NEWPORT SKI CLUB Newport Ski Club (EIN 223487146) - Form 990 Financial Analysis & Trantor Score

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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

1955

Legal Domicile

Principal Officer

STEVE CORBETT

Phone

4014802617

Tax Period

2024-06-01 to 2025-05-31

NEWPORT SKI CLUB Newport Ski Club, founded in 1955, is a micro nonprofit that reported $87K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $20K, a strong 23% operating margin.

Mission

Promotion of recreational and social events

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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 (2024)

Revenue Breakdown

Contributions & Grants $86,742

Program Service Revenue $0

Investment Income $10

Other Revenue $0

TOTAL REVENUE $86,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $66,919

TOTAL EXPENSES $66,919

Year-over-Year Comparison

	2024	2023	Change
Revenue	$86,752	$58,090	+0.5%
Expenses	$66,919	$85,259	-0.2%
Net Income	$19,833	$-27,169	-1.7%

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

120

Independent Members

120

Employees

N/A

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
Steve Corbet	President	10	Officer	$0	$0	$0
Sheryl Langfield	Recording Secretary	5	Officer	$0	$0	$0
Elaine Colarusso	Corresponding Secretary	5	Officer	$0	$0	$0
Gilbert Stringer	Vice President	10	Officer	$0	$0	$0
Brendan Smith-Wilks	Treasuere	10	Officer	$0	$0	$0
Jay Eshleman	Member At Large	0	Officer	$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
2025	$86,752	$66,919	$800,612	$19,833
2024	$58,090	$85,259	$780,779	$-27,169
2023	$85,223	$77,459	$807,948	$7,764
2022	$99,248	$52,210	$800,184	$47,038
2021	$26,777	$34,084	$802,762	$-7,307
2019	$66,819	$83,388	$801,224	$-16,569

NEWPORT SKI CLUB Newport Ski Club