GREATER GRAND RAPIDS FIGURE SKATING

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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

1990

Legal Domicile

Tax Period

2020-09-01 to 2021-08-31

GREATER GRAND RAPIDS FIGURE SKATING, founded in 1990, is a micro nonprofit in the Recreation & Sports sector that reported $87K in total revenue in fiscal year 2020. Expenses of $131K exceeded revenue, resulting in a 50% operating deficit.

Mission

AMATEUR FIGURE SKATING CLUB/COMPETITION

Program Service Accomplishments

Program 1

Expenses: $131,360 Revenue: $87,289

INSTRUCTION, PRACTICE, FREE SKATING, ICE DANCING, LEARN TO SKATE AND ALL OTHER TYUPES OF FIGURE SKATING FOR COMPETITION. PRESENTED CHISTMAS AND ICE SHOWS AND COMPETED IN THE GRAND RAPIDS OPEN.

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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 (2020)

Revenue Breakdown

Contributions & Grants $13,316

Program Service Revenue $73,973

Investment Income $0

Other Revenue $0

TOTAL REVENUE $87,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $131,360

Other Expenses $131,360

TOTAL EXPENSES $131,360

Year-over-Year Comparison

	2020	2019	Change
Revenue	$87,289	$82,371	+0.1%
Expenses	$131,360	$103,990	+0.3%
Net Income	$-44,071	$-21,619	+1.0%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
APRIL TREADO	BOARD MEMBER	2.00	Director	$0	$0	$0
EMILY DURKIN	BOARD MEMBER	2.00	Director	$0	$0	$0
KIM LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS PEIRCE	TREASURER	2.00	Officer	$0	$0	$0
KELSEY COOPER	PRESIDENT	4.00	Officer	$0	$0	$0
STACEY SAPP	VICE-PRESIDENT	3.00	Officer	$0	$0	$0
KIM LEWIS	SECRETARY	2.00	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
2021	$87,289	$131,360	$105,845	$-44,071
2020	$82,371	$103,990	$149,916	$-21,619