North Shore Ice Arena Llc
North Shore Ice Arena Llc consistently operates at a deficit, with significant increases in both assets and liabilities in its latest filing.
EIN: 208396527 · Northbrook, IL · NTEE: N40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $19,659,822. |
| Net Assets | $-2,703,854 |
| Transparency Score | 65/100 |
Is North Shore Ice Arena Llc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Shore Ice Arena Llc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Shore Ice Arena Llc
North Shore Ice Arena Llc (EIN: 208396527) is a nonprofit organization based in Northbrook, IL, classified under NTEE code N40. The organization reported total revenue of $2.7M and total assets of $19.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Shore Ice Arena Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Shore Ice Arena Llc is a mid-size nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-201,414 |
| Total Assets | $19.7M |
| Total Liabilities | $22.4M |
| Net Assets | $-2,703,854 |
| Operating Margin | -10.1% |
| Debt-to-Asset Ratio | 113.8% |
| Months of Reserves | 107.0 months |
Financial Health Grade: C
In 2023, North Shore Ice Arena Llc reported a deficit of $201K with expenses exceeding revenue, holds 107.0 months of operating reserves (strong position), has a debt-to-asset ratio of 113.8% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), North Shore Ice Arena Llc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.2% | +10.3% | +221.4% |
| 2022 | +6.7% | -1.4% | -3.5% |
| 2021 | -1.5% | +4.4% | -4.6% |
| 2020 | +2.9% | -2.4% | -2.9% |
| 2019 | +1.9% | +3.0% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North Shore Ice Arena Llc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, North Shore Ice Arena Llc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $201K, with expenses exceeding revenue.
- Debt-to-asset ratio: 113.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be unpaid or compensated through other means not categorized as officer compensation, which is unusual for an organization of this size with assets of $19,659,822.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of North Shore Ice Arena Llc's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in multiple periods (e.g., 202306: $2,205,102 expenses vs. $2,003,688 revenue).
- Significant increase in liabilities from $8,619,228 in 202206 to $22,363,676 in 202306, indicating substantial debt.
- 0% officer compensation reported across all filings, which is atypical for an organization of this size and could obscure true administrative costs.
Strengths
The following positive indicators were identified for North Shore Ice Arena Llc:
- Significant asset growth from $6,117,286 in 202206 to $19,659,822 in 202306, potentially indicating successful capital investment or fundraising.
- Long filing history (11 filings), suggesting consistent operation and compliance with IRS reporting requirements.
Frequently Asked Questions about North Shore Ice Arena Llc
Is North Shore Ice Arena Llc a legitimate charity?
North Shore Ice Arena Llc (EIN: 208396527) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 65/100. It has 11 years of IRS 990 filings on record. Total revenue: $2.7M. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does North Shore Ice Arena Llc spend its money?
North Shore Ice Arena Llc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to North Shore Ice Arena Llc tax-deductible?
North Shore Ice Arena Llc is registered as a tax-exempt nonprofit (EIN: 208396527). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the North Shore Ice Arena Llc CEO make?
North Shore Ice Arena Llc's highest-compensated officer earns $19,659,822. annually. The organization reported $2.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of North Shore Ice Arena Llc's spending goes to programs?
North Shore Ice Arena Llc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does North Shore Ice Arena Llc compare to similar nonprofits?
With a transparency score of 65/100 (Good), North Shore Ice Arena Llc is above average for NTEE category N40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is North Shore Ice Arena Llc located?
North Shore Ice Arena Llc is headquartered in Northbrook, Illinois and files with the IRS under EIN 208396527. It is classified under NTEE code N40.
How many years of IRS 990 filings does North Shore Ice Arena Llc have?
North Shore Ice Arena Llc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.7M in total revenue.
How does North Shore Ice Arena Llc cover its consistent operating deficits?
The organization consistently reports expenses exceeding revenue. For example, in 202306, expenses were $2,205,102 while revenue was $2,003,688. This suggests reliance on accumulated assets, loans, or other non-revenue income sources to cover operational costs.
What caused the significant increase in assets and liabilities between 202206 and 202306?
Assets jumped from $6,117,286 to $19,659,822 and liabilities from $8,619,228 to $22,363,676. This dramatic change likely indicates a major capital project, such as an expansion or renovation, financed through significant debt.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization with annual revenues exceeding $2 million. This could mean that executive roles are filled by volunteers, or compensation is reported under different expense categories, which would require further investigation for transparency.
Filing History
IRS 990 filing history for North Shore Ice Arena Llc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), North Shore Ice Arena Llc's revenue has grown by 8.6%, moving from $1.8M to $2.0M. Total assets increased by 129% over the same period, from $8.6M to $19.7M. Total functional expenses rose by 24.5%, from $1.8M to $2.2M. In its most recent filing year (2023), North Shore Ice Arena Llc reported a deficit of $201K, with expenses exceeding revenue. The organization holds $22.4M in liabilities against $19.7M in assets (debt-to-asset ratio: 113.8%), resulting in net assets of $-2,703,854.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.2M | $19.7M | $22.4M | — | View 990 |
| 2022 | $2.0M | $2.0M | $6.1M | $8.6M | — | View 990 |
| 2021 | $1.8M | $2.0M | $6.3M | $8.8M | — | View 990 |
| 2020 | $1.9M | $1.9M | $6.6M | $8.9M | — | View 990 |
| 2019 | $1.8M | $2.0M | $6.8M | $9.0M | — | View 990 |
| 2018 | $1.8M | $1.9M | $7.0M | $9.1M | — | — |
| 2017 | $1.8M | $2.0M | $7.8M | $9.6M | — | View 990 |
| 2016 | $1.7M | $2.0M | $8.0M | $9.7M | — | View 990 |
| 2015 | $1.7M | $1.9M | $8.1M | $9.6M | — | View 990 |
| 2014 | $1.7M | $1.8M | $8.3M | $8.3M | — | View 990 |
| 2013 | $1.8M | $1.8M | $8.6M | $8.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.2M, and assets of $19.7M (revenue +2.2% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.0M, and assets of $6.1M (revenue +6.7% year-over-year).
- 2021: Revenue of $1.8M, expenses of $2.0M, and assets of $6.3M (revenue -1.5% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.9M, and assets of $6.6M (revenue +2.9% year-over-year).
- 2019: Revenue of $1.8M, expenses of $2.0M, and assets of $6.8M (revenue +1.9% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.9M, and assets of $7.0M (revenue -2.2% year-over-year).
- 2017: Revenue of $1.8M, expenses of $2.0M, and assets of $7.8M (revenue +4.7% year-over-year).
- 2016: Revenue of $1.7M, expenses of $2.0M, and assets of $8.0M (revenue +0.0% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.9M, and assets of $8.1M (revenue +3.0% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.8M, and assets of $8.3M (revenue -8.4% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $8.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Shore Ice Arena Llc:
Data Sources and Methodology
This transparency report for North Shore Ice Arena Llc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.