DORSET PARK SKATING ASSOCIATION 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

1994

Legal Domicile

Principal Officer

FREDERIC P ERDMAN

Phone

8026585577

Tax Period

2023-01-01 to 2023-12-31

DORSET PARK SKATING ASSOCIATION INC, founded in 1994, is a community nonprofit in the Recreation & Sports sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 9% surplus.

Mission

TO PROMOTE RECREATIONAL OPPORTUNITIES AND OPERATE, MANAGE AND MAINTAIN PUBLIC ICE SKATING ARENAS IN SOUTH BURLINGTON, VERMONT.

Program Service Accomplishments

Program 1

Expenses: $1,295,871 Revenue: $1,527,521

DECEMBER 31, 2023 WAS THE TWENTY-EIGHTH FULL YEAR OF OPERATION OF THE C. DOUGLAS CAIRNS ARENA BY THE DORSET PARK SKATING ASSOCIATION (DPSA). RESIDENTS FROM MANY NEIGHBORING COMMUNITIES WITHIN...

DECEMBER 31, 2023 WAS THE TWENTY-EIGHTH FULL YEAR OF OPERATION OF THE C. DOUGLAS CAIRNS ARENA BY THE DORSET PARK SKATING ASSOCIATION (DPSA). RESIDENTS FROM MANY NEIGHBORING COMMUNITIES WITHIN CHITTENDEN COUNTY AS WELL AS ELSEWHERE THROUGHOUT VERMONT TOOK ADVANTAGE OF THE MANY SERVICES THAT WERE MADE AVAILABLE TO THEM SUCH AS RENTAL OF ICE TIME, GENERAL PUBLIC SKATING, AND RENTAL AND SALES OF SKATING EQUIPMENT. PERCENTAGE OF ICE TIME USAGE CAN BE SUMMARIZED AS FOLLOWS: HOCKEY RELATED ACTIVITIES 77%, GROUP RENTALS 12%, CONTRACT RENTALS 5%, AND PUBLIC SKATING 6%. IN ADDITION TO ICE RENTAL THE TOTAL REVENUE INCLUDED $8,825 GENERATED FROM LOCKER ROOM FEES

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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 (2023)

Revenue Breakdown

Contributions & Grants $34,310

Program Service Revenue $1,512,743

Investment Income $27,279

Other Revenue $136,016

TOTAL REVENUE $1,710,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $696,902

Fundraising Expenses $0

Program Expenses $1,295,871

Other Expenses $862,480

TOTAL EXPENSES $1,559,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,710,348	$1,539,216	+0.1%
Expenses	$1,559,382	$1,515,717	+0.0%
Net Income	$150,966	$23,499	+5.4%

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

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

$125,815

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY CAIRNS	PRESIDENT	0.50	Officer Director	$0	$0	$0
TED CHILD	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DAVID KAUFMAN	SECRETARY	0.50	Officer Director	$0	$0	$0
FRED ERDMAN	TREASURER	0.50	Officer Director	$0	$0	$0
BOB L'ECUYER	BOARD MEMBER / OPERATIONS MANAGER	2.00	Director	$68,975	$56,840	$125,815
DOUG FORD	BOARD MEMBER	0.50	Director	$0	$0	$0
JASON HAMILTON	BOARD MEMBER	0.50	Director	$0	$0	$0
GREG BOURGEA	BOARD MEMBER	0.50	Director	$0	$0	$0
WILL MACKINNON	BOARD MEMBER	0.50	Director	$0	$0	$0
VICKI HILDEBRAND	BOARD MEMBER	0.50	Director	$0	$0	$0
BRYAN CAIRNS	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS KENNY	BOARD MEMBER	0.50	Director	$0	$0	$0
RICK KOZLOWSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
PETER CHILD	BOARD MEMBER	0.50	Director	$0	$0	$0
KYLE MARQUIS	BOARD MEMBER	0.50	Director	$0	$0	$0
HOLLY BAKER	BOARD MEMBER	0.50	Director	$0	$0	$0
SCOTT ALBERTSON	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT MARQUIS	BOARD MEMBER	0.50	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	$1,710,348	$1,559,382	$6,297,761	$150,966
2022	$1,539,216	$1,515,717	$6,281,009	$23,499
2021	$1,908,251	$1,441,498	$6,321,693	$466,753
2020	$1,188,056	$1,267,186	$6,146,174	$-79,130
2019	$1,389,977	$1,322,426	$3,649,278	$67,551
2018	$1,401,261	$1,272,887	$3,745,649	$128,374