NORTH SHORE ICE ARENA LLC

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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

2007

Legal Domicile

Principal Officer

SEAN LUTZ

Phone

8474801800

Tax Period

2023-07-01 to 2024-06-30

NORTH SHORE ICE ARENA LLC, founded in 2007, is a community nonprofit in the Recreation & Sports sector that reported $2.1M in total revenue in fiscal year 2023.

Mission

ESTABLISHED FOR CHARITABLE AND EDUCATIONAL PURPOSES, TO ENGAGE IN THE BUSINESS OF THE OWNERSHIP AND OPERATION OF AN ICE ARENA WHICH INCLUDES THE PROMOTION, TRAINING, TEACHING AND DEVELOPMENT OF THE SPORTS OF ORGANIZED YOUTH HOCKEY AND FIGURE SKATING AND RELATED ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $2,002,237 Revenue: $2,041,962

THE ORGANIZATION OPERATES AN ICE ARENA WHICH SHALL INCLUDE, AMONG OTHER THINGS, THE PROMOTION, TRAINING, TEACHING AND DEVELOPMENT OF THE SPORTS OF YOUTH HOCKEY AND FIGURE SKATING AND ACTIVITIES...

THE ORGANIZATION OPERATES AN ICE ARENA WHICH SHALL INCLUDE, AMONG OTHER THINGS, THE PROMOTION, TRAINING, TEACHING AND DEVELOPMENT OF THE SPORTS OF YOUTH HOCKEY AND FIGURE SKATING AND ACTIVITIES RELATED THERETO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,041,962

Investment Income $44,306

Other Revenue $59,550

TOTAL REVENUE $2,145,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,002,237

Other Expenses $2,294,335

TOTAL EXPENSES $2,294,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,145,818	$2,003,688	+0.1%
Expenses	$2,294,335	$2,205,102	+0.0%
Net Income	$-148,517	$-201,414	-0.3%

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
SEAN LUTZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS PAULY	TREASURER	0.50	Officer Director	$0	$0	$0
SCOTTIE LEE	MEMBER	1.00	Director	$0	$0	$0
JEREMY HOLLIS	MEMBER	1.00	Director	$0	$0	$0
STEVE BLONSKY	MEMBER	1.00	Director	$0	$0	$0
TODD VENDOR	MEMBER	0.50	Director	$0	$0	$0
DON LAPATO	MANAGER	40.00	Officer	$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	No data	No data	No data	No data
2024	$2,145,818	$2,294,335	$19,320,601	$-148,517
2023	$2,003,688	$2,205,102	$19,659,822	$-201,414
2022	$1,961,500	$1,999,108	$6,117,286	$-37,608
2021	$1,838,299	$2,026,629	$6,337,689	$-188,330
2020	$1,865,850	$1,940,790	$6,644,502	$-74,940
2019	$1,813,960	$1,988,385	$6,840,333	$-174,425