RACINE COUNTY ICE CENTER INC (EIN 871580866) - Form 990 Financial Analysis & Trantor Score

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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

2021

Legal Domicile

Principal Officer

MICHAEL FRONTIER

Phone

2624989417

Tax Period

2024-07-01 to 2025-06-30

RACINE COUNTY ICE CENTER INC, founded in 2021, is a micro nonprofit that reported $22K in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $477K exceeded revenue, resulting in a 2024% operating deficit.

Mission

THE CORPORATION SHALL EMPHASIZE (I) THE EDUCATION OF ALL PERSONS IN THE ART AND SPORT OF SKATING; (II) THE CREATION AND PUBLIC USE OF AN INDOOR ICE SKATING FACILITY, CAPABLE OF BEING SO USED YEAR-ROUND; (III) THE FOSTERING OF ICE SKATING COMPETITION, SUCH AS (BUT LIMITED TO) HOCKEY, FIGURE SKATING, AND SPEED SKATING EVENTS; AND (IV) COMMUNITY FUND-RAISING ACTIVITIES, TO PROVIDE THE FUNDS FOR THE CONSTRUCTION AND FUTURE OPERATIONS OF THE INDOOR ICE SKATING FACILITY.

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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 $10,000

Program Service Revenue $0

Investment Income $12,452

Other Revenue $0

TOTAL REVENUE $22,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $471,581

Other Expenses $476,981

TOTAL EXPENSES $476,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,452	$486,952	-1.0%
Expenses	$476,981	$39,020	+11.2%
Net Income	$-454,529	$447,932	-2.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN ANDERSON	VICE PRESIDE	N/A	Officer	$0	$0	$0
DAVID EASLEY	TREASURER	N/A	Officer	$0	$0	$0
MICHAEL FRONTIER	PRESIDENT	N/A	Officer	$0	$0	$0
MARK HERTZBERG	SECRETARY	N/A	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	$22,452	$476,981	No data	$-454,529
2024	$486,952	$39,020	$454,529	$447,932

RACINE COUNTY ICE CENTER INC