GARFIELD LAKE ICE RACERS CLUB INC (EIN 204138918) - 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

2005

Legal Domicile

Principal Officer

TIM LINDAHL

Phone

2187666956

Tax Period

2025-01-01 to 2025-12-31

GARFIELD LAKE ICE RACERS CLUB INC, founded in 2005, is a micro nonprofit in the Recreation & Sports sector that reported $12K in total revenue in fiscal year 2025. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $12K left a modest 5% surplus.

Mission

TO PROVIDE ENTERTAINMENT TO THE SURROUNDING COMMUNITY PROMOTING SOCIAL INTERACTION AND GOOD SPORTSMANSHIP WITH CONSCIOUS EFFORTS TO KEEP ENVIRONMENT CLEAN.

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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 (2025)

Revenue Breakdown

Contributions & Grants $7,190

Program Service Revenue $4,626

Investment Income $0

Other Revenue $413

TOTAL REVENUE $12,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $750

Fundraising Expenses $0

Program Expenses $10,809

Other Expenses $10,829

TOTAL EXPENSES $11,579

Year-over-Year Comparison

	2025	2024	Change
Revenue	$12,229	$7,414	+0.6%
Expenses	$11,579	$6,031	+0.9%
Net Income	$650	$1,383	-0.5%

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	Role	Reportable Comp	Other Comp	Total
DIXIE POWELL	SECRETARY TREASURER	Officer	$0	$0	$0
TIM LINDAHL	CHIEF EXECUTIVE OFFICER	Officer	$0	$0	$0
MARGARET OCONNER	GAMBLING MANAGER	Key Emp	$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	$12,229	$11,579	$26,719	$650
2024	No data	No data	No data	No data
2023	$7,274	$18,112	$24,531	$-10,838
2022	$23,712	$18,151	$35,343	$5,561
2021	$24,364	$3,507	$29,110	$20,857
2020	$-1,945	$3,178	$8,060	$-5,123
2019	$8,389	$10,065	$13,226	$-1,676
2018	$16,645	$11,147	$14,970	$5,498

GARFIELD LAKE ICE RACERS CLUB INC