FSC OF MADISON 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

1963

Legal Domicile

Principal Officer

LAURA FRANZEN-ELMER

Phone

6085143125

Tax Period

2024-07-01 to 2025-06-30

FSC OF MADISON INC, founded in 1963, is a small nonprofit in the Recreation & Sports sector that reported $315K in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $304K left a modest 4% surplus.

Mission

THE PRINCIPAL PURPOSE OF THE CLUB IS TO FOSTER EDUCATION OF FIGURE SKATING ON ICE IN ALL ITS FORMS, FOR THE BENEFIT OF YOUTH, TO FOSTER NATIONAL AND INTERNATIONAL COMPETITION AND TO PROMOTE THE GENERAL HEALTH OF THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $140,753 Revenue: $125,434

PURCHASE OF ICE FACILITY TIME FROM MADISON ICE, INC. FOR FIGURE SKATERS (MEMBERS AND NON MEMBERS) AND SALE OF THAT PURCHASED ICE TO THE USER GROUP. MADISON ICE, INC. REQUIRES PURCHASE MONTHLY IN LUMP SUMS. WE PURCHASE AS A GROUP AND SELL BACK INDIVIDUALLY SO THAT SKATERS CAN AFFORD THE PURCHASE OF ICE AT SINGLE SKATER HOURLY RATE.

Program 2

Expenses: $90,542 Revenue: $108,016

ANNUAL FIGURE SKATING COMPETITIONS HOSTED BY OUR CLUB FOR SKATERS FROM OTHER CLUBS AS WELL AS OUR OWN.

Program 3

Expenses: $27,928 Revenue: $34,842

ANNUAL RECITAL FOR MEMBERS AND NON MEMBERS WHO ARE PART OF THE MADISON ICE, INC. LEARN TO SKATE GROUP

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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 $200

Program Service Revenue $311,148

Investment Income $2,162

Other Revenue $1,857

TOTAL REVENUE $315,367

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $299,582

Other Expenses $298,906

TOTAL EXPENSES $303,906

Year-over-Year Comparison

	2024	2023	Change
Revenue	$315,367	$181,593	+0.7%
Expenses	$303,906	$208,331	+0.5%
Net Income	$11,461	$-26,738	-1.4%

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

209

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
AMY SCHELLPFEFFER	PRESIDENT	10.00	Officer Director	$0	$0	$0
JESSICA HERMSEN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
HEATHER DUNCAN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
LAURA FRANZEN-ELMER	TREASURER	10.00	Officer Director	$0	$0	$0
KATRINA LADOPOULOS	SECRETARY	5.00	Officer Director	$0	$0	$0
SARA WITHROW	DIRECTOR	1.00	Director	$0	$0	$0
KELLY OLSON	DIRECTOR	1.00	Director	$0	$0	$0
TRICIA OFFERDAHL	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA LYONS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER FRISQUE	DIRECTOR	1.00	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	$315,367	$303,906	$161,595	$11,461
2024	$181,593	$208,331	$111,180	$-26,738
2023	$204,323	$237,438	$135,447	$-33,115
2022	$217,829	$201,593	$168,562	$16,236
2021	$264,227	$257,403	$152,326	$6,824
2020	$202,164	$233,039	$145,502	$-30,875
2019	$219,983	$202,522	$177,336	$17,461