Ann Arbor Figure Skating Club (EIN 237298953) - 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

1973

Legal Domicile

Principal Officer

Craig Forsyth

Phone

7342136768

Tax Period

2024-06-01 to 2025-05-31

Ann Arbor Figure Skating Club, founded in 1973, is a community nonprofit in the Recreation & Sports sector that reported $1.9M in total revenue in fiscal year 2024.

Mission

The AAFSC serves the skating community and beyond as it strives to provide state of the art programs, education, and opportunities for skater excellence in a safe, supportive and fun environment.

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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 $105,429

Program Service Revenue $1,914,536

Investment Income $10,659

Other Revenue $-99,721

TOTAL REVENUE $1,930,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $578,763

Fundraising Expenses $0

Program Expenses $1,808,847

Other Expenses $1,334,893

TOTAL EXPENSES $1,913,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,930,903	$1,952,152	0.0%
Expenses	$1,913,656	$1,868,622	+0.0%
Net Income	$17,247	$83,530	-0.8%

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

450

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

$76,956

Total Directors

$51,963

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kate Patil	President	1.00	Officer Director	$0	$0	$0
Christine Wyboo	Vice President	1.00	Officer Director	$0	$0	$0
Melanie Wyboo	Vice President	1.00	Officer Director	$0	$0	$0
Karen Meints	Secretary	1.00	Officer Director	$0	$0	$0
Carmen Fox	Treasurer	1.00	Officer Director	$0	$0	$0
Tiffany Roost	Director	1.00	Director	$0	$0	$0
Wei Han	Director	1.00	Director	$0	$0	$0
Bonnie Shay	Director	1.00	Director	$0	$0	$0
Lindsay Grajeck Ended	Director	40.00	Director	$51,963	$0	$51,963
Craig Forsyth	Director of Operations	40.00	Officer	$76,956	$0	$76,956

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	$1,930,903	$1,913,656	$928,117	$17,247
2024	$1,952,152	$1,868,622	$868,373	$83,530
2023	$1,649,328	$1,672,354	$821,195	$-23,026
2022	$1,495,763	$1,472,814	$884,468	$22,949
2021	$880,512	$871,710	$605,124	$8,802
2020	$1,225,133	$1,320,849	$647,260	$-95,716
2019	$1,407,891	$1,368,062	$953,088	$39,829

Ann Arbor Figure Skating Club