THUNDERBIRD LODGE PRESERVATION SOCIETY

EIN: 880434866 501(c)(3) Arts, Culture & Humanities

INCLINE VILLAGE, NV

Total Revenue
$2,408,474
Total Expenses
$1,522,952
Total Assets
$21,685,150
Net Assets
$21,241,254
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NV
Principal Officer
PETE STURTEVANT
Phone
7758328754
Tax Period
2023-01-01 to 2023-12-31

THUNDERBIRD LODGE PRESERVATION SOCIETY, founded in 1999, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $886K, a strong 37% operating margin.

Mission

THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WHICH INCLUDE INSPIRING CURIOSITY, APPRECIATION, UNDERSTANDING, AND STEWARDSHIP OF LAKE TAHOE'S ART, HISTORY, AND ENVIRONMENT THROUGH PRESERVATION, EDUCATION, AND CONSERVATION. SPECIFICALLY: (A) PRESERVING, PROTECTING, AND INTERPRETING THE CULTURAL, NATURAL, AND HISTORIC RESOURCES OF NORTHERN NEVADA AND NORTHERN CALIFORNIA, INCLUDING THE WHITTELL ESTATE (THUNDERBIRD LODGE) NATIONAL HISTORIC DISTRICT, THUNDERBIRD YACHT, THE ARTIFACTS AND COLLECTIONS OF THE REGION AND ITS PEOPLE, AND SUCH OTHER PUBLIC WORKS, MONUMENTS, AND LANDS THE CORPORATION DEEMS WORTHY OF CONSERVATION OR PRESERVATION. (B) EDUCATING AND PROMOTING PUBLIC APPRECIATION REGARDING THE CULTURE, ART, HERITAGE, SCIENCE, ENVIRONMENT, AND HISTORY OF LAKE TAHOE AND ITS CONTRIBUTING STATES THROUGH PUBLIC TOURS AND EXPERIENCES. (C) CONSERVING AND INTERPRETING THE FRAGILE LAKE TAHOE AREA ENVIRONMENT AND REGIONAL LANDSCAPES BY UNDERTAKING AND/OR FACILITATING SCIENTIFIC STUDY AND PROGRAMS; AND (D) ENGAGING IN SUCH OTHER LAWFUL ACTIVITIES AS ARE CONSISTENT WITH THE FOREGOING CHARITABLE, EDUCATIONAL, AND/OR SCIENTIFIC PURPOSES, WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,565,935
Program Service Revenue $237,152
Investment Income $311,897
Other Revenue $293,490
TOTAL REVENUE $2,408,474

Expense Breakdown

Grants Paid $0
Salaries & Benefits $260,302
Fundraising Expenses $0
Program Expenses $1,256,598
Other Expenses $1,262,650
TOTAL EXPENSES $1,522,952

Year-over-Year Comparison

2023 2022 Change
Revenue $2,408,474 $2,561,925 -0.1%
Expenses $1,522,952 $1,435,633 +0.1%
Net Income $885,522 $1,126,292 -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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Governance

Voting Members
9
Independent Members
9
Employees
10
Volunteers
N/A

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL FISCHER PRESIDENT/CHAIRMAN 3.00
Officer Director
$0 $0 $0
PETE STURTEVANT TREASURER 3.00
Officer Director
$0 $0 $0
SUSAN LOWE DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH TUOTO DIRECTOR 1.00
Director
$0 $0 $0
MANOJ KASHYAP DIRECTOR 1.00
Director
$0 $0 $0
TAWNY POLITO SECRETARY 3.00
Director
$0 $0 $0
CRAIG OLSON SECRETARY 1.00
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 $2,408,474 $1,522,952 $21,685,150 $885,522
2022 $2,561,925 $1,435,633 $18,823,657 $1,126,292
2021 $3,496,857 $1,484,746 $20,623,171 $2,012,111
2020 $2,063,132 $1,479,540 $16,268,546 $583,592
2019 $2,268,498 $1,908,056 $16,699,005 $360,442
2018 $2,941,939 $1,962,162 $14,150,954 $979,777
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