CRESTED BUTTE NORDIC COUNCIL

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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

1987

Legal Domicile

Principal Officer

GARY KEISER

Phone

9703491707

Tax Period

2024-07-01 to 2025-06-30

CRESTED BUTTE NORDIC COUNCIL, founded in 1987, is a community nonprofit in the Recreation & Sports sector that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 7% surplus.

Mission

CRESTED BUTTE NORDIC FOSTERS OUTDOOR EXPERIENCES, AND COMMUNITY WELL-BEING THROUGH HIGH-QUALITY CROSS-COUNTRY SKI PROGRAMS, RECREATION EVENTS, AND WINTER TRAILS.

Program Service Accomplishments

Program 1

Expenses: $721,005 Revenue: $923,833

PROGRAMS & SERVICES: CB NORDIC PROGRAMS AND SERVICES INCLUDE NORDIC SKIING INSTRUCTION, YOUTH TEAM COACHING, BACKCOUNTRY TOURS, EQUIPMENT RENTALS, AND BACKCOUNTRY YURT DINNERS.

Program 2

Expenses: $420,786 Revenue: $524,995

EVENTS: CB NORDIC HOSTS SIX RECREATION EVENTS THROUGHOUT THE YEAR; THE ALLEY LOOP NORDIC MARATHON, GOTHIC MOUNTAIN TOUR, WINTER GRAND TRAVERSE, SUMMER RUN GRAND TRAVERSE, SUMMER MOUNTAIN BIKE GRAND TRAVERSE, AND THE GRIN AND BEAR IT TRAIL RUN. OVER 2,000 PEOPLE PARTICIPATED IN CB NORDIC'S EVENTS TO COMPETE, IMPROVE THEIR HEALTH AND WELL BEING, AND ENJOY THE OUTDOORS.

Program 3

Expenses: $239,085 Revenue: $20,725

OPERATIONS: CB NORDIC'S OPERATIONS INCLUDE MAINTINING 55 KILOMETERS OF WINTER TRAILS, SNOWSHOE TRAILS, AND THE UPKEEP OF ASSOCIATED OPERATIONS EQUIPMENT AND FACILITIES.

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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 $382,721

Program Service Revenue $1,469,553

Investment Income $33,125

Other Revenue $56,675

TOTAL REVENUE $1,942,074

Expense Breakdown

Grants Paid $1,300

Salaries & Benefits $912,496

Fundraising Expenses $184,556

Program Expenses $1,382,176

Other Expenses $887,060

TOTAL EXPENSES $1,800,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,942,074	$1,898,100	+0.0%
Expenses	$1,800,856	$1,711,141	+0.1%
Net Income	$141,218	$186,959	-0.2%

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

118

Volunteers

300

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
DANA ALBRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN CATMUR	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE JENNISON	DIRECTOR	1.00	Director	$0	$0	$0
GARY KEISER	TREASURER	2.00	Officer Director	$0	$0	$0
EMMA LOHR	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE POPPER	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH SMITH	VICE-PRESIDE	1.50	Officer Director	$0	$0	$0
JALENE SZUBA	SECRETARY	1.50	Officer Director	$0	$0	$0
KATIE SCHOFIELD	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE ZEMBAL	DIRECTOR	1.00	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	$1,942,074	$1,800,856	$3,253,485	$141,218
2024	$1,898,100	$1,711,141	$3,247,007	$186,959
2023	$2,206,820	$1,624,936	$3,339,283	$581,884
2022	$2,554,393	$1,458,261	$2,359,345	$1,096,132
2021	$1,393,367	$1,095,208	$1,301,080	$298,159
2020	$1,161,860	$1,012,653	$1,217,825	$149,207
2018	$943,889	$901,699	$681,699	$42,190