WATERTOWN FIGURE SKATE CLUB 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

2009

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

WATERTOWN FIGURE SKATE CLUB INC, founded in 2009, is a community nonprofit in the Recreation & Sports sector that reported $1.9M in total revenue in fiscal year 2022. Revenue surged 500% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 95% operating margin.

Mission

WATERTOWN FIGURE SKATE CLUB INC IS COMMITTED TO PROVIDING OPPORTUNITIES AND RESOURCES TO ASSIST SKATERS IN REACHING THEIR GOALS

Program Service Accomplishments

Program 1

Expenses: $80,596

PROVIDE OPPORTUNITIES AND RESOURCES TO ASSIST SKATERS IN REACHING THEIR GOALS

Program 2

BUILD IT NOW CAMPAIGN

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,781,933

Program Service Revenue $72,896

Investment Income $12,383

Other Revenue $-2,245

TOTAL REVENUE $1,864,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,596

Other Expenses $87,895

TOTAL EXPENSES $87,895

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,864,967	$310,993	+5.0%
Expenses	$87,895	$73,361	+0.2%
Net Income	$1,777,072	$237,632	+6.5%

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

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
SHELLY SOCIA	MEMBER AT LARGE	2.50	Director	$0	$0	$0
HALEY GOSSEN	MEMBER AT LARGE	2.50	Director	$0	$0	$0
KAREN MACK	MEMBER AT LARGE	2.50	Director	$0	$0	$0
LYDIA JATON	MEMBER AT LARGE	2.50	Director	$0	$0	$0
BECKY REEVES	MEMBER AT LARGE	2.50	Director	$0	$0	$0
NICOL HUYVAERT	MEMBER AT LARGE	2.50	Director	$0	$0	$0
DANI HINKELMAN	MEMBER AT LARGE	2.50	Director	$0	$0	$0
JEANNE PAULSON	PRESIDENT	15.00	Officer Director	$0	$0	$0
MARCY KOHL	BIN TREASURER	15.00	Officer Director	$0	$0	$0
JODI DRISCOLL	BIN PRESIDENT	15.00	Officer Director	$0	$0	$0
JENNY KASUSKE	BIN VICE PRESIDENT	15.00	Officer Director	$0	$0	$0
KARI STEIN	SECRETARY	15.00	Officer Director	$0	$0	$0
EMILY SOVELL	TREASURER	15.00	Officer Director	$0	$0	$0
SCOTT PFAFF	VICE PRESIDENT	15.00	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,864,967	$87,895	$2,054,895	$1,777,072
2022	$310,993	$73,361	$277,476	$237,632