PETTIT NATIONAL ICE CENTER INC

EIN: 391712146 501(c)(3) Recreation & Sports

MILWAUKEE, WI

Total Revenue
$3,793,341
Total Expenses
$3,396,008
Total Assets
$9,324,277
Net Assets
$9,145,631
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
WI
Principal Officer
CHARLES HENDERSON
Phone
4142660100
Tax Period
2024-09-01 to 2025-08-31

PETTIT NATIONAL ICE CENTER INC, founded in 1991, is a community nonprofit in the Recreation & Sports sector that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $3.4M left a modest 10% surplus.

Mission

TO PROMOTE, OFFER, AND SUPPORT RECREATIONAL, INSTRUCTIONAL, COMPETITIVE ICE SKATING-RELATED ACTIVITIES, AND PROGRAMS FOR THE WELL BEING OF ITS USERS AND COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $1,903,601 Revenue: $902,299

SPEED SKATINGTHE PETTIT NATIONAL ICE CENTER HAS BEEN AN ELITE TRAINING SITE FOR OLYMPIC-LEVEL SPEEDSKATERS SINCE ITS OPENING 12/31/92. BY AGREEMENT WITH US SPEEDSKATING (USS), NATIONAL GOVERNING BODY...

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SPEED SKATINGTHE PETTIT NATIONAL ICE CENTER HAS BEEN AN ELITE TRAINING SITE FOR OLYMPIC-LEVEL SPEEDSKATERS SINCE ITS OPENING 12/31/92. BY AGREEMENT WITH US SPEEDSKATING (USS), NATIONAL GOVERNING BODY UNDER THE USOC, THE PETTIT CENTER PROVIDES FREE OR DISCOUNTED ON-ICE AND OFF-ICE TRAINING FACILITIES FOR QUALIFIED USS AND HIGH POTENTIAL ATHLETES. IN ADDITION, THE PETTIT CENTER HOSTS REGIONAL AND NATIONAL COMPETITIONS AS MAY BE DESIGNATED BY USS.

Program 2
Expenses: $870,190 Revenue: $2,419,275

HOCKEY, PUBLIC USE AND FIGURE SKATINGTHE PETTIT NATIONAL ICE CENTER SERVICES THE COMMUNITY WITH DAILY SKATING SESSIONS. THESE SESSIONS SUPPORT AND PROMOTE SKATING AS A HEALTHY AND FUN ACTIVITY FOR...

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HOCKEY, PUBLIC USE AND FIGURE SKATINGTHE PETTIT NATIONAL ICE CENTER SERVICES THE COMMUNITY WITH DAILY SKATING SESSIONS. THESE SESSIONS SUPPORT AND PROMOTE SKATING AS A HEALTHY AND FUN ACTIVITY FOR THE WHOLE FAMILY. THEY ARE ALSO POPULAR FOR YOUTH AND ADULT GROUP RECREATIONAL ACTIVITIES INCLUDING BUT NOT LIMITED TO KIDS ON ICE SCHOOL FIELD TRIPS AND OUTINGS BY THE BOY SCOUTS OF AMERICA AND GIRL SCOUTS OF AMERICA. ADDITIONALLY, THE PETTIT CENTER'S INDOOR 450-METER RUNNING TRACK IS UTILIZED ALMOST DAILY BY INDIVIDUALS AND GROUPS SUCH AS HIGH SCHOOLS, COLLEGES AND RUNNING CLUBS.

Program 3
Expenses: $352,271 Revenue: $251,040

SKATING SCHOOLTHE PETTIT NATIONAL ICE CENTER OFFERS PROGRAMS OF INSTRUCTION AT INTRODUCTORY, BASIC SKILLS AND DEVELOPMENT LEVELS FOR RECREATIONAL SKATING, FIGURE SKATING, SPEED SKATING AND HOCKEY...

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SKATING SCHOOLTHE PETTIT NATIONAL ICE CENTER OFFERS PROGRAMS OF INSTRUCTION AT INTRODUCTORY, BASIC SKILLS AND DEVELOPMENT LEVELS FOR RECREATIONAL SKATING, FIGURE SKATING, SPEED SKATING AND HOCKEY. THE INTRODUCTORY PROGRAMS INCLUDE THE SCHOOLS ON ICE SKATING INSTRUCTION FOR AREA SCHOOL - AND HOME-SCHOOL STUDENTS. PETTIT CENTER SKATING SCHOOL FOLLOWS THE USA HOCKEY AND U.S. FIGURE SKATING SKILLS STANDARDS. THE PETTIT CENTER SKATING SCHOOL IS RECOGNIZED BY U.S. FIGURE SKATING AS ONE OF THE LARGEST PROGRAMS IN THE NATION. THE BASIC SKILLS PROGRAMS ALSO ENCOURAGE PARTICIPANTS TO CONTINUE THEIR DEVELOPMENT BY JOINING LOCAL FIGURE, HOCKEY AND SPEED SKATING CLUBS. THE DEVELOPMENT PROGRAMS INCLUDE CAMPS, LEAGUES AND SPECIAL EMPHASIS TRAINING FOR THE THREE ICE SPORTS AND RECREATIONAL SKATERS. THE FACILITY ALSO HOSTS REGIONAL, NATIONAL AND INTERNATIONAL COMPETITIONS AND EVENTS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $153,895
Program Service Revenue $3,572,614
Investment Income $66,832
Other Revenue $0
TOTAL REVENUE $3,793,341

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,188,381
Fundraising Expenses $28,627
Program Expenses $3,126,062
Other Expenses $2,207,627
TOTAL EXPENSES $3,396,008

Year-over-Year Comparison

2024 2023 Change
Revenue $3,793,341 $2,838,737 +0.3%
Expenses $3,396,008 $2,522,550 +0.3%
Net Income $397,333 $316,187 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
105
Volunteers
75

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
5
$120,300
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONNIE BLAIR-CRUIKSHANK VICE-CHAIRPERSON 1.00
Officer Director
$0 $0 $0
CHARLES I HENDERSON PRESIDENT/CHAIRPERSON 1.00
Officer Director
$0 $0 $0
PAT O'BRIEN VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
SEAN BOSACK DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL F LINDEMANN TREASURER 1.00
Director
$0 $0 $0
CRAIG SCHIEFELBEIN DIRECTOR 1.00
Director
$0 $0 $0
BEN HOLBROOK SECRETARY 1.00
Officer Director
$0 $0 $0
PAUL GOLOMSKI GENERAL MANAGER 50.00
Officer
$120,300 $0 $120,300
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 $3,793,341 $3,396,008 $9,324,277 $397,333
2024 $2,838,737 $2,522,550 $8,908,072 $316,187
2023 $2,545,966 $2,343,430 $8,624,980 $202,536
2022 $2,795,086 $2,339,443 $8,400,866 $455,643
2021 $2,082,270 $1,970,623 $8,327,759 $111,647
2020 $2,395,085 $2,487,108 $8,124,034 $-92,023
2019 $2,727,287 $2,504,096 $8,068,595 $223,191
2018 $2,797,592 $2,475,843 $8,524,202 $321,749
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