PROFESSIONAL SKATERS ASSOCIATION

EIN: 411125012

ROCHESTER, MN

Total Revenue
$1,553,476
Total Expenses
$1,379,403
Total Assets
$3,435,042
Net Assets
$2,920,467
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
MN
Principal Officer
REBECCA STUMP
Phone
5072815122
Tax Period
2022-07-01 to 2023-06-30

PROFESSIONAL SKATERS ASSOCIATION, founded in 1938, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.4M left a modest 11% surplus.

Mission

PROVIDES EDUCATION, TRAINING, ACCREDITATION, AND SOCIAL GATHERINGS TO PROFESSIONALS SKATERS IN AN EFFORT TO EDUCATE AND ADVISE ALL PERSONS IN ALL PHASES OF ICE SKATING AND TO PROMOTE PROFICIENCY IN EVERY PHASE OF INSTRUCTION, COACHING AND TEACHING OF ICE SKATING. THE ORGANIZATION IS THE OFFICIAL COACHING ARM TO THE U.S. FIGURE SKATING (USFS) AND THE ICE SKATING INSTITUTE (ISI).

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,406,874
Investment Income $73,047
Other Revenue $73,555
TOTAL REVENUE $1,553,476

Expense Breakdown

Grants Paid $0
Salaries & Benefits $731,345
Fundraising Expenses $0
Other Expenses $648,058
TOTAL EXPENSES $1,379,403

Year-over-Year Comparison

2022 2021 Change
Revenue $1,553,476 $2,151,652 -0.3%
Expenses $1,379,403 $1,405,921 0.0%
Net Income $174,073 $745,731 -0.8%
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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Governance

Voting Members
20
Independent Members
20
Employees
8
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
6
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX CHANG PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
TIM COVINGTON 1ST VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
LISA HERNAND TREASURER 2.00
Officer Director
$0 $0 $0
PHILIP DIGUGLIELMO GOVERNOR 2.00
Director
$0 $0 $0
RUSS SCOTT GOVERNOR 2.00
Director
$0 $0 $0
REBECCA STUMP PRESIDENT 2.00
Officer Director
$0 $0 $0
PATRICK O'NEIL 2ND VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
ASHLEY WYATT GOVERNOR 2.00
Director
$0 $0 $0
ANDREA KUNZ-WILLIAMSON GOVERNOR 2.00
Director
$0 $0 $0
DENISE VIERA MEMBER AT LARGE 2.00
Director
$0 $0 $0
KIRSTEN MILLER-ZISHOLZ 3RD VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
PETER CAIN MEMBER AT LARGE 2.00
Director
$0 $0 $0
DARLENE LEWIS GOVERNOR 2.00
Director
$0 $0 $0
JILL STEWART GOVERNOR 2.00
Director
$0 $0 $0
CHERYL FAUST GOVERNOR 2.00
Director
$0 $0 $0
DENISE WILLIAMSON GOVERNOR 2.00
Director
$0 $0 $0
TERI HOOPER GOVERNOR 2.00
Director
$0 $0 $0
JANE SCHABER GOVERNOR 2.00
Director
$0 $0 $0
HEATHER PAIGE GOVERNOR 2.00
Director
$0 $0 $0
DANNY TATE GOVERNOR 2.00
Director
$0 $0 $0
JAMES L SANTEE RESIGNED EXECUTIVE DIRECTOR 35.00
$176,031 $32,782 $208,813
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 No data No data No data No data
2023 $1,553,476 $1,379,403 $3,435,042 $174,073
2022 $2,151,652 $1,405,921 $3,406,424 $745,731
2021 $1,613,851 $1,287,749 $3,084,415 $326,102
2020 $1,425,924 $1,510,792 $2,907,848 $-84,868
2019 $1,652,353 $1,771,914 $2,715,700 $-119,561
2018 $1,690,102 $1,767,347 $2,903,394 $-77,245
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