ORONO ICE ARENA 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

1996

Legal Domicile

Principal Officer

CHRISTIAN LUNDSGAARD

Phone

9524739300

Tax Period

2024-08-01 to 2025-07-31

ORONO ICE ARENA INC, founded in 1996, is a small nonprofit in the Recreation & Sports sector that reported $708K in total revenue in fiscal year 2024. Net assets of $2.9M represent 49 months of operating reserves.

Mission

TO PROVIDE A SAFE, HIGH-QUALITY, COST EFFECTIVE ICE FACILITY IN SUPPORT OF THE ORONO SCHOOL DISTRICT (DISTRICT 278), THE ORONO YOUTH HOCKEY ASSOCIATION, AND THE GREATER ORONO COMMUNITY. IN ORDER TO FULFILL THIS GOAL, IT IS NECESSARY THAT THE ORONO ICE ARENA, INC. MAINTAIN FINANCIAL VIABILITY AND OPERATIONAL CAPABILITY ON AN ONGOING BASIS.

Program Service Accomplishments

Program 1

Expenses: $370,483 Revenue: $683,266

PROVIDE FACILITIES AND ICE TIME FOR COMMUNITY YOUTH IN ORDER TO FOSTER THE GROWTH AND INTEREST IN YOUTH HOCKEY.

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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 $0

Program Service Revenue $681,104

Investment Income $18,423

Other Revenue $8,302

TOTAL REVENUE $707,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $222,246

Fundraising Expenses $0

Program Expenses $370,483

Other Expenses $548,050

TOTAL EXPENSES $770,296

Year-over-Year Comparison

	2024	2023	Change
Revenue	$707,829	$709,719	0.0%
Expenses	$770,296	$733,391	+0.1%
Net Income	$-62,467	$-23,672	+1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTIAN LUNDSGAARD	PRESIDENT	10.00	Officer Director	$0	$0	$0
RYAN MEIER	TREASURER	10.00	Officer Director	$0	$0	$0
ADAM NAFSTAD	SECRETARY	10.00	Officer Director	$0	$0	$0
LAURA WALLANDER	BOARD MEMBER	10.00	Director	$0	$0	$0
STEVE PERSIAN	BOARD MEMBER	10.00	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	$707,829	$770,296	$3,327,301	$-62,467
2024	$709,719	$733,391	$3,473,371	$-23,672
2023	$609,320	$736,117	$3,172,162	$-126,797
2022	$652,164	$675,084	$3,291,506	$-22,920
2021	$748,282	$649,279	$3,379,339	$99,003
2020	$570,333	$657,388	$3,221,607	$-87,055
2019	$640,117	$635,890	$3,216,362	$4,227
2018	$2,095,631	$622,139	$3,291,797	$1,473,492