SPRUCE PEAK RESORT ASSOCIATION INC

EIN: 203185903 Recreation & Sports

STOWE, VT

Total Revenue
$1,671,292
Total Expenses
$1,365,058
Total Assets
$3,226,251
Net Assets
$2,973,274
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
VT
Principal Officer
SAMUEL P GAINES
Phone
8022533701
Tax Period
2023-01-01 to 2023-12-31

SPRUCE PEAK RESORT ASSOCIATION INC, founded in 2005, is a community nonprofit in the Recreation & Sports sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $306K, a strong 18% operating margin.

Mission

THE ORGANIZATION'S EXEMPT PURPOSE IS TO ORGANIZE, PROMOTE AND/OR FACILITATE THE OCCURRENCE OF EVENTS AND ATTRACTIONS AT VENUES WITH THE RESORT COMMUNITY OF THE SPRUCE PEAK IN STOWE, VERMONT.

Program Service Accomplishments

Program 1
Expenses: $820,222

THE ASSOCIATION PROVIDED VARIOUS PROGRAMS AND EVENTS TO EDUCATE ON THE STATE OF LOCAL AREA SKI INDUSTRY, OR THE PROTECTION AND PRESERVATION OF THE ENVIRONMENT.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,614,893
Investment Income $6,399
Other Revenue $50,000
TOTAL REVENUE $1,671,292

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,415
Fundraising Expenses $0
Program Expenses $820,222
Other Expenses $1,284,643
TOTAL EXPENSES $1,365,058

Year-over-Year Comparison

2023 2022 Change
Revenue $1,671,292 $2,165,420 -0.2%
Expenses $1,365,058 $1,045,456 +0.3%
Net Income $306,234 $1,119,964 -0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$865,930
Total Directors
3
$865,930
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM GAINES PRESIDENT 1.00
Officer Director
$0 $23,371 $576,022
ADELE WALKER TREASURER 2.00
Officer Director
$0 $0 $122,211
ELIZABETH MOEYKENS VP/SECRETARY 1.00
Officer Director
$0 $23,371 $167,697
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
2024 No data No data No data No data
2023 $1,671,292 $1,365,058 $3,226,251 $306,234
2022 $2,165,420 $1,045,456 $3,028,820 $1,119,964
2021 $1,558,316 $910,811 $1,622,599 $647,505
2020 $891,856 $727,708 $1,007,042 $164,148
2019 $507,204 $987,929 $1,096,697 $-480,725
2018 $794,683 $1,162,208 $1,338,568 $-367,525
Explore More Nonprofits
→Top 100 Nonprofits in Vermont →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SPRUCE PEAK RESORT ASSOCIATION INC with other nonprofits in Vermont and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.