MAT-SU 2024 ARCTIC WINTER GAMES HOS (EIN 870870448) - 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

2021

Legal Domicile

Principal Officer

AMY SPARGO

Phone

9077454294

Tax Period

2023-01-01 to 2023-12-31

MAT-SU 2024 ARCTIC WINTER GAMES HOS, founded in 2021, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $3.3M exceeded revenue, resulting in a 76% operating deficit.

Mission

THE MAT-SU ARCTIC WINTER GAMES ARE COMING TO ALASKA THE MAT-SU ARCTIC WINTER GAMES HOST SOCIETY WAS FORMED AFTER THE BID WAS AWARDED BY THE ARCTIC WINTER GAMES INTERNATIONAL COMMITTEE TO HOST THE GAMES IN THE REGION. THE MAT-SU 2024 ARCTIC WINTER GAMES WILL UNITE AND CELEBRATE OUR COMMUNITY WHILE CONNECTING US TO OUR NORTHERN NEIGHBORS. OUR MISSION IS TO SHARE THE SPIRIT AND BEAUTY OF THE MAT-SU BY HOSTING A WORLD-CLASS EVENT THAT PROMOTES HEALTHY RECREATIONAL ACTIVITIES AND EMPOWERS FUTURE LEADERS THROUGH SPORT AND CULTURE. OUR VALUES ARE ROOTED IN OUR CALL TO ACTION RISING STRONG AFTER SEVERAL CHALLENGING YEARS, WE LOOK FORWARD TO GATHERING AS A COMMUNITY AND CELEBRATING OUR VALUES WHICH INCLUDE; RESILIENCE, INCLUSIVITY, STRENGTH, AND EXCELLENCE. RISE WITH US

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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 $1,786,366

Program Service Revenue $69,452

Investment Income $507

Other Revenue $0

TOTAL REVENUE $1,856,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $652,658

Fundraising Expenses $89,591

Program Expenses $2,260,504

Other Expenses $2,606,170

TOTAL EXPENSES $3,258,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,856,325	$2,300,537	-0.2%
Expenses	$3,258,828	$597,813	+4.5%
Net Income	$-1,402,503	$1,702,724	-1.8%

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

150

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

$95,676

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLLY ODEGARD	DIRECTOR	40.00	Director	$50,000	$0	$50,000
ANJANETTE STEER	DIRECTOR	40.00	Director	$45,676	$0	$45,676
LEDA BORYS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MAIJA DISALVO	TREASURER	2.00	Officer Director	$0	$0	$0
TRENT FARRIS	DIRECTOR	2.00	Director	$0	$0	$0
COLIN FAY	DIRECTOR	2.00	Director	$0	$0	$0
KATIE GARDNER	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON HAWKINS	DIRECTOR	2.00	Director	$0	$0	$0
RUSS KRAFFT	DIRECTOR	2.00	Director	$0	$0	$0
JILLIAN MORRISEY	DIRECTOR	2.00	Director	$0	$0	$0
CASEY RESSLER	SECRETARY	2.00	Officer Director	$0	$0	$0
ELIAS ROJAS	DIRECTOR	2.00	Director	$0	$0	$0
KIM SOLLIEN	DIRECTOR	2.00	Director	$0	$0	$0
AMY SPARGO	CHAIR	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
2024	No data	No data	No data	No data
2023	$1,856,325	$3,258,828	$601,061	$-1,402,503
2022	$2,300,537	$597,813	$1,929,044	$1,702,724
2021	$250,027	$24,881	$228,531	$225,146

MAT-SU 2024 ARCTIC WINTER GAMES HOS