The Skating Club of New York Inc
Nonprofit profile at a glance
- EIN
- 131692586
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 6466380030
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $559,350
- Expenses
- $538,926
- Assets
- $246,464
- Liabilities
- $19,547
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- TERRI LEVINE (EXECUTIVE DIRECTOR)
- TROY GOLDSTEIN (VICE PRESIDENT)
- ALICIA ERNST (VICE PRESIDENT)
- DANA SCHIFF (VICE PRESIDENT)
- STEPHEN SCHNEIDER (VICE PRESIDENT (RESIGNED APRIL 2025))
Highest reported compensation
- TERRI LEVINE (EXECUTIVE DIRECTOR): $30,000 total reported compensation
- STACIE YOUNG- KRINSKY (MEMBERSHIP DIRECTOR): $20,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the organization is to provide programs to encourage participation and achievement in the sport of figure skating on ice, and to serve as the nyc member club of the united states figure skating association, the national governing body in the sport of figure skating on ice as recognized by the united states olympic committee (usoc), and the international skating union (isu). The organization also conducts figure skating tests as defined by the usfs and to organize and sponsor competitions, exhibitions and clinics for the purpose of serving the clubs membership and stimulating interest in the sport. Lastly, the organization raises funds to assist financially or otherwise, in accordance with the rules of u.s. Figure skating, club members who have exhibited success in the competitive arena.
What it reported doing in 2024
Competition and programs - grants and awards offered to individuals in an effort to further develop the ice skaters techniques, performance, and abilities.
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 83% 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 88
- Accountability: 82
- Sustainability: 38
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.4%; rating input score 88
- Program expense ratio: 90.8%; rating input score 91
- Fundraising efficiency: $23.44 raised per $1 spent on fundraising; rating input score 63; 63rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 95.2%; rating input score 95; 42nd percentile among comparable filings
- 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: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.7%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 9.3%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 3.6% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 3.9% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: -4.4% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 88.4% of revenue deployed · 90.8% of spending went to programs
- Governance: 26 of 26 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $489K in reported program spending
- Leadership: top reported pay $30K · 29 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2011 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.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 47/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.