Broken Boot Gold Mine 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

1980

Legal Domicile

Principal Officer

Lee Harstad

Phone

6055781876

Tax Period

2023-10-01 to 2024-09-30

Broken Boot Gold Mine Inc, founded in 1980, is a small nonprofit that reported $244K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 31% operating margin.

Mission

The organizations mission is to educate the numerous tourists who visit the area about the mining of gold and the operations of a historic gold mine. The visitors to the mine tour the underground mine, pan for gold and can experience how the historic mine was operated by the early day miners.

Program Service Accomplishments

Program 1

Expenses: $140,922 Revenue: $185,797

Broken Boot Gold MIne is an educational tour of an early day gold mine. It educates visitors to the area about the importance of the discovery of gold to the region and gives the visitors an...

Broken Boot Gold MIne is an educational tour of an early day gold mine. It educates visitors to the area about the importance of the discovery of gold to the region and gives the visitors an opportunity to experience the historical gold mine and how it was operated.

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,376

Program Service Revenue $185,797

Investment Income $302

Other Revenue $42,008

TOTAL REVENUE $244,483

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $103,698

Fundraising Expenses $0

Program Expenses $140,922

Other Expenses $63,649

TOTAL EXPENSES $168,347

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,483	$169,771	+0.4%
Expenses	$168,347	$177,180	0.0%
Net Income	$76,136	$-7,409	-11.3%

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
Lee Harstad	President	003.00	Officer	$0	$0	$0
Karen Carr	Vice-President	001.00	Officer	$0	$0	$0
Lacey Rigge	Secretary-Treasurer	001.00	Officer	$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	$244,483	$168,347	$270,010	$76,136
2023	$169,771	$177,180	$192,591	$-7,409
2022	$186,193	$183,088	$207,970	$3,105
2021	$217,440	$168,464	$201,101	$48,976