ICE 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

1993

Legal Domicile

Principal Officer

JOE GASTEL

Phone

6088457465

Tax Period

2024-01-01 to 2024-12-31

ICE INC, founded in 1993, is a community nonprofit in the Recreation & Sports sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE OPERATION OF AN ICE SKATING FACILITY ACCESSIBLE TO THE PUBLIC FOR AN AFFORDABLE FEE.

Program Service Accomplishments

Program 1

Expenses: $1,394,907 Revenue: $1,262,984

THE OPERATION OF AN ICE SKATING FACILITY ACCCESSSIBLE TO THE PUBLIC FOR AN AFFORDABLE FEE AND HIGH SCHOOL AND YOUTH SPORTING ACTIVITIES. ALSO OFFERS YOUTH CAMPS AND TRAINING FOR HOCKEY, SKATING AND REFEREES. PUBLIC SKATING PROVIDES AN OPPORTUNITY FOR THE GENERAL PUBLIC TO ENJOY THE ARENA. HUNDREDS HAVE BEEN SERVED THROUGH THE PROGRAM.

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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 $311,816

Program Service Revenue $950,755

Investment Income $413

Other Revenue $0

TOTAL REVENUE $1,262,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $301,393

Fundraising Expenses $0

Program Expenses $1,394,907

Other Expenses $1,115,417

TOTAL EXPENSES $1,416,810

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,262,984	$1,227,654	+0.0%
Expenses	$1,416,810	$655,564	+1.2%
Net Income	$-153,826	$572,090	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COURTNEY CORNING	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JOE GASTEL	TREASURER	N/A	Officer Director	$0	$0	$0
TONY HEINRICHS	DIRECTOR	N/A	Director	$0	$0	$0
CRAIG NELSON	SECRETARY	N/A	Officer Director	$0	$0	$0
MIKE O'BRIEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
JUSTIN TEMPLE	DIRECTOR	N/A	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	$1,262,984	$1,416,810	$10,486,329	$-153,826
2023	$1,227,654	$655,564	$12,270,677	$572,090
2022	$5,064,784	$587,229	$6,557,184	$4,477,555
2021	$1,532,757	$500,385	$2,064,264	$1,032,372
2020	$362,464	$454,160	$1,068,890	$-91,696
2019	$562,436	$515,717	$1,116,578	$46,719
2018	$512,988	$448,713	$1,086,756	$64,275