Civic Intelligence

Flathead Valley Ski Education Foundation

990 • Fiscal year 2017 • EIN 23-7300629

May 01, 2016 to Apr 30, 2017 • Filed on Jul 27, 2017

P O Box 623Whitefish, MT 59937

(406) 885-2730

Siviq Scores

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

Liabilities / Assets

90th percentile

0.51x

Higher debt load relative to assets than 90% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

79th percentile

0.07x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

27th percentile

-7.3%

Higher net margin than 27% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

91st percentile

$45,900

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 19.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

12th percentile

-39%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

36th percentile

-7.8%

Faster revenue growth than 36% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$33,430

Down $21,027 (-39%) from 2016

Net Assets

Down

$16,257

Down $14,937 (-48%) from 2016

Liabilities

Down

$17,173

Down $6,090 (-26%) from 2016

Revenue

Down

$241,356

Down $20,287 (-7.8%) from 2016

Expenses

Down

$258,969

Down $31,339 (-11%) from 2016

Net Income

Up

-$17,613

Up $11,052 (+39%) from 2016

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

2017

Assets$33,430
Liabilities$17,173
Net Assets$16,257

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

2017

Revenue$241,356
Expenses$258,969
Net Income-$17,613
Jump To
Filing Snapshot
Filing Period
May 1, 2016 to Apr 30, 2017
Signed
Jul 27, 2017
Return Version
2016v3.0
Gross Receipts
$244,304
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$26,739$8,617▼ $18,122
Inventories for Sale or Use$6,997$7,459▲ $462
Land, Buildings, and Equipment, Net$8,322$5,792▼ $2,530
Cash and Non-Interest-Bearing Accounts$5,177$5,338▲ $161
Total Assets$54,457$33,430▼ $21,027
Other Assets Total$7,222$6,224▼ $998
Liabilities
Accounts Payable and Accrued Expenses$15,739$9,002▼ $6,737
Other Liabilities$7,524$8,171▲ $647
Total Liabilities$23,263$17,173▼ $6,090
Net Assets / Fund Balance
Unrestricted Net Assets$19,188$8,502▼ $10,686
Permanently Rstr Net Assets$12,006$7,755▼ $4,251
Total Net Assets Fund Balance$31,194$16,257▼ $14,937
Total Liabilities and Net Assets / Fund Balance$54,457$33,430▼ $21,027

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,792$26,146$31,938
Other Assets Org$75--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Roy LomanProgram DirectorFT$45,900$45,900
Tim HindermanExecutive OfficerFT$42,000$42,000

Board Members and Trustees

NameTitle
Mitch EddyPresident
Geoffrey CalawayVice President
Bob UptonBoard Member
Doug ReedDirector
Mike AndersonDirector
Chance CookSecretary
Richard KramerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$118,560
Program Service Revenue
$120,250
Investment Income
$8
Other Revenue
$2,538
All Other Contributions
$75,134
Change in Net Assets
$-17,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$173,325
Other Expenses$85,644
Total Fundraising Expense$16,345
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$73,688$24,276-$97,964
Other Salaries and Wages$75,361--$75,361
Occupancy$16,227--$16,227
Fees for Services Accounting$6,380--$6,380
Insurance$4,726--$4,726
Office Expenses$3,368--$3,368
Depreciation Depletion$2,530--$2,530
Advertising$2,525--$2,525
Other Expenses$131-$16,345$131
Travel$23--$23
Total Functional Expenses$218,348$24,276$16,345$258,969
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Chef Showcas$29,050$29,050$1,295$27,755
Warren Mille$9,574$9,574-$9,574
Total Events$43,426$43,426$16,345$27,081
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$5,771
Plate Loan$2,400
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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 governing body review Part VI line 11

Return was provided to board and officer for review

CEO executive director top management comp Part VI line 15A

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

Other officer or key employee compensation Part VI line 15B

Board and officers determined salaries based on competitive wages and hours worked

Form 990 availability to public Part VI line 18

Form 990 available upon request or website

Governing documents etc available to public Part VI line 19

Tax documents are made available upon request or on website

Filing and Contact Details

Filer

Filer Name
Flathead Valley Ski Foundation Inc
EIN
23-7300629
Address
P O BOX 623, WHITEFISH, MT 59937

Signing Officer

Name
Richard Kramer
Title
Treasurer
Phone
4068852730
Signed
2017-07-27
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Mt
Voting Board Members
7
Independent Board Members
0
Employees
20
Volunteers
75

Preparer

Firm
Coras Tax & Accounting
Address
750 2nd Street w Ste A, Whitefish, MT 59937
Preparer
Cora Arnold
Phone
4068632668
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Adjustments to accounts receivable $2,676

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt033
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt061
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0915695
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.69640
IRS990ScheduleA/PublicSupportPY170Pct00.73770
IRS990ScheduleA/PublicSupportTotal170Amt0188689
IRS990ScheduleA/SubstantialContributorsTotAmt082199
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt075134
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt053852
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt020169
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt076149
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt045584
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0270888
IRS990ScheduleA/TotalSupportAmt0270949
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/ScheduleBRequiredInd0true
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt05792
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026146
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031938
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03376
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12773
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt275
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UNDEPOSITED FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PAYROLL ADVANCE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2FAMILY ADVANCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05771
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PLATE LOAN
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05792
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06224
IRS990ScheduleD/TotalLiabilityAmt08171
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt016345
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CHEF SHOWCAS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WARREN MILLE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02551
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0270
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02821
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt029050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt09574
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt04802
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt043426
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt029050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt09574
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt04802
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt043426
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt027081
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt09339
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt010634
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01295
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0109
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt02781
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02890
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN WAS PROVIDED TO BOARD AND OFFICER FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD AND OFFICERS DETERMINED SALARIES BASED ON CURRENT WAGES IN THE FIELD AND HOURS SPENT DOING REQUIRED DUTIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD AND OFFICERS DETERMINED SALARIES BASED ON COMPETITIVE WAGES AND HOURS WORKED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 AVAILABLE UPON REQUEST OR WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TAX DOCUMENTS ARE MADE AVAILABLE UPON REQUEST OR ON WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ADJUSTMENTS TO ACCOUNTS RECEIVABLE $2,676
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt054457
IRS990/TotalAssetsEOYAmt033430
IRS990/TotalAssetsGrp/BOYAmt054457
IRS990/TotalAssetsGrp/EOYAmt033430
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0118560
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016345
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024276
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0218348
IRS990/TotalFunctionalExpensesGrp/TotalAmt0258969
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023263
IRS990/TotalLiabilitiesEOYAmt017173
IRS990/TotalLiabilitiesGrp/BOYAmt023263
IRS990/TotalLiabilitiesGrp/EOYAmt017173
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt031194
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt016257
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0218348
IRS990/TotalProgramServiceRevenueAmt0120250
IRS990/TotalReportableCompFromOrgAmt087900
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0122796
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0241356
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt054457
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt033430
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt023
IRS990/TravelGrp/TotalAmt023
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt019188
IRS990/UnrestrictedNetAssetsGrp/EOYAmt08502
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD KRAMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04068852730

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