FORESTWOOD SKATING 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

2017

Legal Domicile

Phone

2166476185

Tax Period

2024-09-01 to 2025-08-31

FORESTWOOD SKATING CLUB INC, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $574K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $500K left a modest 13% surplus.

Mission

SKATING LESSONS PROVIDED INCLUDING COMPETITION OPPORTUNITIES

Program Service Accomplishments

Program 1

Expenses: $500,173

SKATING LESSONS PROVIDED INCLUDING COMPETITION OPPORTUNITIES. MONEY RAISING ACTIVITIES TO DONATE TO OTHER TAX EXEMPT ORGINATIONS SUCH AS SCHOOLS, COLLEGE AND CHURCHES.

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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 $567,630

Program Service Revenue $0

Investment Income $1,189

Other Revenue $5,205

TOTAL REVENUE $574,024

Expense Breakdown

Grants Paid $335,112

Salaries & Benefits $22,157

Fundraising Expenses $0

Program Expenses $500,173

Other Expenses $142,904

TOTAL EXPENSES $500,173

Year-over-Year Comparison

	2024	2023	Change
Revenue	$574,024	$506,543	+0.1%
Expenses	$500,173	$390,580	+0.3%
Net Income	$73,851	$115,963	-0.4%

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
Daniel Lambert	N/A	5.00	Director	$0	$0	$0
Heather Murray	N/A	5.00	Director	$0	$0	$0
Amanda Lambert	N/A	5.00	Director	$0	$0	$0
Alicia Dawson	N/A	5.00	Director	$0	$0	$0
Vladimir Fedorchuk	N/A	5.00	Director	$0	$0	$0
COREY GRAY	PRESIDENT	20.00	Officer	$0	$0	$0
Edward Kiraly	Treasurer	10.00	Officer	$0	$0	$0
Jackie Gray	Secretary	30.00	Officer	$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	$574,024	$500,173	$449,956	$73,851
2024	$506,543	$390,580	$376,105	$115,963
2023	$339,105	$386,710	$263,247	$-47,605
2022	$547,478	$403,258	$299,938	$144,220
2021	$221,613	$214,817	$104,871	$6,796
2020	$403,926	$425,692	$98,062	$-21,766
2019	$542,851	$560,971	$119,652	$-18,120