ITASCA SKI AND OUTING CLUB INC (EIN 411278788) - 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

1925

Legal Domicile

Principal Officer

CARTER PETTERSEN

Phone

2182453487

Tax Period

2024-09-01 to 2025-08-31

ITASCA SKI AND OUTING CLUB INC, founded in 1925, is a small nonprofit in the Recreation & Sports sector that reported $331K in total revenue in fiscal year 2024. The organization ran a surplus of $64K, a strong 19% operating margin.

Mission

TO MANAGE AND MAINTAIN THE FACILITIES AND GROUNDS OF MOUNT ITASCA IN ORDER TO PROVIDE OPPORTUNITIES TO RESIDENTS OF ITASCA COUNTY AND VISITORS FOR YEAR-ROUND RECREATION, HEALTH , FITNESS AND ATHLETIC EXCELLENCE,THEREBY, CONTRIBUTING TO THE QUALITY OF LIFE AND ECONOMIC PROSPERITY OF NEARBY COMMUNITIES.

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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 $181,319

Program Service Revenue $139,264

Investment Income $2

Other Revenue $10,150

TOTAL REVENUE $330,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,483

Fundraising Expenses $0

Program Expenses $208,291

Other Expenses $160,550

TOTAL EXPENSES $267,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$330,735	$306,490	+0.1%
Expenses	$267,033	$299,621	-0.1%
Net Income	$63,702	$6,869	+8.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARTER PETTERSEN	President	10.00	Officer Director	$0	$0	$0
JEFF LOVE	Director	10.00	Director	$0	$0	$0
ROBERT CONZEMIUS	Treasurer	10.00	Officer Director	$0	$0	$0
RACHEL BUCHERT	Secretary	10.00	Officer Director	$0	$0	$0
VICTORIA KRAGTHORPE	Director	10.00	Director	$0	$0	$0
CHANTEL DANIELSON	Director	10.00	Director	$0	$0	$0
WHITNEY KUCZA	Director	10.00	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	$330,735	$267,033	$299,970	$63,702
2024	$306,490	$299,621	$249,165	$6,869
2023	$257,246	$351,770	$295,312	$-94,524
2022	$198,138	$274,203	$320,063	$-76,065
2021	$272,036	$240,539	$395,984	$31,497
2020	$175,090	$223,530	$364,487	$-48,440
2019	$153,057	$222,204	$422,927	$-69,147

ITASCA SKI AND OUTING CLUB INC