VASALOPPET INC

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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

1976

Legal Domicile

Principal Officer

CHIP GERDIN

Phone

3206792629

Tax Period

2024-05-01 to 2025-04-30

VASALOPPET INC, founded in 1976, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $231K in total revenue in fiscal year 2024. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62K, a strong 27% operating margin.

Mission

TO PROMOTE A HEALTHY AND ACTIVE OUTDOOR LIFESTYLE, INCLUDING ECONOMIC AND SOCIAL BENEFITS, THROUGH CROSS COUNTRY SKIING AND RELATED PROGRAMS FOR YOUTH, FAMILIES, AND SERIOUS COMPETITORS.

Program Service Accomplishments

Program 1

Expenses: $129,961 Revenue: $98,567

ORGANIZATION OF ANNUAL CROSS COUNTRY SKI RACE WHICH INCLUDES A NUMBER OF DIFFERENT RACE CLASSES BASED ON SKI STYLE, RACE LENGTH, AND AGE OF PARTICIPANTS. MANY OTHER ACTIVITIES ARE AVAILABLE TO GET...

ORGANIZATION OF ANNUAL CROSS COUNTRY SKI RACE WHICH INCLUDES A NUMBER OF DIFFERENT RACE CLASSES BASED ON SKI STYLE, RACE LENGTH, AND AGE OF PARTICIPANTS. MANY OTHER ACTIVITIES ARE AVAILABLE TO GET YOUTH INVOLVED. TOTAL RACE ENTRIES VARY EACH YEAR DUE TO WEATHER AND SNOW CONDITIONS. PARTICIPATION LEVELS OF 1000 ARE NORMAL. IT TAKES COUNTLESS HOURS OF VOLUNTEER TIME BY LOCAL COMMUNITY MEMBERS AND OTHER LOCAL ORGANIZATIONS TO PROMOTE, ORGANIZE, AND RUN THE RACES. MAINTENANCE OF THE TRAILS USED FOR THE RACE IS ALSO DONE BY NUMEROUS VOLUNTEERS.

Program 2

Expenses: $34,797 Revenue: $8,180

THE ORGANIZATION ENCOURAGES THE INTEREST IN CROSS COUNTRY SKIING BY WORKING WITH THE LOCAL SCHOOL DISTRICT AND MAINTAINING PRACTICE LOOPS AVAILABLE TO STUDENTS AND THE GENERAL PUBLIC. MANY HOURS OF...

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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 $95,874

Program Service Revenue $106,747

Investment Income $64

Other Revenue $27,914

TOTAL REVENUE $230,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,127

Fundraising Expenses $0

Program Expenses $164,758

Other Expenses $148,132

TOTAL EXPENSES $168,259

Year-over-Year Comparison

	2024	2023	Change
Revenue	$230,599	$107,919	+1.1%
Expenses	$168,259	$182,297	-0.1%
Net Income	$62,340	$-74,378	-1.8%

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

400

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
KATIE KERR	SECRETARY	N/A	Officer Director	$0	$0	$0
CHIP GERDIN	PRESIDENT	N/A	Officer Director	$0	$0	$0
JON LARSON	DIRECTOR	N/A	Officer Director	$0	$0	$0
LUCAS OLEN	DIRECTOR	N/A	Director	$0	$0	$0
MATT FELGER	DIRECTOR	N/A	Director	$0	$0	$0
JACK SCHWINGHAMMER	DIRECTOR	N/A	Director	$0	$0	$0
WADE LENNOX	TREASURER	N/A	Director	$0	$0	$0
JIM CONWAY	VICE PRESIDE	N/A	Director	$0	$0	$0
NOELLE NISKANEN	KRANSKULLA	N/A	Director	$0	$0	$0
JORDAN WOODS	DIRECTOR	N/A	Director	$0	$0	$0
ANNA PATENAUDE	DIRECTOR	N/A	Director	$0	$0	$0
KADEN HALVERSON	DIRECTOR	N/A	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	$230,599	$168,259	$768,761	$62,340
2024	$107,919	$182,297	$684,184	$-74,378
2023	$214,388	$208,739	$774,072	$5,649
2022	$224,018	$220,494	$774,793	$3,524
2021	$176,363	$158,382	$777,385	$17,981
2020	$194,502	$210,294	$716,912	$-15,792