LAKE ELDORA RACING TEAM

EIN: 840707228 501(c)(3)

BOULDER, CO

Total Revenue
$1,439,875
Total Expenses
$1,507,013
Total Assets
$431,019
Net Assets
$431,019
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
CO
Principal Officer
MATT TOMASKO
Phone
3034478014
Tax Period
2024-08-01 to 2025-07-31

LAKE ELDORA RACING TEAM, founded in 1975, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024.

Mission

YOUTH OUTDOOR EDUCCATION, SPORTS AND SPORTMANSHIP. WINTER PROGRAMS INCLUDE SKI AND SNOWBOARD ALPINE TRAINING AND RACING AS WELL AS FREESTYLE FREERIDE SKI AND SNOWBOARD TRAINING AND COMPETITIONS. SUMMER SEASON INCLUDES MOUNTAIN BIKING AND DRYLAND PREPARATION FOR THIS WINTER SEASON. BUILDING CHAMPIONS IN SPORTS AND LIFE. PROGRAMS EXIST FOR AGES 5 - 22 YEARS OLD.

Program Service Accomplishments

Program 1
Expenses: $452,703 Revenue: $328,978

CORE PROGRAM: YOUTH ATHLETES AGES 8-22, PARTICIPATING IN THE AGE CLASS, ABILITY AND FIS ALPINE SKI RACING PROGRAMS. ATHLETES PARTICIPATE YEAR ROUND IN DRYLAND AND SUMMER SKI PROGRAMS. THE WINTER...

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CORE PROGRAM: YOUTH ATHLETES AGES 8-22, PARTICIPATING IN THE AGE CLASS, ABILITY AND FIS ALPINE SKI RACING PROGRAMS. ATHLETES PARTICIPATE YEAR ROUND IN DRYLAND AND SUMMER SKI PROGRAMS. THE WINTER PROGRAM CONSISTS OF PART TIME AND FULL TIME ATHLETES. ENROLLMENT FOR THE 2024-2025 SKI SEASON WAS 63 ATHLETES. THE CORE AGE CLASS, ABILITY AND FIS PROGRAMS PROMOTE REGIONAL AND NATIONAL COMPETITION. THE PROGRAM WAS STAFFED BY FULL TIME YEAR ROUND COACHES AS WELL AS PART TIME SEASONAL COACHES.

Program 2
Expenses: $214,308 Revenue: $231,151

YOUTH SKI LEAGUE (JR. RACE PROGRAM): THE PROGRAM IS COMPRISED OF YOUTH ATHLETES AGES 6-17 YEARS OLD, PARTICIPATING IN A 16 WEEK PROGRAM, ON EITHER SAT. OR SUNDAY OPERATING DEC. THROUGH END THE...

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YOUTH SKI LEAGUE (JR. RACE PROGRAM): THE PROGRAM IS COMPRISED OF YOUTH ATHLETES AGES 6-17 YEARS OLD, PARTICIPATING IN A 16 WEEK PROGRAM, ON EITHER SAT. OR SUNDAY OPERATING DEC. THROUGH END THE. MARCH. COMPETITIONS TAKE PLACE ON SUNDAYS WITH 4 AWAY RACES AND ONE AT HOME. ENROLLMENT FOR THE 2024-2025 SEASON WAS 105 ATHLETES. THE GOAL OF THE PROGRAM FOCUSES ON INTRODUCTORY ASLPINE COMPETITIONS SKILLS, INLCUDING SLALOM, GIANT SLALOM AND KOMBI TECHNIQUES. THE PROGRAM IS STAFFED BY A YEAR ROUND DIREOCTOR AS WELL AS PART TIME SEASONAL YSL ALPINE COACHES. WE ALSO HAVE SEVERAL VOLUNTEERS WHO PARTICIPATE IN THE PROGRAM.

Program 3
Expenses: $377,241 Revenue: $198,057

SINGLE TRACK MOUNTAIN BIKE ADVENTURES (SMBA): SMBA IS A MOUNTAIN BIKE PROGRAM SERVING THE FRONT RANGE WITH YOUTH AGES 4-18 YEARS OLD. SMBA PROMOTES PHYSICAL FITNESS, MOUNTAIN BIKE SKILL DEVELOPMENT...

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SINGLE TRACK MOUNTAIN BIKE ADVENTURES (SMBA): SMBA IS A MOUNTAIN BIKE PROGRAM SERVING THE FRONT RANGE WITH YOUTH AGES 4-18 YEARS OLD. SMBA PROMOTES PHYSICAL FITNESS, MOUNTAIN BIKE SKILL DEVELOPMENT AND EXPOSURE TO COMPETITIVE MOUNTAIN BIKE RACING. THE PROGRAM CONSISTS OF CAMPS IN THE SUMMER AND TEAM IN THE SPRING, FALL AND 2 SUMMER SESSIONS. DIRT RIDERS FOR YOUNGER ATHLETES FROM AGES 4-6 ALSO PARTIPCATE IN THE SPRING AND FALL. IN 2025 WE HAD 401 ATHLETES. THE PROGRAM IS STAFFED BY A FULL TIME DIRECTOR AND ASSISTANT DIRECTOR AS WELL AS PART AND FULL TIME SEASONAL STAFF.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $309,829
Program Service Revenue $1,032,808
Investment Income $16,968
Other Revenue $80,270
TOTAL REVENUE $1,439,875

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,122,235
Fundraising Expenses $93,636
Program Expenses $1,244,140
Other Expenses $384,778
TOTAL EXPENSES $1,507,013

Year-over-Year Comparison

2024 2023 Change
Revenue $1,439,875 $1,456,806 0.0%
Expenses $1,507,013 $1,560,641 0.0%
Net Income $-67,138 $-103,835 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
114
Volunteers
173

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
$170,377
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT TOMASKO EXECUTIVE DI 60.00
Officer
$117,153 $53,224 $170,377
SAM BASS BOARD MEMBER 2.00
Director
$0 $0 $0
JESSICA CATLIN BOARD MEMBER 2.00
Director
$0 $0 $0
KEVIN GAWENUS TREASURER 4.00
Director
$0 $0 $0
MIKE MCCUE PRESIDENT 2.00
Officer Director
$0 $0 $0
CHRIS MONROE BOARD MEMBER 2.00
Director
$0 $0 $0
MARY BETH REECE SECRETARY 2.00
Director
$0 $0 $0
CONNIE SCIOLINO BOARD MEMBER 2.00
Director
$0 $0 $0
PETER TROLLER VICE PRESIDE 2.00
Officer 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 $1,439,875 $1,507,013 $431,019 $-67,138
2024 $1,456,806 $1,560,641 $499,354 $-103,835
2023 $1,161,913 $1,321,610 $602,869 $-159,697
2022 $1,312,934 $1,330,755 $762,062 $-17,821
2021 $1,479,767 $1,010,367 $781,571 $469,400
2020 $1,018,121 $1,049,005 $441,447 $-30,884
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