FRIENDS OF FLYNN RINK INC

EIN: 204710167 501(c)(3) Recreation & Sports

MEDFORD, MA

Total Revenue
$690,482
Total Expenses
$721,684
Total Assets
$189,789
Net Assets
$123,575
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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
2006
Legal Domicile
MA
Principal Officer
JOHN PAUL MARTIGNETTI
Phone
7813968500
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF FLYNN RINK INC, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $690K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

TO OPERATE, MANAGE, IMPROVE, REPAIR AND MAINTAIN THE FLYNN RINK ON WOODLAND ROAD IN MEDFORD, MASSACHUSETTS AND TO ENSURE THAT EVERY EFFORT IS MADE TO BALANCE THE ICE ALLOCATION NEEDS OF LONG-ESTABLISHED NON PROFIT YOUTH ORGANIZATIONS AND NEWLY-FORMED NON PROFIT YOUTH ORGANIZATIONS IN A MANNER THAT PROVIDES EQUAL OPPORTUNITY AND EQUAL ACCESS FOR YOUTHS OF EACH GENDER.

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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 $0
Program Service Revenue $659,823
Investment Income $0
Other Revenue $30,659
TOTAL REVENUE $690,482

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $639,954
Other Expenses $721,684
TOTAL EXPENSES $721,684

Year-over-Year Comparison

2024 2023 Change
Revenue $690,482 $728,979 -0.1%
Expenses $721,684 $716,748 +0.0%
Net Income $-31,202 $12,231 -3.6%
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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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN PAUL MARTIGNETTI PRESIDENT AND DIRECTOR 1.00
Officer Director
$0 $0 $0
FRANK SORRENTI TREASURER 1.00
Officer Director
$0 $0 $0
JOHN MERCER CLERK AND DIRECTOR 1.00
Officer Director
$0 $0 $0
PATRICK AUFIERO DIRECTOR 1.00
Director
$0 $0 $0
DAVID HENNESSEY DIRECTOR 1.00
Director
$0 $0 $0
RONALD MARTIGNETTI DIRECTOR 1.00
Director
$0 $0 $0
JOHN MCLAUGHLIN DIRECTOR 1.00
Director
$0 $0 $0
DENIS O'DONNELL DIRECTOR 1.00
Director
$0 $0 $0
ROBERT HEALY DIRECTOR 1.00
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 $690,482 $721,684 $189,789 $-31,202
2024 $728,979 $716,748 $211,531 $12,231
2023 $710,878 $730,901 $217,339 $-20,023
2022 $725,283 $687,080 $191,949 $38,203
2021 $550,355 $590,122 $183,940 $-39,767
2020 $720,912 $721,309 $262,999 $-397
2019 $684,867 $707,351 $278,655 $-22,484
2018 $738,472 $737,021 $320,788 $1,451
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