THE ELY IGLOO SNOWMOBILE CLUB

EIN: 411824326 501(c)(3) Recreation & Sports

ELY, MN

Total Revenue
$334,704
Total Expenses
$176,065
Total Assets
$523,350
Net Assets
$349,327
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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
MN
Principal Officer
DAVID MARSHALL
Tax Period
2023-01-01 to 2023-12-31

THE ELY IGLOO SNOWMOBILE CLUB, founded in 1971, is a small nonprofit in the Recreation & Sports sector that reported $335K in total revenue in fiscal year 2023. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $159K, a strong 47% operating margin.

Mission

TO GROOM AND MAINTAIN 152 MILES OF PUBLIC SNOWMOBILE TRAILS IN NORTHERN MINNESOTA AND TEACH SNOWMOBILE SAFETY CLASSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $200,551
Program Service Revenue $0
Investment Income $703
Other Revenue $133,450
TOTAL REVENUE $334,704

Expense Breakdown

Grants Paid $0
Salaries & Benefits $37,547
Fundraising Expenses $0
Program Expenses $175,186
Other Expenses $138,518
TOTAL EXPENSES $176,065

Year-over-Year Comparison

2023 2022 Change
Revenue $334,704 $157,667 +1.1%
Expenses $176,065 $150,642 +0.2%
Net Income $158,639 $7,025 +21.6%
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
4
Independent Members
4
Employees
12
Volunteers
40

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
3
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY MCREADY SECRETARY 2.00
Officer
$0 $0 $0
WARREN JOHNSON VICE PRESIDENT 2.00
Officer
$0 $0 $0
DAVID MARSHALL TREASURER 2.00
Officer
$0 $0 $0
EMILY SELISKAR GAMBLING MANAGER 4.00
Key Emp
$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 $334,704 $176,065 $523,350 $158,639
2022 $157,667 $150,642 $391,979 $7,025
2021 $122,232 $77,715 $208,663 $44,517
2020 $117,323 $109,224 $162,958 $8,099
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