Lake Minnetonka Figure Skating Club (EIN 411454126) - 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

1976

Legal Domicile

Principal Officer

Holly Winters

Tax Period

2024-07-01 to 2025-06-30

Lake Minnetonka Figure Skating Club, founded in 1976, is a small nonprofit that reported $436K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 26% operating margin.

Mission

Promote the sport of Figure Skating

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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 $54,453

Program Service Revenue $381,509

Investment Income $26

Other Revenue $0

TOTAL REVENUE $435,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $317,790

Other Expenses $324,618

TOTAL EXPENSES $324,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$435,988	$294,004	+0.5%
Expenses	$324,618	$310,921	+0.0%
Net Income	$111,370	$-16,917	-7.6%

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

150

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
Karen Wilcox	Secretary	015.00	Officer Director	$0	$0	$0
Holly Winters	Treasurer	015.00	Officer Director	$0	$0	$0
Libby Leavenworth	Ice Chair	015.00	Director	$0	$0	$0
Heather Stang	Events Chair	015.00	Director	$0	$0	$0
Patti Wolter	President	030.00	Officer Director	$0	$0	$0
Jackie Gustafson	Membership Chair	015.00	Director	$0	$0	$0
Thi Pruitt	Volunteer/Service Chair	015.00	Director	$0	$0	$0
Erica Koenig	Synchro Liaison	015.00	Director	$0	$0	$0
Emily Donnay	Communication Director	015.00	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
2025	$435,988	$324,618	$356,262	$111,370
2024	$294,004	$310,921	$244,889	$-16,917
2023	$288,535	$255,857	$261,717	$32,678

Lake Minnetonka Figure Skating Club