Family Ice Center (EIN 911887265) - 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

1997

Legal Domicile

Phone

2077814200

Tax Period

2023-10-01 to 2024-09-30

Family Ice Center, founded in 1997, is a community nonprofit in the Recreation & Sports sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Net assets of $3.0M represent 31 months of operating reserves.

Mission

Family Ice Center is a non-profit organization established in December 1997 to build and operate a regional skating center in Falmouth, Maine that catered primarily to younger skaters and their families.The primary purpose of the Organization is to encourage the development and expansion in the Greater Portland, Maine area of organized learn-to-skate instruction, hockey and figure skating programs, and unorganized recreational skating time. These activities seek to eliminate barriers, whether financial or otherwise, to the participation of children in ice-based sporting and recreational activities.

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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 $229,921

Program Service Revenue $873,554

Investment Income $45,772

Other Revenue $6,792

TOTAL REVENUE $1,156,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $425,483

Fundraising Expenses $0

Program Expenses $999,920

Other Expenses $765,871

TOTAL EXPENSES $1,191,354

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,156,039	$1,896,125	-0.4%
Expenses	$1,191,354	$1,085,538	+0.1%
Net Income	$-35,315	$810,587	-1.0%

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

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
Josh Brainerd	General Manager	40.00		$106,070	$3,165	$109,235
John Hart	Director	1.00	Director	$0	$0	$0
Sally Morris	Director	1.00	Director	$0	$0	$0
Jim Bonnvie	Director	1.00	Director	$0	$0	$0
Jenny Ellis	Director	1.00	Director	$0	$0	$0
William Welch	Vice President	1.00	Officer Director	$0	$0	$0
Charles De Sieyes	Director	1.00	Director	$0	$0	$0
Godfrey Wood	President	2.00	Officer Director	$0	$0	$0
Alan Wolf	Director	1.00	Director	$0	$0	$0
Gerry Nadeau	Treasurer	1.00	Officer Director	$0	$0	$0
Dana Twombley	Secretary	1.00	Officer 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
2024	$1,156,039	$1,191,354	$3,709,357	$-35,315
2023	$1,896,125	$1,085,538	$3,735,799	$810,587
2022	$934,517	$1,057,348	$2,856,859	$-122,831
2021	$1,043,092	$1,045,501	$2,900,896	$-2,409
2020	$950,262	$1,024,746	$2,943,043	$-74,484
2019	$965,542	$1,078,371	$3,026,964	$-112,829
2018	$1,083,946	$1,040,012	$3,173,843	$43,934

Family Ice Center