Norge Ski Club

EIN: 362552618 501(c)(3) Recreation & Sports

Fox River Grove, IL

Total Revenue
$523,932
Total Expenses
$377,880
Total Assets
$862,210
Net Assets
$843,667
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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
2016
Legal Domicile
IL
Phone
8475251550
Tax Period
2025-01-01 to 2025-12-31

Norge Ski Club, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $524K in total revenue in fiscal year 2025. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $146K, a strong 28% operating margin.

Mission

To foster, promote and advance participation in the growth and developement of skiing. Assist amateur athletes and their participation in local, namtional and international competition in the sport of skiing.

Program Service Accomplishments

Program 1
Expenses: $290,529 Revenue: $491,471

Encourage and assist amateur athletes and their participation in local, national and international competition in the sport of skiing. Educate and inform the public of all aspects of all the benefits...

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Encourage and assist amateur athletes and their participation in local, national and international competition in the sport of skiing. Educate and inform the public of all aspects of all the benefits to be derived from skiing.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $32,185
Program Service Revenue $392,982
Investment Income $276
Other Revenue $98,489
TOTAL REVENUE $523,932

Expense Breakdown

Grants Paid $0
Salaries & Benefits $88,630
Fundraising Expenses $0
Program Expenses $290,529
Other Expenses $289,250
TOTAL EXPENSES $377,880

Year-over-Year Comparison

2025 2024 Change
Revenue $523,932 $431,543 +0.2%
Expenses $377,880 $414,570 -0.1%
Net Income $146,052 $16,973 +7.6%
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

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Governance

Voting Members
7
Independent Members
5
Employees
1
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
7
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Scott Smith President 0.00
Officer Director
$0 $0 $0
Michael Glasder Vice President 0.00
Officer Director
$0 $0 $0
Michael Furey Treasurer 0.00
Officer Director
$0 $0 $0
John Starkey Financial Secretary 0.00
Officer Director
$0 $0 $0
Beth Janczyk Corresponding Secretary 0.00
Officer Director
$0 $0 $0
Rhiannon Bakk-Hansen Recording Secretary 0.00
Officer Director
$0 $0 $0
Ann Frolik Business Manager 0.00
Officer 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
2025 $523,932 $377,880 $862,210 $146,052
2024 $431,543 $414,570 $793,715 $16,973
2023 $396,402 $362,605 $842,373 $33,797
2022 $419,990 $367,591 $886,586 $52,399
2021 $222,587 $221,491 $855,457 $1,096
2020 $283,952 $228,407 $878,597 $55,545
2019 $291,498 $265,773 $544,767 $25,725
2018 $554,552 $319,022 $519,042 $235,530
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