TAHOE DONNER ASSOCIATION

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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

1971

Legal Domicile

Principal Officer

DON KOENES

Phone

5305879400

Tax Period

2023-01-01 to 2023-12-31

TAHOE DONNER ASSOCIATION, founded in 1971, is a mid-sized nonprofit that reported $34.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.2M, a strong 18% operating margin.

Mission

TAHOE DONNER IS A RECREATIONAL ORIENTED MOUNTAIN RESIDENTIAL COMMUNITY. THE MUTUAL BENEFIT ASSOCIATION OF 6,473 OWNERS PROVIDES FOR THE STANDARDS OF REGULAR OPERATION AND LONG TERM MAINTENANCE OF THE PROGRAMS, FACILITIES AND OPEN SPACE. THROUGH CONTINUOUS IMPROVEMENT, THE ASSOCIATION MAINTAINS LEADING STANDARDS OF NATURAL RESOURSE STEWARDSHIP, FACILITIES, PROGRAMS AND SERVICES TO BENEFIT THE OWNERS/MEMBERS. ORGANIZATIONAL EFFECTIVENESS AND INNOVATION WITHIN THE ASSOCIATION IS SUSTAINED BY MAINTAINING A HIGHLY PROFESSIONAL BOARD OF DIRECTORS, STAFF, AND HOMEOWNER COMMITTEE VOLUNTEERS, WHICH ALSO ENGAGING THE LOCAL COMMUNITY IN AN EFFECTIVE COLLABORATIVE RELATIONSHIP.

Program Service Accomplishments

Program 1

Expenses: $3,826,452 Revenue: $5,756,212

DOWNHILL SKI AREA - THE ASSOCIATION'S SKI HILL AND LODGE ARE OPEN TO THE GENERAL PUBLIC. LIFT TICKETS, LESSONS AND FOOD ARE PROVIDED TO BOTH THE GENERAL PUBLIC AND MEMBERS.

Program 2

Expenses: $3,305,469 Revenue: $3,314,582

FOOD/BEVERAGE - MEALS WERE SERVED IN VARIOUS LOCATIONS INCLUDING THE LODGE, ALDER CREEK CAFE AND PIZZA ON THE HILL. FOOD SERVICES ARE AVAILABLE TO MEMBERS AND NON-MEMBERS.

Program 3

Expenses: $3,212,178

DEPRECIATION ON FIXED ASSETS & MAJOR REPAIRS

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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 (2023)

Revenue Breakdown

Contributions & Grants $178,820

Program Service Revenue $29,523,300

Investment Income $1,839,110

Other Revenue $3,054,454

TOTAL REVENUE $34,595,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,987,324

Fundraising Expenses $0

Program Expenses $21,963,891

Other Expenses $13,391,906

TOTAL EXPENSES $28,379,230

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,595,684	$31,583,832	+0.1%
Expenses	$28,379,230	$26,785,051	+0.1%
Net Income	$6,216,454	$4,798,781	+0.3%

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

867

Volunteers

250

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
DAVID MICKAELIAN	GENERAL MANAGER	40.00		$252,021	$57,305	$309,326
ANNIE ROSENFELD	DIRECTOR IF ADMINSTRATIVE SERVICES	40.00		$242,741	$39,044	$281,785
TODD-MARTYN JONES	DIRECTOR OF FINANCE	40.00		$251,111	$22,727	$273,838
MIGUEL SLOANE	DIRECTOR OF OPERATIONS	40.00		$224,236	$44,031	$268,267
JON MITCHELL	DIRECTOR OF CAPITAL PROJECTS	40.00		$231,751	$34,225	$265,976
JEREMIAH COTTRELL	DIRECTOR OF INFORMATION TECHNOLOGY	40.00		$205,379	$55,572	$260,951
LINDSAY HOGAN	DIRECTOR OF COMMUNICATIONS	40.00		$205,654	$29,543	$235,197
JOHN GROOM	DIRECTOR OF LAND MANAGEMENT	40.00		$202,428	$23,996	$226,424
STEVEN TURNER	DIRECTOR OF FOOD AND BEVERAGE	40.00		$163,112	$30,224	$193,336
ROBERT MCCLENDON	SKI AREA MANAGER	40.00		$154,503	$25,156	$179,659
JESSE STRZOK	ASSIST DIR OF OPER	40.00		$143,877	$28,957	$172,834
RAMIRO SENA	GOLF MAINT SUPER	40.00		$136,903	$30,390	$167,293
SALLY JONES	XC SKI AREA MNGR	40.00		$127,335	$35,467	$162,802
BENJAMIN GWERDER	FORESTER	40.00		$136,793	$19,576	$156,369
JIM ROTH	Director	0.00	Director	$0	$0	$0
DON KOENES	President	0.00	Officer	$0	$0	$0
COURTNEY MURRELL	Secretary	0.00	Officer	$0	$0	$0
STEVE MAHONEY	Treasurer	0.00	Officer	$0	$0	$0
BENJAMINE LEVINE	Vice President	0.00	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
2024	No data	No data	No data	No data
2023	$34,595,684	$28,379,230	$94,615,651	$6,216,454
2022	$31,583,832	$26,785,051	$88,856,436	$4,798,781
2021	$26,878,430	$22,004,955	$81,182,844	$4,873,475
2020	$22,302,385	$18,252,438	$75,767,927	$4,049,947
2019	$26,282,911	$22,701,821	$71,428,353	$3,581,090
2018	$24,273,170	$21,563,407	$67,126,498	$2,709,763