SKATING INSTITUTE OF ROCHESTER 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

1955

Legal Domicile

Principal Officer

THOMAS MASASCHI

Phone

5853252218

Tax Period

2023-10-01 to 2024-09-30

SKATING INSTITUTE OF ROCHESTER INC, founded in 1955, is a small nonprofit in the Recreation & Sports sector that reported $673K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

SKATING INSTITUTE OF ROCHESTER, INC. (THE ORGANIZATION) IS A NEW YORK NOT-FOR-PROFIT ORGANIZATION FORMED TO PROVIDE OPPORTUNITIES TO YOUTH AND ADULT PLAYERS AND SKATERS WITH A PLACE TO SKATE AND PLAY. THE ORGANIZATION AIMS TO HELP GROW THE GAME OF HOCKEY AND SPORT OF FIGURE SKATING.

Program Service Accomplishments

Program 1

Expenses: $551,020 Revenue: $649,194

THE ORGANIZATION OPERATES THE ICE RINK AND CONDUCTS NUMEROUS ACTIVITIES WITHIN THE SPACE SUCH AS HIGH SCHOOL PRACTICES, CAMPS, OTHER HOCKEY EVENTS, AND ALSO INCLUDES HOCKEY LEAGUES. ICE TIME IS ALSO PROVIDED TO GROUPS AS NEEDED FOR PRACTICES AND EVENTS. OTHER SKATING PROGRAMS INCLUDE CLINICS, PROGRAMS, AND LESSONS.

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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 $9,595

Program Service Revenue $649,194

Investment Income $192

Other Revenue $13,965

TOTAL REVENUE $672,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,004

Fundraising Expenses $0

Program Expenses $551,020

Other Expenses $476,925

TOTAL EXPENSES $665,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$672,946	$605,684	+0.1%
Expenses	$665,929	$604,100	+0.1%
Net Income	$7,017	$1,584	+3.4%

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

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
THOMAS E MASASCHI	PRESIDENT	4.00	Officer Director	$0	$0	$0
LISA HEANEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MELISSA HEINLEIN	SECRETARY	2.00	Officer 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	$672,946	$665,929	$524,305	$7,017
2023	$605,684	$604,100	$583,281	$1,584
2022	$626,829	$627,975	$680,900	$-1,146
2021	$648,717	$588,466	$705,206	$60,251
2020	$509,077	$625,408	$617,409	$-116,331
2019	$524,987	$523,881	$636,494	$1,106
2018	$432,356	$437,201	$523,936	$-4,845