SEATTLE 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

1937

Legal Domicile

Principal Officer

WEIMING SHI

Phone

2064990165

Tax Period

2023-07-01 to 2024-06-30

SEATTLE SKATING CLUB INC, founded in 1937, is a small nonprofit in the Recreation & Sports sector that reported $443K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum.

Mission

TO CONDUCT ICE SKATING COMPETITIONS, EXHIBITIONS, TESTING, AND LICENSING, AND TO TEACH SKATING TO BEGINNER SKATERS.

Program Service Accomplishments

Program 1

Expenses: $390,939 Revenue: $440,178

SEATTLE SKATING CLUB HOLDS THEIR ICE FEST EVENT IN THE SPRING AND CONDUCTS ICE SKATING COMPETITIONS THROUGHOUT THE YEAR, ALONG WITH EXHIBITIONS, TESTING, AND LICENSING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $440,178

Investment Income $2,521

Other Revenue $0

TOTAL REVENUE $442,699

Expense Breakdown

Grants Paid $21,801

Salaries & Benefits $145,916

Fundraising Expenses $0

Program Expenses $390,939

Other Expenses $261,941

TOTAL EXPENSES $429,658

Year-over-Year Comparison

	2023	2022	Change
Revenue	$442,699	$294,342	+0.5%
Expenses	$429,658	$281,257	+0.5%
Net Income	$13,041	$13,085	0.0%

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

Volunteers

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
KENDRA BLACK	PRESIDENT	1.00	Officer Director	$0	$0	$0
NIKA PELC	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CINDY ISAACSON	TREASURER	1.00	Officer Director	$0	$0	$0
CELESTE JACKSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MYRIAM DESAUNOIS	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE HAMILTON ENGBERT	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH OLSON	DIRECTOR	1.00	Director	$0	$0	$0
WEIMING ANGELA SHI	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	No data	No data	No data	No data
2024	$442,699	$429,658	$269,377	$13,041
2023	$294,342	$281,257	$213,829	$13,085
2022	$277,229	$236,959	$200,744	$40,270