Figure Skating Club of Minneapolis

Nonprofit profile at a glance

EIN
411286388
IRS 990-EZ coverage
2020–2024
Forms available
Form 990 2019, Form 990-EZ 2024
Location
Minneapolis, MN, USA
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$164,301
Expenses
$156,893
Assets
$28,348
Liabilities
$2,484

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Debbie Tallen (President)
  • Bella Chapman (Vice President)

People named in this filing

  • Debbie Tallen (President)
  • Bella Chapman (Vice President)
  • AARON MARTIN (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To encourage the instruction practice & advancement of members in moves in the field free skating pair skating synchronized team & all types of figure skating; to encourage & cultivate a spirit of fraternal feeling among ice skaters to sponsor to produce or cooperate in the production of amateur ice shows & competitions; & to carry out the general policies of the united states figure skating association.

What it reported doing in 2024

CLUB ICE CONTRACT & COMPETITION SPONSORSHIPS - Approx 25 amateur individual & team skaters were provided ice facilities for practice & training including approx 250 hours of ice time.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program 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. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 82
  • Sustainability: 37
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.5%; rating input score 85
  • Program expense ratio: 89.5%; rating input score 89

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 4.5%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.18; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 8.7% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: -6.3% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -6.1% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 85.5% of revenue deployed · 89.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 7 filed program accomplishments · $140K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • 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 — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.