Norge Ski Club (EIN 362552618) - 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

2016

Legal Domicile

Phone

8476399718

Tax Period

2024-01-01 to 2024-12-31

Norge Ski Club, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $432K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $415K left a modest 4% surplus.

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.

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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 $29,882

Program Service Revenue $293,337

Investment Income $3,080

Other Revenue $105,244

TOTAL REVENUE $431,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,610

Fundraising Expenses $0

Program Expenses $283,932

Other Expenses $330,960

TOTAL EXPENSES $414,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$431,543	$396,402	+0.1%
Expenses	$414,570	$362,605	+0.1%
Net Income	$16,973	$33,797	-0.5%

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

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

$76,000

Total Directors

$76,000

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Scott Smith	President	Officer Director	$76,000	$0	$76,000
Michael Glasder	Vice President	Officer Director	$0	$0	$0
Michael Furey	Treasurer	Officer Director	$0	$0	$0
John Starkey	Financial Secretary	Officer Director	$0	$0	$0
Beth Janczyk	Corresponding Secretary	Officer Director	$0	$0	$0
Rhiannon Bakk-Hansen	Recording Secretary	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
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

Norge Ski Club