SOUTHWEST MICHIGAN SKATING CLUB (EIN 382881145) - 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

1989

Legal Domicile

Principal Officer

SUSAN REED

Phone

2699780118

Tax Period

2022-07-01 to 2023-06-30

SOUTHWEST MICHIGAN SKATING CLUB, founded in 1989, is a small nonprofit in the Recreation & Sports sector that reported $654K in total revenue in fiscal year 2022. Revenue fell 34% from the prior year — a significant decline worth monitoring.

Mission

TO ESTABLISH, ADMINISTER, AND PROMOTE AN EDUCATION PROGRAM DEVOTED TO THE PROMOTION OF AMATEUR FIGURE SKATING AND PHYSICAL FITNESS WITHIN THE COMMUNITY IN ACCORDANCE WITH THE GENERAL POLICIES OF UNITED STATES FIGURE SKATING. OFFERING VARIOUS OPPORTUNITIES FOR PEOPLE OF ALL AGES, ABILITIES, AND INTERESTS, FROM THE RECREATIONAL SKATERS TO THOSE INTERESTED IN GAINING SOLID SKATING SKILLS.

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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 $28,595

Program Service Revenue $617,477

Investment Income $7,428

Other Revenue $53

TOTAL REVENUE $653,553

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $633,130

Other Expenses $671,037

TOTAL EXPENSES $673,037

Year-over-Year Comparison

	2022	2021	Change
Revenue	$653,553	$987,852	-0.3%
Expenses	$673,037	$857,270	-0.2%
Net Income	$-19,484	$130,582	-1.1%

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

250

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
SUSAN REED	PRESIDENT	4.00	Officer Director	$0	$0	$0
KELLY FELTON	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
JANICE RUMPH	TREASURER	7.00	Officer Director	$0	$0	$0
BRYNN ANDERSON	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHELLE PIEL	MEMBER	6.00	Director	$0	$0	$0
RACHEL JOHNSON	MEMBER	2.00	Director	$0	$0	$0
CHERYL PICKETT	MEMBER	2.00	Director	$0	$0	$0
JESSICA PONTON	MEMBER	2.00	Director	$0	$0	$0
KELLY CUTSINGER	MEMBER	2.00	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	$653,553	$673,037	$557,890	$-19,484
2022	$987,852	$857,270	$540,568	$130,582
2021	$210,040	$253,499	$408,394	$-43,459
2020	$435,027	$460,806	$445,724	$-25,779
2019	$830,655	$646,174	$480,123	$184,481

SOUTHWEST MICHIGAN SKATING CLUB