MADISON ICE INC (EIN 200831947) - 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

2004

Legal Domicile

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.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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

MADISON ICE INC