MINNESOTA SKI AREAS ASSOCIATION (EIN 463543741) - 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

2013

Legal Domicile

Phone

2184097809

Tax Period

2023-09-01 to 2024-08-31

MINNESOTA SKI AREAS ASSOCIATION, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $324K in total revenue in fiscal year 2023. Expenses of $386K exceeded revenue, resulting in a 19% operating deficit.

Mission

To promote and advocate for alpine ski areas in Minnesota.

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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 $37,750

Program Service Revenue $286,468

Investment Income $95

Other Revenue $0

TOTAL REVENUE $324,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $379,747

TOTAL EXPENSES $385,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$324,313	$324,276	+0.0%
Expenses	$385,729	$329,202	+0.2%
Net Income	$-61,416	$-4,926	+11.5%

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

N/A

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
Peter Zotalis	Chair	5.00	Officer	$0	$0	$0
David Solner	Vice Chair	5.00	Officer	$0	$0	$0
Sara Larson	Treasurer	5.00	Officer	$0	$0	$0
Layne Anderson	Member At Large	5.00	Officer	$0	$0	$0
Trevor Marning	Member At Large	5.00	Officer	$0	$0	$0
Charles Skinner	Past Chair	5.00	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
2025	No data	No data	No data	No data
2024	$324,313	$385,729	$185,789	$-61,416
2023	$324,276	$329,202	$247,205	$-4,926
2022	$337,254	$307,151	$252,131	$30,103
2021	$371,410	$305,296	$223,389	$66,114
2020	$311,036	$230,472	$172,025	$80,564
2019	$253,253	$256,354	$108,795	$-3,101
2018	$236,104	$255,999	$105,543	$-19,895

MINNESOTA SKI AREAS ASSOCIATION