SUMMIT NORDIC SKI CLUB

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

PETER HAYNES

Tax Period

2021-04-01 to 2022-03-31

SUMMIT NORDIC SKI CLUB, founded in 2004, is a small nonprofit that reported $290K in total revenue in fiscal year 2021. Expenses of $281K left a modest 3% surplus.

Mission

TO PROVIDE THE YOUTH OF SUMMIT COUNTY WITH A WELL-BALANCED SKI RACING PROGRAM INCLUDING FITNESS, SELF-ESTEEM, AND CHARACTER BUILDING THROUGH TRAINING AND COMPETITION WITHIN A NURTURING ENVIRONMENT. THE CLUB WILL EDUCATE OUR YOUTH ABOUT VALUES OF SPORTS, HEALTHY COMPETITION, INDIVIDUAL EFFORT AND TEAM SPIRIT.

Program Service Accomplishments

Program 1

Expenses: $268,605 Revenue: $25,516

SUMMIT NORDIC SKI CLUB (SNSC) IS ONE OF COLORADO'S TOP SKI CLUBS OFFERING PROGRAMS FOR YOUNG ATHLETES, AGES 6 TO POST-HIGH SCHOOL, TO DEVELOP FITNESS, CONFIDENCE AND SKILLS IN A TEAM BASED...

SUMMIT NORDIC SKI CLUB (SNSC) IS ONE OF COLORADO'S TOP SKI CLUBS OFFERING PROGRAMS FOR YOUNG ATHLETES, AGES 6 TO POST-HIGH SCHOOL, TO DEVELOP FITNESS, CONFIDENCE AND SKILLS IN A TEAM BASED ENVIRONMENT THROUGH NORDIC RACE EVENTS AND YEAR-ROUND TRAINING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $225,117

Program Service Revenue $25,516

Investment Income $9

Other Revenue $39,500

TOTAL REVENUE $290,142

Expense Breakdown

Grants Paid $18,150

Salaries & Benefits $122,905

Fundraising Expenses $0

Program Expenses $268,605

Other Expenses $139,778

TOTAL EXPENSES $280,833

Year-over-Year Comparison

	2021	2020	Change
Revenue	$290,142	$278,973	+0.0%
Expenses	$280,833	$245,381	+0.1%
Net Income	$9,309	$33,592	-0.7%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

120

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER HAYNES	PRESIDENT	3.00	Officer Director	$0	$0	$0
MISSY STABILE	SECRETARY/TR	3.00	Officer Director	$0	$0	$0
MARK HURLBERT	MEMBER AT LA	2.00	Director	$0	$0	$0
ANNEMARIE NEAL	MEMBER AT LA	2.00	Director	$0	$0	$0
LANCE SCHAMBERGER	MEMBER AT LA	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$290,142	$280,833	$123,524	$9,309
2021	$278,973	$245,381	$130,406	$33,592
2020	$326,876	$348,999	$76,525	$-22,123
2019	$343,761	$305,708	$96,485	$38,053