NEW ENGLAND AMATEUR SKATING FOUNDATION INC (EIN 223018121) - 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

1989

Legal Domicile

Principal Officer

CAROL ANNE BENNETT

Phone

4018617835

Tax Period

2023-01-01 to 2023-12-31

NEW ENGLAND AMATEUR SKATING FOUNDATION INC, founded in 1989, is a small nonprofit that reported $282K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $319K exceeded revenue, resulting in a 13% operating deficit.

Mission

PROMOTE COMPETITIVE FIGURE 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 (2023)

Revenue Breakdown

Contributions & Grants $262,073

Program Service Revenue $0

Investment Income $19,719

Other Revenue $0

TOTAL REVENUE $281,792

Expense Breakdown

Grants Paid $298,692

Salaries & Benefits $10,773

Fundraising Expenses $0

Program Expenses $298,692

Other Expenses $9,149

TOTAL EXPENSES $318,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$281,792	$378,538	-0.3%
Expenses	$318,614	$382,670	-0.2%
Net Income	$-36,822	$-4,132	+7.9%

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

N/A

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

$10,000

Total Directors

$10,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL ANNE BENNETT	PRESIDENT AND TREASURER	5.00	Officer Director	$10,000	$0	$10,000
CHRISTINE TOWNSEND	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN DUNCKLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID E EDMONDS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
VICTORIA DORITY	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$281,792	$318,614	$526,055	$-36,822
2022	$378,538	$382,670	$537,011	$-4,132
2021	$557,183	$607,842	$687,588	$-50,659
2020	$695,600	$628,472	$742,477	$67,128
2019	$662,454	$566,805	$602,605	$95,649
2018	$737,663	$789,331	$445,263	$-51,668

NEW ENGLAND AMATEUR SKATING FOUNDATION INC