Eau Claire Figure Skating Club

Nonprofit profile at a glance

EIN
391384645
IRS 990 coverage
2022–2022
Forms available
Form 990 2022, Form 990-EZ 2021, Form 990-N 2010
Location
Eau Claire, WI, USA
Phone
7155770767
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$244,643
Expenses
$218,241
Assets
$120,077
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Celena Smith Reuter (President)
  • Rachel Brand (Vice President)

People named in this filing

  • Celena Smith Reuter (President)
  • Rachel Brand (Vice President)
  • Scott Becker (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's primary mission is to provide instruction and guidance to local youth in the sport of figure skating as a member club of USFSA. This is done by purchasing ice time and allowing members to skate with independent contractor coaches for a reduced fee. Additional services are providing a "learn to skate" program to beginer skaters hosting an annual competition where 500+ skaters compete and holding an annual ice show where club skaters can showcase their skills and growth to the local community.

What it reported doing in 2022

Annual Competition - An annual event sanctioned by the United Skates Figure Skating Association USFSA. Skater from across the midwest pay a registration fee to the club to participate and compete against their peers in front of a panel of USFSA officials. Over 500 skaters participate in either individual events or synchronized events. The club pays travel and food for the USFSA officials all volunteer purchases the ice from the rink and all members volunteer 15+ hours to run the event. Net profits are used to off-set Senior Club disounting.

Operating model

Revenue model
Other-operating. 91% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 54
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.3%; rating input score 89
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 10.8%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 0.55; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 44.1% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 24.8% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 89.3% of revenue deployed · 100% of spending went to programs
  • Governance: 9 of 9 board members independent · 2 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $218K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 41 of 41 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.