NANTUCKET ICE COMPANY INC (EIN 043256369) - 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

1994

Legal Domicile

Principal Officer

DEVIN REMICK

Phone

5082282516

Tax Period

2020-01-01 to 2020-12-31

NANTUCKET ICE COMPANY INC, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $554K in total revenue in fiscal year 2020. Revenue decreased 10% compared to the prior year. Expenses of $783K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO PROMOTE A SAFE AND HEALTHY RECREATIONAL ENVIRONMENT WHERE NANTUCKET CHILDREN, ADULTS, AND FAMILIES CAN GATHER TO ENJOY THE SPORT OF ICE-SKATING

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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 (2020)

Revenue Breakdown

Contributions & Grants $186,387

Program Service Revenue $298,551

Investment Income $44,171

Other Revenue $24,391

TOTAL REVENUE $553,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,116

Fundraising Expenses $33,921

Program Expenses $614,220

Other Expenses $526,734

TOTAL EXPENSES $782,850

Year-over-Year Comparison

	2020	2019	Change
Revenue	$553,500	$611,611	-0.1%
Expenses	$782,850	$834,917	-0.1%
Net Income	$-229,350	$-223,306	+0.0%

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

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
JENNIFER KING	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT CORBETT	CLERK/BLDG COMMITTEE CHAIR	0.50	Officer Director	$0	$0	$0
ERIK EVENS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DEVIN REMICK	PRESIDENT	0.50	Officer Director	$0	$0	$0
ANDE GRENNAN	TRUSTEE	0.50	Director	$0	$0	$0
CHARLES GIBSON	TRUSTEE	0.50	Director	$0	$0	$0
CAMERON GAMMILL	TRUSTEE	0.50	Director	$0	$0	$0
MONIQUE HARRINGTON	TRUSTEE	0.50	Director	$0	$0	$0
MIKE GILLIES	TRUSTEE	0.50	Director	$0	$0	$0
KAREN THEROUX	TRUSTEE	0.50	Director	$0	$0	$0
SHARON QUIGLEY	TRUSTEE	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
2020	$553,500	$782,850	$4,614,240	$-229,350
2019	$611,611	$834,917	$4,827,888	$-223,306
2018	$594,057	$823,181	$5,007,169	$-229,124

NANTUCKET ICE COMPANY INC