FIGURE SKATING CLUB OF MINNEAPOLIS (EIN 411286388) - 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

1929

Legal Domicile

Principal Officer

MARK NERVIG

Phone

7636390501

Tax Period

2019-06-01 to 2020-05-31

FIGURE SKATING CLUB OF MINNEAPOLIS, founded in 1929, is a small nonprofit that reported $167K in total revenue in fiscal year 2019. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $160K left a modest 4% surplus.

Mission

TO ENCOURAGE THE INSTRUCTION, PRACTICE & ADVANCEMENT OF MEMBERS IN MOVES IN THE FIELD, FREE SKATING, PAIR SKATING, SYNCHRONIZED TEAM & ALL TYPES OF FIGURE SKATING; TO ENCOURAGE & CULTIVATE A SPIRIT OF FRATERNAL FEELING AMONG ICE SKATERS, TO SPONSOR, TO PRODUCE OR COOPERATE IN THE PRODUCTION OF AMATEUR ICE SHOWS & COMPETITIONS; & TO CARRY OUT THE GENERAL POLICIES OF THE UNITED STATES FIGURE SKATING ASSOCIATION.

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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 (2019)

Revenue Breakdown

Contributions & Grants $137

Program Service Revenue $165,886

Investment Income $437

Other Revenue $172

TOTAL REVENUE $166,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,095

Other Expenses $159,707

TOTAL EXPENSES $159,707

Year-over-Year Comparison

	2019	2018	Change
Revenue	$166,632	$208,874	-0.2%
Expenses	$159,707	$207,896	-0.2%
Net Income	$6,925	$978	+6.1%

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

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
WILLIAM LARSON	President	10.00	Officer Director	$0	$0	$0
AMY SPECK	Vice President	10.00	Officer Director	$0	$0	$0
MONICA LASH	Treasurer	10.00	Officer Director	$0	$0	$0
KIM PETERSEN	Secretary	5.00	Officer Director	$0	$0	$0
TRACEY SABBY	Director	5.00	Director	$0	$0	$0
ANNA TRACY	Director	5.00	Director	$0	$0	$0
LYNDA LUBRATT	Director	5.00	Director	$0	$0	$0
TOM LINDSAY	Director	5.00	Director	$0	$0	$0
CARRIE KALING	Director	5.00	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
2020	$166,632	$159,707	$64,733	$6,925
2019	$208,874	$207,896	$89,443	$978
2018	$240,922	$238,996	$90,195	$1,926

FIGURE SKATING CLUB OF MINNEAPOLIS