TEAMS ELITE SYNCHRONIZED SKATING CLUB

EIN: 853813668 501(c)(3)

WAUCONDA, IL

Total Revenue
$2,228,761
Total Expenses
$2,231,433
Total Assets
$489,635
Net Assets
$198,404
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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
2020
Legal Domicile
IL
Principal Officer
ANGUS SHIELDS
Phone
7084710058
Tax Period
2024-04-01 to 2025-03-31

TEAMS ELITE SYNCHRONIZED SKATING CLUB, founded in 2020, is a micro nonprofit that reported $27K in total revenue in fiscal year 2020. The organization ran a surplus of $18K, a strong 66% operating margin.

Mission

THE ORGANIZATION SUPPORTS AND DEVELOPS AMATEUR ATHLETES LIVING IN THE CHICAGOLAND AREA TO TRAIN FOR AND COMPETE IN LOCAL, NATIONAL AND INTERNATIONAL COMPLETIONS. THE MISSION IS TO LEAD THE SPORT OF SYNCHRONIZED SKATING IN THE PURSUIT OF ORGANIZATIONAL AND ATHLETIC EXCELLENCE.

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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 $1,386,295
Program Service Revenue $826,713
Investment Income $15,753
Other Revenue $0
TOTAL REVENUE $2,228,761

Expense Breakdown

Grants Paid $0
Salaries & Benefits $248,620
Fundraising Expenses $0
Program Expenses $2,112,825
Other Expenses $1,982,813
TOTAL EXPENSES $2,231,433

Year-over-Year Comparison

2024 2023 Change
Revenue $2,228,761 $1,940,782 +0.1%
Expenses $2,231,433 $1,888,164 +0.2%
Net Income $-2,672 $52,618 -1.1%
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
8
Independent Members
8
Employees
1
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
3
$17,500
Total Directors
0
$0
Key Employees
1
$219,842
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER LIM VICE-PRESIDENT 10.00
Officer
$0 $0 $0
EVETTE OSTROWER TREASURER 20.00
Officer
$0 $0 $0
ANGUS SHIELDS PRESIDENT 10.00
Officer
$17,500 $0 $17,500
DANIELLE KNAAK PROGRAM DIRECTOR 30.00
Key Emp
$219,842 $0 $219,842
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 $2,228,761 $2,231,433 $489,635 $-2,672
2024 $1,924,799 $1,847,883 $199,438 $76,916
2023 $1,575,235 $1,653,560 $158,297 $-78,325
2022 $1,445,195 $1,250,635 $236,567 $194,560
2021 $26,737 $9,017 $21,370 $17,720
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