Sky Tavern 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

Formation Year

1991

Legal Domicile

Principal Officer

Yale Spina

Phone

7753235125

Tax Period

2023-09-01 to 2024-08-31

Sky Tavern Inc, founded in 1991, is a community nonprofit in the Recreation & Sports sector that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $572K, a strong 21% operating margin.

Mission

Sky Tavern is a non-profit regional center providing exceptional summer and winter outdoor sports training, competitions, recreation, and events accessible to all.

Program Service Accomplishments

Program 1

Expenses: $985,463 Revenue: $947,830

Provide low-cost, quality ski, snowboard, and adaptive instruction, transportation, and mountain bike riding instruction to residents of the Reno, Sparks and Truckee Meadows area.The organization...

Provide low-cost, quality ski, snowboard, and adaptive instruction, transportation, and mountain bike riding instruction to residents of the Reno, Sparks and Truckee Meadows area.The organization also makes the venue available to residents and businesses of the Reno, Sparks, and Truckee Meadows area for weddings, corporate gatherings, and workshops. No additional services are provided in conjunction with making the venue available.

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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 $1,729,507

Program Service Revenue $858,055

Investment Income $21,858

Other Revenue $120,982

TOTAL REVENUE $2,730,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,155,880

Fundraising Expenses $0

Program Expenses $985,463

Other Expenses $1,002,738

TOTAL EXPENSES $2,158,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,730,402	$2,357,030	+0.2%
Expenses	$2,158,618	$1,619,498	+0.3%
Net Income	$571,784	$737,532	-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

Volunteers

1612

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

$85,163

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Savage	Head Race Coach (until April 2024)	40.00	Highest	$160,486	$0	$160,486
Bill Henderson	Executive Director (until 6/2024)	40.00	Officer	$85,163	$0	$85,163
Patrick Cashell	CEO (starting 3/2024)	40.00	Officer	$0	$0	$0
Christopher Brown	COO/Exec Director (starting 3/2024)	40.00	Officer	$0	$0	$0
Yale Spina	Chair	20.00	Officer Director	$0	$0	$0
John Cunha	Vice Chair	10.00	Officer Director	$0	$0	$0
Greg Doyle	Treasurer	5.00	Officer Director	$0	$0	$0
Ann Carpenter	Secretary	5.00	Officer Director	$0	$0	$0
Chris Bender	Director	2.00	Director	$0	$0	$0
Greg Batchelder	Director	3.00	Director	$0	$0	$0
Robert Lebeau	Director	3.00	Director	$0	$0	$0
Cameron Bordner	Director	5.00	Director	$0	$0	$0
Randi Thompson	Director	3.00	Director	$0	$0	$0
Toby Basta	Director	3.00	Director	$0	$0	$0
Richard Tapia	Director (until 4/2024)	3.00	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	No data	No data	No data	No data
2024	$2,730,402	$2,158,618	$3,278,839	$571,784
2023	$2,357,030	$1,619,498	$2,489,152	$737,532
2022	$1,713,809	$1,012,699	$1,370,590	$701,110
2021	$1,048,761	$739,915	$668,710	$308,846
2020	$755,877	$599,409	$471,127	$156,468
2019	$704,516	$681,023	$212,294	$23,493
2018	$505,311	$401,398	$269,567	$103,913