THE COLONIAL FIGURE SKATING CLUB INC

EIN: 042592764 501(c)(3) Recreation & Sports

WEST ACTON, MA

Total Revenue
$1,813,059
Total Expenses
$1,540,720
Total Assets
$551,010
Net Assets
$203,278
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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
1972
Legal Domicile
MA
Principal Officer
COLLEEN BAKER
Phone
9782633450
Tax Period
2024-07-01 to 2025-06-30

THE COLONIAL FIGURE SKATING CLUB INC, founded in 1972, is a community nonprofit in the Recreation & Sports sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $272K, a strong 15% operating margin.

Mission

TO ENCOURAGE & FOSTER NATIONAL & INTERNATIONAL AMATEUR FIGURE SKATING COMPETITION IN COMPULSORY FIGURES, FREE SKATING, PAIR SKATING, DANCING, PRECISION & ANY OTHER TYPE OF FIGURE SKATING; TO ENCOURAGE THE INSTRUCTION, PRACTICE & ADVANCEMENT OF MEMBERS IN NATIONAL & INTERNATIONAL FIGURE SKATING COMPETITION OF ALL TYPES & KIND; TO CARRY OUT THE GENERAL POLICIES OF THE UNITED STATES FIGURE SKATING ASSOCIATION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $78,896
Program Service Revenue $1,732,771
Investment Income $1,392
Other Revenue $0
TOTAL REVENUE $1,813,059

Expense Breakdown

Grants Paid $0
Salaries & Benefits $388,668
Fundraising Expenses $0
Program Expenses $1,243,126
Other Expenses $1,152,052
TOTAL EXPENSES $1,540,720

Year-over-Year Comparison

2024 2023 Change
Revenue $1,813,059 $1,499,183 +0.2%
Expenses $1,540,720 $1,580,418 0.0%
Net Income $272,339 $-81,235 -4.4%
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

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Governance

Voting Members
9
Independent Members
9
Employees
27
Volunteers
195

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
0
$0
Total Directors
9
$45
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY ALLEN VICE PRESIDE 1.00
Director
$45 $0 $45
COLLEEN BAKER PRESIDENT N/A
Director
$0 $0 $0
CONNIE BARTON DIRECTOR N/A
Director
$0 $0 $0
ERIC BENNETT TREASURER N/A
Director
$0 $0 $0
ELISABETH GODEK CLERK N/A
Director
$0 $0 $0
AGA KAPADIA DIRECTOR N/A
Director
$0 $0 $0
MELANIE MAZARES OTHER OFFICE N/A
Director
$0 $0 $0
JENTINA MITCHELL DIRECTOR N/A
Director
$0 $0 $0
SUZIE WEAVER DIRECTOR N/A
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
2025 $1,813,059 $1,540,720 $551,010 $272,339
2024 No data No data No data No data
2023 $1,278,075 $1,305,674 $428,541 $-27,599
2022 $975,732 $1,093,685 $330,025 $-117,953
2022 $975,732 $1,129,757 $293,953 $-154,025
2021 $674,728 $945,723 $575,299 $-270,995
2020 $807,668 $973,557 $554,661 $-165,889
2019 $1,662,018 $1,641,404 $722,423 $20,614
2018 $1,524,540 $1,515,540 $703,660 $9,000
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