Civic Intelligence

Flathead Valley Ski Education Foundation

990 • Fiscal year 2024 • EIN 23-7300629

May 01, 2023 to Apr 30, 2024 • Filed on Mar 11, 2025

PO Box 623Whitefish, MT 59937

(907) 500-2040

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.25x

Higher debt load relative to assets than 79% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.18x

Higher debt load relative to revenue than 77% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

75th percentile

22%

Higher net margin than 75% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

79th percentile

$77,833

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

79th percentile

24%

Faster asset growth than 79% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

18%

Faster revenue growth than 63% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$492,349

Up $96,236 (+24%) from 2023

Net Assets

Up

$367,184

Up $150,599 (+70%) from 2023

Liabilities

Down

$125,165

Down $54,363 (-30%) from 2023

Revenue

Up

$685,266

Up $105,098 (+18%) from 2023

Expenses

Up

$534,667

Up $61,142 (+13%) from 2023

Net Income

Up

$150,599

Up $43,956 (+41%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0-$200KAssets 2011: $16,861Liabilities 2011: $0Net Assets 2011: $16,8612011Assets 2012: $35,925Liabilities 2012: $0Net Assets 2012: $35,9252012Assets 2013: $72,589Liabilities 2013: $2,753Net Assets 2013: $69,8362013Assets 2014: $88,073Liabilities 2014: $4,722Net Assets 2014: $83,3512014Assets 2015: $78,082Liabilities 2015: $18,223Net Assets 2015: $59,8592015Assets 2016: $54,457Liabilities 2016: $23,263Net Assets 2016: $31,1942016Assets 2017: $33,430Liabilities 2017: $17,173Net Assets 2017: $16,2572017Assets 2018: $31,142Liabilities 2018: $11,537Net Assets 2018: $19,6052018Assets 2019: $21,739Liabilities 2019: $23,750Net Assets 2019: -$2,0112019Assets 2020: $65,812Liabilities 2020: $40,059Net Assets 2020: $25,7532020Assets 2021: $142,486Liabilities 2021: $103,709Net Assets 2021: $38,7772021Assets 2022: $233,217Liabilities 2022: $123,275Net Assets 2022: $109,9422022Assets 2023: $396,113Liabilities 2023: $179,528Net Assets 2023: $216,5852023Assets 2024: $492,349Liabilities 2024: $125,165Net Assets 2024: $367,1842024Assets 2025: $582,163Liabilities 2025: $118,864Net Assets 2025: $463,2992025

Highlighted filing

2024

Assets$492,349
Liabilities$125,165
Net Assets$367,184

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $77,474Expenses 2011: $84,442Net Income 2011: -$6,9682011Revenue 2012: $133,722Expenses 2012: $114,658Net Income 2012: $19,0642012Revenue 2013: $168,806Expenses 2013: $132,715Net Income 2013: $36,0912013Revenue 2014: $243,132Expenses 2014: $229,617Net Income 2014: $13,5152014Revenue 2015: $261,088Expenses 2015: $283,978Net Income 2015: -$22,8902015Revenue 2016: $261,643Expenses 2016: $290,308Net Income 2016: -$28,6652016Revenue 2017: $241,356Expenses 2017: $258,969Net Income 2017: -$17,6132017Revenue 2018: $279,129Expenses 2018: $275,781Net Income 2018: $3,3482018Revenue 2019: $259,432Expenses 2019: $281,048Net Income 2019: -$21,6162019Revenue 2020: $318,369Expenses 2020: $310,255Net Income 2020: $8,1142020Revenue 2021: $383,693Expenses 2021: $368,463Net Income 2021: $15,2302021Revenue 2022: $427,245Expenses 2022: $356,930Net Income 2022: $70,3152022Revenue 2023: $580,168Expenses 2023: $473,525Net Income 2023: $106,6432023Revenue 2024: $685,266Expenses 2024: $534,667Net Income 2024: $150,5992024Revenue 2025: $725,198Expenses 2025: $629,083Net Income 2025: $96,1152025

Highlighted filing

2024

Revenue$685,266
Expenses$534,667
Net Income$150,599
Jump To
Filing Snapshot
Filing Period
May 1, 2023 to Apr 30, 2024
Signed
Mar 11, 2025
Return Version
2023v6.0
Gross Receipts
$769,431
Mission and Program Overview

Mission

Fvsef mission is dedicated to athletic and academic and personal excellence through educational and competitive programs in skiing. Fvsef participants become better athletes, better students and better citizens for life.

. Fvsef is dedicated to athletic, academic and personal excellence through ski racing education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$104,169$360,064▲ $255,895
Land, Buildings, and Equipment, Net$1,287$69,496▲ $68,209
Cash and Non-Interest-Bearing Accounts$290,657$62,789▼ $227,868
Total Assets$396,113$492,349▲ $96,236
Liabilities
Unsecured Notes Loans Payable$100,000$100,000→ $0
Other Liabilities$64,217$21,345▼ $42,872
Accounts Payable and Accrued Expenses$15,311$3,820▼ $11,491
Total Liabilities$179,528$125,165▼ $54,363
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$216,585$367,184▲ $150,599
Total Net Assets Fund Balance$216,585$367,184▲ $150,599
Total Liabilities and Net Assets / Fund Balance$396,113$492,349▲ $96,236

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$51,974$4,725$56,699
Equipment$17,522$2,851$20,373
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hilary LindhExecutive DirectorFT$77,833$77,833

Board Members and Trustees

NameTitle
Tom HeineckePresident
Mike AndersonVice President
Cari KlepperDirector
Don HarringDirector
Hailey LoveDirector
Josh SmithDirector
Victoria MarcialDirector
Justin BreckSecretary
Cyrus HadidiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$137,245
Program Service Revenue
$423,844
Investment Income
$3,731
Other Revenue
$120,446
All Other Contributions
$21,650
Change in Net Assets
$150,599
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$313,990
Other Expenses$220,677
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$191,358--$191,358
Current Officers, Directors, Trustees, and Key Employees-$79,167-$79,167
Payroll Taxes$36,740$6,725-$43,465
Fees for Services Accounting-$26,350-$26,350
Insurance-$9,392-$9,392
Depreciation Depletion$7,028--$7,028
Interest$5,136--$5,136
Office Expenses$3,716--$3,716
Other Expenses$2,968--$2,968
Advertising$2,850--$2,850
Fees for Services Other-$1,204-$1,204
Occupancy$1,155--$1,155
Conferences and Meetings$605--$605
Travel$274--$274
Total Functional Expenses$411,829$122,838$0$534,667
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$147,645
Fundraising Direct Expenses$18,819
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Showcase$84,990$4,003$8,536$-4,533
Warren Miller Movie$22,746$812$5,319$-4,507
Total Events$263,239$147,644$18,819$128,825
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Athlete Credits$12,674
Payroll Taxes$8,671
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Executive director reviews first, then officers of board review, and then board reviews and votes to approve.

Form 990, Part VI, Section B, Line 15

The board and officers determined salaries based on current wages in the field and hours spent doing required duties. The board and officers determined salaries based on competitive wages and hours worked.

Form 990, Part VI, Section C, Line 19

Tax documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Flathead Valley Ski Education Foundation
EIN
23-7300629
Phone
9075002040
Address
PO BOX 623, WHITEFISH, MT 59937

Signing Officer

Name
Cyrus Hadidi
Title
Director
Phone
9075002040
Signed
2025-03-11
Discuss with paid preparer
Yes

Organization Details

Formed
1973
Legal Domicile
Mt
Voting Board Members
9
Independent Board Members
0
Employees
42
Volunteers
100

Preparer

Firm
Jordahl & Sliter Pllc
Address
PO BOX 8600, KALISPELL, MT 59904-1600
Preparer
Justin P Sliter
Phone
4067521040
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYSalariesCompEmpBnftPaidAmt0296485
IRS990/PYTotalExpensesAmt0473525
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0580168
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0150599
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0424695
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0104169
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0360064
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0137245
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0151714
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt052954
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0155799
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0105589
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0603301
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03731
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0159
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt033
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03949
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99350
IRS990ScheduleA/PublicSupportPY170Pct00.99780
IRS990ScheduleA/PublicSupportTotal170Amt0603301
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0137245
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0151714
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt052954
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0155799
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0105589
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0603301
IRS990ScheduleA/TotalSupportAmt0607250
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt017522
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02851
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020373
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt051974
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04725
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt056699
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08671
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112674
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ATHLETE CREDITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt069496
IRS990ScheduleD/TotalLiabilityAmt021345
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0115595
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt080987
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt021934
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt012674
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018819
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SHOWCASE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WARREN MILLER MOVIE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02634
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02634
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt084990
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt022746
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0155503
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0263239
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt04003
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0812
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0142829
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0147644
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0128825
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0805
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt014660
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08536
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt05319
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt01525
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt01525
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR REVIEWS FIRST, THEN OFFICERS OF BOARD REVIEW, AND THEN BOARD REVIEWS AND VOTES TO APPROVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD AND OFFICERS DETERMINED SALARIES BASED ON CURRENT WAGES IN THE FIELD AND HOURS SPENT DOING REQUIRED DUTIES. THE BOARD AND OFFICERS DETERMINED SALARIES BASED ON COMPETITIVE WAGES AND HOURS WORKED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TAX DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0396113
IRS990/TotalAssetsEOYAmt0492349
IRS990/TotalAssetsGrp/BOYAmt0396113
IRS990/TotalAssetsGrp/EOYAmt0492349
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0137245
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0122838
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0411829
IRS990/TotalFunctionalExpensesGrp/TotalAmt0534667
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0179528
IRS990/TotalLiabilitiesEOYAmt0125165
IRS990/TotalLiabilitiesGrp/BOYAmt0179528
IRS990/TotalLiabilitiesGrp/EOYAmt0125165
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0216585
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0367184
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0411829
IRS990/TotalProgramServiceRevenueAmt0423844
IRS990/TotalReportableCompFromOrgAmt077833
IRS990/TotalRevenueGrp/ExclusionAmt0123326
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0424695
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0685266
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0396113
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0492349

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.82$1.19$4.63$7.25$6.29$0.96
2024Detailed filing. Detailed filing data is available for this year.$4.92$1.25$3.67$6.85$5.35$1.51
2023Detailed filing. Detailed filing data is available for this year.$3.96$1.80$2.17$5.80$4.74$1.07
2022Detailed filing. Detailed filing data is available for this year.$2.33$1.23$1.10$4.27$3.57$0.70
2021Detailed filing. Detailed filing data is available for this year.$1.42$1.04$0.39$3.84$3.68$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.66$0.40$0.26$3.18$3.10$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.22$0.24$0.02$2.59$2.81$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.31$0.12$0.20$2.79$2.76$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.33$0.17$0.16$2.41$2.59$0.18
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.23$0.31$2.62$2.90$0.29
2015Detailed filing. Detailed filing data is available for this year.$0.78$0.18$0.60$2.61$2.84$0.23
2014Detailed filing. Detailed filing data is available for this year.$0.88$0.05$0.83$2.43$2.30$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.03$0.70$1.69$1.33$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.00$0.36$1.34$1.15$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.00$0.17$0.77$0.84$0.07