IRVINE ICE FOUNDATION

EIN: 811555232 501(c)(3) Recreation & Sports

CORONA DEL MAR, CA

Total Revenue
$21,433,449
Total Expenses
$22,397,561
Total Assets
$105,180,097
Net Assets
$36,871,205
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CA
Principal Officer
AARON TEATS
Phone
9497604300
Tax Period
2024-01-01 to 2024-12-31

IRVINE ICE FOUNDATION, founded in 2016, is a mid-sized nonprofit in the Recreation & Sports sector that reported $21.4M in total revenue in fiscal year 2024.

Mission

PROVIDE ORANGE COUNTY WITH CULTURAL AND EDUCATION PROGRAMS INCLUDING INSTRUCTIONS ON ICE HOCKEY, SKATING AND RELATED SPORTS FOR GRAMMAR SCHOOL, HIGH SCHOOL AND COLLEGE PROGRAMS AND THE GENERAL PUBLIC THROUGH OPERATION OF AN ICE SKATING FACILITY IN ORANGE COUNTY, CALIFORNIA. PROVIDE FOR THE WELFARE OF YOUNG PEOPLE BY THE CONDUCT OF CHARITABLE ACTIVITIES AND MAINTENANCE OF SERVICES AND FACILITIES THAT WILL CONTRIBUTE TO THEIR PHYSICAL, SOCIAL, MENTAL AND SPIRITUAL HEALTH AT A MINIMUM COST TO THEM OR, WHERE APPROPRIATE, AT NO COST TO THEM.

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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 $754,059
Program Service Revenue $18,376,678
Investment Income $1,634
Other Revenue $2,301,078
TOTAL REVENUE $21,433,449

Expense Breakdown

Grants Paid $321,085
Salaries & Benefits $4,756,897
Fundraising Expenses $29,183
Program Expenses $18,439,024
Other Expenses $17,319,579
TOTAL EXPENSES $22,397,561

Year-over-Year Comparison

2024 2023 Change
Revenue $21,433,449 $20,374,052 +0.1%
Expenses $22,397,561 $21,534,621 +0.0%
Net Income $-964,112 $-1,160,569 -0.2%
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

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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
5
Independent Members
5
Employees
240
Volunteers
63

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
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON TEATS PRESIDENT/CHAIRMAN 1.00
Officer Director
$0 $0 $0
PETER MACDONALD SECRETARY 1.00
Officer Director
$0 $0 $0
HELMUT BIEMANN DIRECTOR 1.00
Director
$0 $0 $0
JEFF ALEXANDER DIRECTOR 1.00
Director
$0 $0 $0
COLIN REDDIN DIRECTOR 1.00
Director
$0 $0 $0
ART TROTTIER VICE PRESIDENT 1.00
Officer
$0 $0 $0
JAMES PEARSON TREASURER 1.00
Officer
$0 $0 $0
SHAYNE ARSENAULT GENERAL MANAGER 40.00
Highest
$129,190 $10,614 $139,804
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
2024 $21,433,449 $22,397,561 $105,180,097 $-964,112
2023 $20,374,052 $21,534,621 $108,003,868 $-1,160,569
2022 $20,138,979 $20,703,377 $111,002,499 $-564,398
2021 $33,455,655 $17,462,865 $121,930,053 $15,992,790
2020 $10,042,195 $15,990,691 $125,544,578 $-5,948,496
2019 $15,765,379 $18,225,115 $138,288,801 $-2,459,736
2018 $7,275,380 $6,213,183 $117,745,528 $1,062,197
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