SPOKANE FIGURE SKATING CLUB 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

1999

Legal Domicile

Principal Officer

REMY NEWCOMBE

Phone

2086916324

Tax Period

2024-07-01 to 2025-06-30

SPOKANE FIGURE SKATING CLUB INC, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $312K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $285K left a modest 9% surplus.

Mission

Spokane Figure Skating Club offers high quality programs and a welcoming environment that supports recreational and competitive skaters to define and reach their own personal level of success.

Program Service Accomplishments

Program 1

Expenses: $108,503

This program provides Ice time for skaters

Program 2

Expenses: $26,980

This program allows skaters to participate in a theater on ice group competition.

Program 3

Expenses: $21,615

This program facilitates skating events and shows.

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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 $310,937

Investment Income $881

Other Revenue $0

TOTAL REVENUE $311,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $157,098

Other Expenses $284,799

TOTAL EXPENSES $284,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$311,818	$264,826	+0.2%
Expenses	$284,799	$253,505	+0.1%
Net Income	$27,019	$11,321	+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

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
REMY NEWCOMBE	VICE PRESIDENT	5.00	Officer	$0	$0	$0
CORA CLUTTER	TREASURER	5.00	Officer	$0	$0	$0
RAVEN OTOOLE	PRESIDENT	5.00	Officer	$0	$0	$0
ERIC GRAYBEAL	SECRETARY	5.00	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	$311,818	$284,799	$158,640	$27,019
2024	$264,826	$253,505	$127,771	$11,321
2023	$242,129	$199,173	$116,450	$42,956