FRIENDS OF FLYNN RINK 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

2006

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $639,954 Revenue: $690,482

HELP PROVIDE FUNDS TO MAINTAIN FLYNN RINK.FLYNN RINK OFFERS A VARIETY OF SKATING OPPORTUNITIES TO CATER TO ALL AGES AND ALL ABILITIES. BASIC SKILLS CLASSES ARE THE FOUNDATION FOR BOTH LEARN TO PLAY HOCKEY AND FREESTYLE FIGURE SKATING. THE BASIC SKILLS LEVELS ARE DEVELOPED BY THE UNITED STATES FIGURE SKATING ASSOCIATION (USFSA) AND ARE DESIGNED TO BE THE BEST BEGINNING ICE-SKATING PROGRAM. THE LEARN TO SKATE PROGRAM ALLOWS SKATERS OF ALL AGES AND ABILITIES TO LEARN THE FUNDAMENTAL SKILLS NECESSARY TO PLAY HOCKEY, FIGURE SKATE OR JUST RECREATIONAL SKATING.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
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