THE SKATING CLUB OF WILMINGTON INC

EIN: 510101072 501(c)(3) Recreation & Sports

WILMINGTON, DE

Total Revenue
$1,469,795
Total Expenses
$1,075,062
Total Assets
$1,746,444
Net Assets
$1,438,981
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
DE
Principal Officer
SHARON HATCHERSON
Phone
3026565005
Tax Period
2024-09-01 to 2025-08-31

THE SKATING CLUB OF WILMINGTON INC, founded in 1964, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $395K, a strong 27% operating margin.

Mission

THE SKATING CLUB OF WILMINGTON (SCW) IS A NON-PROFIT, 501 (C)(3) CORPORATION WHICH OPERATES AS A MULTI-FACETED CLUB PRIMARILY FOCUSED ON ICE SKATING IN ALL ITS FORMS AND THOSE OTHER ACTIVITIES WHICH SUPPORT OR ENHANCE ICE SKATING. IT SERVES ALL AGE GROUPS AND STRIVES TO HAVE A PRACTICAL MIX OF HOCKEY, SERIOUS COMPETITORS, FIGURE SKATERS, ICE DANCERS, SYNCHRONIZED SKATING TEAMS, RECREATIONAL SKATERS, AND COMMUNITY SERVICE WHILE PREVENTING ANY ONE ACTIVITY FROM GROWING SO LARGE AS TO PREVENT THE PROPER SERVING OF ANY OTHER GROUP. IT ALSO EMPHASIZES THE HEALTH AND FITNESS BENEFITS OF ICE SKATING TO ALL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $402,118
Program Service Revenue $1,046,039
Investment Income $-2,489
Other Revenue $24,127
TOTAL REVENUE $1,469,795

Expense Breakdown

Grants Paid $0
Salaries & Benefits $448,550
Fundraising Expenses $0
Program Expenses $1,023,876
Other Expenses $626,512
TOTAL EXPENSES $1,075,062

Year-over-Year Comparison

2024 2023 Change
Revenue $1,469,795 $1,241,880 +0.2%
Expenses $1,075,062 $1,210,717 -0.1%
Net Income $394,733 $31,163 +11.7%
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

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Governance

Voting Members
9
Independent Members
9
Employees
32
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELINDA WEINSTEIN BOARD MEMBER 1.00
Director
$0 $0 $0
DONNA RAZIANO BOARD MEMBER 1.00
Director
$0 $0 $0
HONGXIAN HE BOARD MEMBER 1.00
Director
$0 $0 $0
SOPHIE SHEN BOARD MEMBER 1.00
Director
$0 $0 $0
VICTORIA MARGOLIS BOARD MEMBER 1.00
Director
$0 $0 $0
BILL MCGLINCHEY CO-PRESIDENT 10.00
Officer
$0 $0 $0
MARY BOWLER SECRETARY 10.00
Officer
$0 $0 $0
SHARON HATCHERSON TREASURER 10.00
Officer
$0 $0 $0
LESLIE FRENCH CO-PRESIDENT 10.00
Officer
$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 $1,469,795 $1,075,062 $1,746,444 $394,733
2024 $1,241,880 $1,210,717 $1,645,864 $31,163
2023 $990,555 $931,569 $1,346,422 $58,986
2022 $1,328,074 $801,217 $1,097,562 $526,857
2021 $694,884 $643,886 $963,675 $50,998
2020 $683,779 $653,137 $525,047 $30,642
2019 $785,266 $760,750 $474,212 $24,516
2018 $804,099 $783,568 $494,884 $20,531
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