Alf Engen Ski Museum Foundation 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

Principal Officer

Ron Steele

Phone

4356584240

Tax Period

2024-01-01 to 2024-12-31

Alf Engen Ski Museum Foundation Inc is a small nonprofit in the Arts, Culture & Humanities sector that reported $803K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $5.6M represent 83 months of operating reserves.

Mission

The collection, which was acquired through purchases and contributions since the Foundation's inception, is not recognized as an asset on the statement of financial position. Purchases of collection items are recorded as decreases in net assets in the year acquired. Contribution collection items are not reflected in the financial statements.

Program Service Accomplishments

Program 1

Expenses: $475,582 Revenue: $168,375

The Alf Engen Ski Museum educated and entertained 475,000 visitors in 2024 with free entry to two history museums. The virtual Mountain Sports Simulator and corresponding Virtual Ski Jump are offered at $6 per person. We educated over 1,750 Grade 4 students, teachers, and parents through our Educational Field Trip Program. We inducted three new ski pioneers on August 28th, 2024, bringing our total Hall of Fame inductees to ninety-four. We have completed construction on the Hall of Fame exhibit in the foyer, as Phase I of our entrance to the museum upgrade project. Phase II is scheduled to be complete in May 2025.

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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 $531,121

Program Service Revenue $168,375

Investment Income $91,013

Other Revenue $12,353

TOTAL REVENUE $802,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $296,664

Fundraising Expenses $195,492

Program Expenses $475,582

Other Expenses $542,680

TOTAL EXPENSES $839,344

Year-over-Year Comparison

	2024	2023	Change
Revenue	$802,862	$701,097	+0.1%
Expenses	$839,344	$799,895	+0.0%
Net Income	$-36,482	$-98,798	-0.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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
Ron Steele	Chairman	5.0	Officer Director	$0	$0	$0
Tom Kelly	Chairman Emeritus	2.0	Officer Director	$0	$0	$0
Mike C Korologos	Vice President	5.0	Officer Director	$0	$0	$0
Barbara Yamada	Secretary	5.0	Officer Director	$0	$0	$0
Michael Maghan	Treasurer	2.0	Officer Director	$0	$0	$0
Megan Collins	Trustee	3.0	Director	$0	$0	$0
David Davenport	Trustee	0.0	Director	$0	$0	$0
John Durham	Trustee	2.0	Director	$0	$0	$0
Spencer P Eccles	Trustee	0.0	Director	$0	$0	$0
Alan K Engen	Chairman Emeritus	2.0	Director	$0	$0	$0
Todd Engen	Trustee	1.0	Director	$0	$0	$0
Jim Gaddis	Trustee	1.0	Director	$0	$0	$0
David Quinney	Trustee	0.0	Director	$0	$0	$0
Nathan Rafferty	Trustee	1.0	Director	$0	$0	$0
Dr Gregory C Thompson	Trustee	1.0	Director	$0	$0	$0
Luke Bodensteiner	Trusee	1.0	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	No data	No data	No data	No data
2024	$802,862	$839,344	$5,618,661	$-36,482
2023	$701,097	$799,895	$5,592,813	$-98,798
2022	$656,209	$685,749	$5,654,335	$-29,540
2021	$742,917	$573,075	$5,753,623	$169,842
2020	$643,891	$523,384	$5,565,830	$120,507
2019	$554,090	$513,847	$5,438,016	$40,243
2018	$536,347	$560,329	$5,342,520	$-23,982