOW COST, FIGURE SKATING GROUP LESSON PROGRAM FOR BEGINNER LEVEL SKATERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $241,189

Program Service Revenue $6,106

Investment Income $4,550

Other Revenue $0

TOTAL REVENUE $251,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $224,566

Other Expenses $224,566

TOTAL EXPENSES $224,566

Year-over-Year Comparison

	2022	2021	Change
Revenue	$251,845	$5,828	+42.2%
Expenses	$224,566	$37,442	+5.0%
Net Income	$27,279	$-31,614	-1.9%

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

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
Nara Barekyan	Secretary	1.00	Director	$0	$0	$0
AMY EARL	Treasurer	1.00	Director	$0	$0	$0
MICHELLE THOMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
Stephanie Gibon	Board Member	1.00	Director	$0	$0	$0
BOB WESTON	Vice President	1.00	Officer	$0	$0	$0
BRITTA SCULLION	President	1.00	Officer	$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
2023	$251,845	$224,566	$249,401	$27,279
2019	$340,697	$326,213	$246,646	$14,484