Silver Laces Figure Skating Club Inc
Nonprofit profile at a glance
- EIN
- 731667898
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2008
- Location
- Marshfield, WI, USA
- Phone
- 7153056203
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Winter Sports
Reported finances
- Revenue
- $75,558
- Expenses
- $55,314
- Assets
- $62,545
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- KAREN BUTH (PRESIDENT)
People named in this filing
- KAREN BUTH (PRESIDENT)
- SARA RASSMUSEN (VICE PRESIDE)
- CARI MORROW (DIRECTOR)
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
Promote interest & knowledge of amateur figure skating.
What it reported doing in 2024
To showcase amateur figure skating with an annual ice show that is open to the public which encourages community involvement with approximately 600 tickets to the show.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 36
- Transparency & Controls: 82
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 32.3%; rating input score 32
- Program expense ratio: 44%; rating input score 44
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 26.8%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 1.13; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 7.4% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 8.7% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 42.6% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 32.3% of revenue deployed · 44% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $24K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 32/100.
- Moderate — Financial Efficiency: Program expense ratio scored 44/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.