MID-CAPE ICE ARENA 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

1984

Legal Domicile

Principal Officer

LEWIS ALBERTI

Phone

5087602415

Tax Period

2024-07-01 to 2025-06-30

MID-CAPE ICE ARENA INC, founded in 1984, is a small nonprofit that reported $705K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE A SKATING RINK TO THE GENERAL PUBLIC

Program Service Accomplishments

Program 1

Expenses: $608,861 Revenue: $663,619

OPERATES A SKATING RINK FOR THE USE AND BENEFIT OF THE GENERAL PUBLIC,INCLUDING INDIVIDUALS, LOCAL HIGH SCHOOL TEAMS AND SKATING CLUBS. THE RINK ALSO PROVIDES SKATING LESSONS, CLINICS AND OTHER...

OPERATES A SKATING RINK FOR THE USE AND BENEFIT OF THE GENERAL PUBLIC,INCLUDING INDIVIDUALS, LOCAL HIGH SCHOOL TEAMS AND SKATING CLUBS. THE RINK ALSO PROVIDES SKATING LESSONS, CLINICS AND OTHER EVENTS FOR THE BENEFIT OF YOUTHS IN THE MID CAPE AREA.

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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 $41,015

Program Service Revenue $661,119

Investment Income $68

Other Revenue $2,500

TOTAL REVENUE $704,702

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $254,178

Fundraising Expenses $35,263

Program Expenses $608,861

Other Expenses $473,069

TOTAL EXPENSES $766,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$704,702	$551,026	+0.3%
Expenses	$766,747	$677,512	+0.1%
Net Income	$-62,045	$-126,486	-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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN JULIAN	CLERK	2.00	Officer Director	$0	$0	$0
LEWIS ALBERTI	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTOPHER KENT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MIKE RICHARD	TREASURER	2.00	Officer Director	$0	$0	$0
ANDREW FOSS	DIRECTOR	2.00	Director	$0	$0	$0
DAVID CAVATORTA	DIRECTOR	2.00	Director	$0	$0	$0
JOSHUA STEEL	MEMBER-ELECT	2.00	Director	$0	$0	$0
COLLEEN MYERS	DIRECTOR	2.00	Director	$0	$0	$0
BARRY ONEIL	DIRECTOR	2.00	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	$704,702	$766,747	$768,803	$-62,045
2024	$551,026	$677,512	$656,114	$-126,486
2023	$539,431	$596,957	$802,133	$-57,526
2022	$546,392	$535,158	$831,639	$11,234
2021	$453,263	$532,412	$900,301	$-79,149
2021	$453,263	$520,205	$895,466	$-66,942
2020	$439,704	$444,010	$976,397	$-4,306
2019	$456,030	$483,232	$1,013,842	$-27,202