MADISON ICE INC

EIN: 200831947 501(c)(3) Recreation & Sports

MADISON, WI

Total Revenue
$1,288,340
Total Expenses
$1,413,048
Total Assets
$3,147,307
Net Assets
$1,215,175
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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
2004
Legal Domicile
WI
Principal Officer
LAURA FRANZEN-ELMER
Phone
6082047606
Tax Period
2024-05-01 to 2025-04-30

MADISON ICE INC, founded in 2004, is a community nonprofit in the Recreation & Sports sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

TO PROVIDE ICE SKATING FACILITIES TO INDIVIDUALS AND ORGANIZATIONS. OFFERING ORGANIZED ACTIVITIES TO YOUTH, DISABLED INDIVIDUALS AND ADULTS.

Program Service Accomplishments

Program 1
Expenses: $1,268,298 Revenue: $1,213,697

TO PROVIDE ICE SKATING FACILITIES TO INDIVIDUALS AND ORGANIZATIONS OFFERING BOTH ORGANIZED AND UNORGANIZED YOUTH, HANDICAPPED AND ADULT ACTIVITIES. THESE ACTIVITIES OCCUR ON AN AVERAGE OF 160 HOURS...

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TO PROVIDE ICE SKATING FACILITIES TO INDIVIDUALS AND ORGANIZATIONS OFFERING BOTH ORGANIZED AND UNORGANIZED YOUTH, HANDICAPPED AND ADULT ACTIVITIES. THESE ACTIVITIES OCCUR ON AN AVERAGE OF 160 HOURS PER WEEK FROM SEPTEMBER TO APRIL AND 70 HOURS PER WEEK FROM APRIL TO AUGUST.

Program 2
Expenses: $129,848

TO PROVIDE EDUCATIONAL ICE SKATING PROGRAMS FOR OVER 950 AREA YOUTH, INDIVIDUALS WITH DISABILITIES AND ADULT COMMUNITY MEMBERS. THE ORGANIZATION HAS CONTINUED TO EXPAND PROGRAM OFFERINGS, ESPECIALLY...

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TO PROVIDE EDUCATIONAL ICE SKATING PROGRAMS FOR OVER 950 AREA YOUTH, INDIVIDUALS WITH DISABILITIES AND ADULT COMMUNITY MEMBERS. THE ORGANIZATION HAS CONTINUED TO EXPAND PROGRAM OFFERINGS, ESPECIALLY IN THE LEARN TO SKATE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $70,979
Program Service Revenue $1,213,697
Investment Income $3,385
Other Revenue $279
TOTAL REVENUE $1,288,340

Expense Breakdown

Grants Paid $28,885
Salaries & Benefits $479,901
Fundraising Expenses $0
Program Expenses $1,398,146
Other Expenses $904,262
TOTAL EXPENSES $1,413,048

Year-over-Year Comparison

2024 2023 Change
Revenue $1,288,340 $1,358,196 -0.1%
Expenses $1,413,048 $1,401,940 +0.0%
Net Income $-124,708 $-43,744 +1.9%
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
11
Independent Members
11
Employees
77
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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD BROWN DIRECTOR N/A
Director
$0 $0 $0
LAURA FRANZEN-ELMER PRESIDENT N/A
Officer Director
$0 $0 $0
JOEY FRAYNE DIRECTOR N/A
Director
$0 $0 $0
JESSICA HERMSEN SECRETARY N/A
Officer Director
$0 $0 $0
ANDREW MENDYK TREASURER N/A
Officer Director
$0 $0 $0
RACHEL NEILL DIRECTOR N/A
Director
$0 $0 $0
DAN O'CONNELL DIRECTOR N/A
Director
$0 $0 $0
JEREMY SCHLITZ DIRECTOR N/A
Director
$0 $0 $0
JESSE SONDEL DIRECTOR N/A
Director
$0 $0 $0
JIM WARTINBEE DIRECTOR N/A
Director
$0 $0 $0
SARA WITHROW 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 $1,288,340 $1,413,048 $3,147,307 $-124,708
2024 $1,358,196 $1,401,940 $3,182,931 $-43,744
2023 $1,326,235 $1,382,599 $3,226,341 $-56,364
2022 $1,229,246 $1,086,116 $3,210,061 $143,130
2021 $1,087,972 $906,927 $3,122,878 $181,045
2020 $1,311,170 $1,170,268 $3,137,263 $140,902
2019 $1,594,025 $1,355,398 $3,296,307 $238,627
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