NORTH READING SKATING ASSOCIATION (EIN 043523562) - 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

2000

Legal Domicile

Principal Officer

T J VALADA

Phone

6172934251

Tax Period

2022-07-01 to 2023-06-30

NORTH READING SKATING ASSOCIATION, founded in 2000, is a small nonprofit in the Recreation & Sports sector that reported $124K in total revenue in fiscal year 2022. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $149K exceeded revenue, resulting in a 20% operating deficit.

Mission

SKATING INSTRUCTIONS AND TEAM SPORTSMENSHIP

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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 $0

Program Service Revenue $108,691

Investment Income $280

Other Revenue $15,448

TOTAL REVENUE $124,419

Expense Breakdown

Grants Paid $1,100

Salaries & Benefits $0

Fundraising Expenses $10,496

Program Expenses $136,993

Other Expenses $148,382

TOTAL EXPENSES $149,482

Year-over-Year Comparison

	2022	2021	Change
Revenue	$124,419	$169,282	-0.3%
Expenses	$149,482	$126,784	+0.2%
Net Income	$-25,063	$42,498	-1.6%

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

N/A

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
DOUG AGO	SECRETARY	5.00	Officer	$0	$0	$0
TJ LEENDERS	TREASURER	5.00	Officer	$0	$0	$0
THOMAS MCCOLLEM	ASSISTANT DI	5.00	Officer	$0	$0	$0
T J VALADA	DIRECTOR	5.00	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	$124,419	$149,482	$192,823	$-25,063
2022	$169,282	$126,784	$154,708	$42,498
2021	$147,179	$131,860	$131,315	$15,319
2020	$171,230	$179,865	$63,638	$-8,635
2019	$182,320	$184,496	$78,981	$-2,176

NORTH READING SKATING ASSOCIATION