EAST ALTON CIVIC RINK MANAGEMENT

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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

1995

Legal Domicile

Principal Officer

LARRY THATCHER

Phone

6182547465

Tax Period

2023-05-01 to 2024-04-30

EAST ALTON CIVIC RINK MANAGEMENT, founded in 1995, is a small nonprofit in the Recreation & Sports sector that reported $862K in total revenue in fiscal year 2023. Expenses of $982K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO MANAGE, OPERATE, AND MAINTAIN THE VILLAGE-OWNED EAST ALTON ICE ARENA

Program Service Accomplishments

Program 1

Expenses: $981,915 Revenue: $614,859

MANAGEMENT, OPERATION, MAINTENANCE AND DEBT SERVICE PROVISION OF THE EAST ALTON ICE ARENA IN THE VILLAGE OF EAST ALTON, ILLINOIS FOR PUBLIC USAGE. THE EAST ALTON ICE ARENA IS THE ONLY YEAR-ROUND...

MANAGEMENT, OPERATION, MAINTENANCE AND DEBT SERVICE PROVISION OF THE EAST ALTON ICE ARENA IN THE VILLAGE OF EAST ALTON, ILLINOIS FOR PUBLIC USAGE. THE EAST ALTON ICE ARENA IS THE ONLY YEAR-ROUND INDOOR ICE SKATING RINK IN MADISON COUNTY, ILLINOIS.

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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 $614,859

Investment Income $41

Other Revenue $246,938

TOTAL REVENUE $861,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $592,011

Fundraising Expenses $0

Program Expenses $981,915

Other Expenses $389,904

TOTAL EXPENSES $981,915

Year-over-Year Comparison

	2023	2022	Change
Revenue	$861,838	$905,571	0.0%
Expenses	$981,915	$1,047,445	-0.1%
Net Income	$-120,077	$-141,874	-0.2%

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

$110,454

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY M FRANKLIN	PRESIDENT	0.40	Officer Director	$0	$0	$0
JEFFREY B LUKEN	TREASURER	0.40	Officer Director	$0	$0	$0
DENNIS GERLING	DIRECTOR	0.40	Director	$0	$0	$0
MIKE EDWARDS	DIRECTOR	0.40	Director	$0	$0	$0
MIKE NIKONOVICH	DIRECTOR	0.40	Director	$0	$0	$0
TRAVIS WIDMAN	DIRECTOR	0.40	Director	$0	$0	$0
ERIC SHRUMPF	DIRECTOR	0.40	Director	$0	$0	$0
LARRY THATCHER	GENERAL MANA	40.00	Officer	$86,425	$24,029	$110,454

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	$861,838	$981,915	$80,964	$-120,077
2023	$905,571	$1,047,445	$207,032	$-141,874
2022	$1,113,506	$941,915	$358,126	$171,591
2021	$1,024,151	$916,334	$292,140	$107,817
2020	$820,735	$874,078	$141,845	$-53,343
2019	$802,192	$798,377	$113,275	$3,815
2018	$819,916	$758,971	$100,981	$60,945