READING ICE ARENA AUTHORITY INC (EIN 223186247) - 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

1992

Legal Domicile

Principal Officer

DAVID HUNTER

Phone

7819422271

Tax Period

2023-07-01 to 2024-06-30

READING ICE ARENA AUTHORITY INC, founded in 1992, is a community nonprofit in the Recreation & Sports sector that reported $1.0M in total revenue in fiscal year 2023. Expenses of $895K left a modest 12% surplus.

Mission

TO OPERATE THE BURBANK ICE ARENA AND TO FOSTER YOUTH DEVELOPMENT THROUGH LOCAL, NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION IN HOCKEY AND FIGURE SKATING, AND TO ENGAGE IN EDUCATIONAL AND OTHER RELATED ACTIVITIES AS TO AMATEUR ATHLETICS AND PUBLIC 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 $0

Program Service Revenue $975,950

Investment Income $1,948

Other Revenue $33,953

TOTAL REVENUE $1,011,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $451,202

Fundraising Expenses $0

Program Expenses $778,674

Other Expenses $443,320

TOTAL EXPENSES $894,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,011,851	$990,075	+0.0%
Expenses	$894,522	$1,022,098	-0.1%
Net Income	$117,329	$-32,023	-4.7%

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

Total Directors

Key Employees

$232,197

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS HUGHES	PRESIDENT	1.00	Director	$0	$0	$0
DAVID A HUNTER	TREASURER	1.00	Director	$0	$0	$0
MARK DOHERTY	CLERK	1.00	Director	$0	$0	$0
JAMES LISTON	DIRECTOR	1.00	Director	$0	$0	$0
KATHALEEN CUTONE	DIRECTOR	1.00	Director	$0	$0	$0
CARL MCFADDEN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FORISTHALL	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD PEDUTO	RINK MANAGER	50.00	Key Emp	$198,978	$33,219	$232,197

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	$1,011,851	$894,522	$734,472	$117,329
2023	$990,075	$1,022,098	$753,596	$-32,023
2022	$892,409	$891,914	$696,980	$495
2021	$753,778	$715,532	$661,628	$38,246
2020	$712,234	$781,478	$665,205	$-69,244
2019	$890,043	$916,974	$749,728	$-26,931
2018	$852,521	$817,734	$730,518	$34,787

READING ICE ARENA AUTHORITY INC