PILGRIM SKATING ARENA INC (EIN 042544654) - Form 990 Financial Analysis & Trantor Score

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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

1970

Legal Domicile

Principal Officer

JOHN O'DONOGHUE III

Phone

7817496660

Tax Period

2024-07-01 to 2025-06-30

PILGRIM SKATING ARENA INC, founded in 1970, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Expenses of $3.3M left a modest 13% surplus.

Mission

ICE SKATING FACILITY PROMOTING YOUTH ATHLETIC, TRAINING AND OTHER PROGRAMS

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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 $0

Program Service Revenue $3,245,398

Investment Income $306,558

Other Revenue $279,311

TOTAL REVENUE $3,831,267

Expense Breakdown

Grants Paid $190,000

Salaries & Benefits $1,821,750

Fundraising Expenses $0

Program Expenses $2,142,285

Other Expenses $1,316,719

TOTAL EXPENSES $3,328,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,831,267	$3,564,553	+0.1%
Expenses	$3,328,469	$3,229,416	+0.0%
Net Income	$502,798	$335,137	+0.5%

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

$395,996

Total Directors

$430,996

Key Employees

$710,019

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
A MICHAEL FLAHERTY	DIRECTOR	20.00	Officer Director	$46,362	$0	$46,362
MICHAEL DUFFEY	DIRECTOR	5.00	Director	$20,000	$0	$20,000
JOHN O'DONOGHUE III	CEO	60.00	Officer Director Key Emp Highest	$349,634	$0	$349,634
JOHN PRESCOTT JR	DIRECTOR	5.00	Director	$15,000	$0	$15,000
TIMOTHY FLAHERTY	SALES MANAGER	40.00	Key Emp	$237,916	$0	$237,916
ELAINE NOBLES	BOOKKEEPER	40.00	Key Emp	$122,469	$0	$122,469

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	$3,831,267	$3,328,469	$14,294,778	$502,798
2024	$3,564,553	$3,229,416	$13,557,282	$335,137
2023	$3,393,349	$2,952,467	$12,738,375	$440,882
2022	$3,566,472	$2,842,202	$11,883,485	$724,270
2021	$2,733,692	$2,560,547	$11,871,046	$173,145
2019	$3,216,319	$3,012,408	$11,893,670	$203,911
2018	$2,877,890	$2,453,381	$11,793,026	$424,509

PILGRIM SKATING ARENA INC