Family Ice Center

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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 (FIC) is a 501(c)3 non-profit organization established in 1997 with a mission to serve the southern Maine community through recreational skating. FIC provides a safe, healthy, family-oriented skating experience year-round in our community. We offer a comfortable, well-designed, indoor and outdoor skating center that serves as a gathering place, with ice-related recreation and viewership as the primary activity. We provide specialized skating opportunities for those who would otherwise not be able to participate due to social, physical or financial circumstances

Program Service Accomplishments

Program 1

Expenses: $944,316 Revenue: $993,475

The Organization continues to develop and expand learn-to-skate, hockey, and figure skating programs, as well as providing ice time for unorganized public skating and pickup hockey for the Greater...

The Organization continues to develop and expand learn-to-skate, hockey, and figure skating programs, as well as providing ice time for unorganized public skating and pickup hockey for the Greater Portland community.

Program 2

Expenses: $55,604 Revenue: $110,000

Opportunity Skate is a community outreach fund designed in accordance with the Organization's mission. This program provides funding for various skating programs for disadvantaged youths and disabled individuals. Some of the organizations that this outreach has helped include the Boys and Girls Clubs, Youth Alternatives, Opportunity Farm, Maine Adaptive Sports, Baxter School for the Deaf, and Center for Grieving Children.

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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