Wallace Figure Skating Club
Nonprofit profile at a glance
- EIN
- 237204979
- IRS 990 coverage
- 2010–2015
- Forms available
- Form 990 2015
- Location
- Fitchburg, MA, USA
- Phone
- 9784000205
- Rating confidence
- Limited
- Sector
- Winter Sports
Reported finances
- Revenue
- $89,633
- Expenses
- $97,970
- Assets
- $8,796
- Liabilities
- $2,627
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- JENNIFER KONICH (PRESIDENT)
- RACHEL BRACKETT (vICE PRESIDENT)
People named in this filing
- JENNIFER HEBERT (DIRECTOR)
- TRACY PICKNARIK (dirECTOR)
- MIKAELA PENTEDEMOS (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. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To encourage instruction, practice and advancement of its skating members in all types of figure skating.
What it reported doing in 2015
Costumes - members purchase skating costumes for the synchronized skating competitions and the annual skating show. The organization purchases these costumes from outside vendors and seamstresses.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 77
- Accountability: 82
- Sustainability: 33
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 85.7%; rating input score 86; 3rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- 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: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -9.3%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 0.09; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 62; 62nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -1.1% per year; rating input score 0; 58th percentile among comparable filings
- Asset growth: -15.2% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 8 of 8 board members independent · 4 of 7 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 6 filing years from 2010 to 2015
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- Moderate — Sustainability: Operating margin scored 47/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.