The Frozen Floor Rink Inc

Nonprofit profile at a glance

EIN
884401866
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-N 2023
Location
Pleasant Prairie, WI, USA
Phone
3126486220
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Amateur Sports

Reported finances

Revenue
$299,305
Expenses
$200,783
Assets
$138,522
Liabilities
$40,000

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

Leadership & pay

3 people listed

Executive titles in this filing

  • KURT CARLSON (President)

People named in this filing

  • SAMANTHA CARLSON (Director)
  • TIMOTHY KINSMAN (Director)
  • KURT CARLSON (President)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization provides leadership, educational, health, creative, recreational, and social activities for youth and special needs individuals at its gurnee Illinois facility. The goal is to enable participants to reach their full potential as productive and caring individuals by teaching them how to interact with teammates and coaches while learning how to ice skate and play hockey.

What it reported doing in 2024

Provide venue for youth, people with special needs and underserved populations to experience ice skating and hockey. a) Pucks for Autism (PFA) is a hockey and skating program for kids and adults with special needs. We sponsor annual fundraising tournaments for PFA each year. In addition, we are now part of the PFA Learn to Skate pilot program. We provide our older youth hockey players with opportunities to coach and assist kids with autism with getting on the ice (initially in a chair, then graduating to skater assist equipment, and finally to skating unassisted). b) Rising Stars is a figure skating program to which we provide steeply discounted ice time, and we assist with coaches. c) Chicago Special Hockey (f/k/a Chicago Blackhawks Special Hockey) is a hockey program designed to both introduce new special needs players to the sport of hockey and to develop those players to the level of being able to compete at a competitive level at the Special Olympics level. d) Project Ice is a program with Magnet Waukegan Public Schools which predominately serves a community that would not otherwise generally have ready accessibility to figure skating, hockey, or an ice arena. The kids are bussed in and are introduced to the skating and hockey world in our arena. e) Youth Hockey which serves youth in area high schools to 501c3 youth hockey programs. The rink provides discounted ice time on a contracted basis throughout the entire year for their programs utilization.

Operating model

Revenue model
Earned-program. 87% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 92
  • Accountability: 18
  • Sustainability: 59
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.3%; rating input score 65
  • Program expense ratio: 97.3%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • 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: 32.9%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 0.69; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0.29; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 65.3% of revenue deployed · 97.3% of spending went to programs
  • Governance: 0 of 3 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $195K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • 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.

  • High — Accountability: Independent voting board scored 0/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.