SKATING COUNCIL OF ILLINOIS

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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

2000

Legal Domicile

Principal Officer

Edward Mann

Phone

8476982533

Tax Period

2024-07-01 to 2025-06-30

SKATING COUNCIL OF ILLINOIS, founded in 2000, is a small nonprofit in the Recreation & Sports sector that reported $242K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $75K, a strong 31% operating margin.

Mission

The Skating Council of Illinois provides programs to encourage participation and achievement in the sport of figure skating on ice.

Program Service Accomplishments

Program 1

Expenses: $122,782 Revenue: $148,383

2025 Synchro Illinois Team Figure Skating Competition

Program 2

Expenses: $15,088 Revenue: $18,036

2025 Midwestern & Pacific Coast High School Sectional

Program 3

Expenses: $443 Revenue: $16,914

Provided technical equipment to member and non-member clubs to support electronic scoring, video replay, and music at figure skating competitions.

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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 $241,792

Investment Income $0

Other Revenue $550

TOTAL REVENUE $242,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $163,779

Other Expenses $167,341

TOTAL EXPENSES $167,341

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,342	$282,427	-0.1%
Expenses	$167,341	$265,290	-0.4%
Net Income	$75,001	$17,137	+3.4%

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
Edward Mann	President	20	Officer	$0	$0	$0
May Wiza	Vice President	20	Officer	$0	$0	$0
Lanny Nelson	Secretary	10	Officer	$0	$0	$0
Deborah Swanson	Treasurer	10	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	$242,342	$167,341	$146,039	$75,001
2024	$282,427	$265,290	$71,038	$17,137
2023	$395,576	$374,572	$53,901	$21,004
2022	$39,375	$74,383	$32,896	$-35,008
2018	$470,698	$425,335	$59,034	$45,363