Newark Sport & Event Commission
Nonprofit profile at a glance
- EIN
- 203793039
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Newark, OH, USA
- Phone
- 7403496784
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts Service Organizations and Activities
Reported finances
- Revenue
- $846,317
- Expenses
- $932,112
- Assets
- $1,443,404
- Liabilities
- $68,990
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Highest reported compensation
- KRISTAN HAUSMAN (GENERAL MANAGER): $77,809 total reported compensation
- JIM PATIN (BOARD MEMBER): $9,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Develop and encourage interest in skating & other sports as inexpensive family recreation; maintain and increase all levels of participation in the three ice sports of hockey, figure skating & speed skating and pickleball in licking county; create opportunities for those wishing to learn these sports as well as those wishing to pursue skating beyond an introductory level; provide a suitable environment for the training & competition of talent skaters and hockey players; host community events & activities requiring clear span space to achieve their organizational objectives; enhance economic development in the city and surrounding marketplace through jobs, hosting of skating competitions, hockey and pickleball tournaments; promoting shows & events to enhance general tourism; have the arena become economically viable through the sale of ice time, goods, products & services; escrow funds for capital improvement and equipment replacement to assure the future operation of the facility.
What it reported doing in 2024
Operation of 8 pickleball courts which provide youth, local citizens, and community organizations opportunities for open play, league play, and instructional use.
Operating model
- Revenue model
- Earned-program. 92% 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. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 92
- Accountability: 77
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.1%; rating input score 93
- Program expense ratio: 83.5%; rating input score 84
- Fundraising efficiency: $10.33 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings
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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -10.1%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 1.55; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 9.3%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 5.8% per year; rating input score 100; 46th percentile among comparable filings
- Revenue growth: 1.8% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 93.1% of revenue deployed · 83.5% of spending went to programs
- Governance: 12 of 12 board members independent · 4 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $779K in reported program spending
- Leadership: top reported pay $78K · 13 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
- High — Sustainability: Operating margin scored 17/100.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.