Civic Intelligence

Flathead Valley Ski Education Foundation

990 • Fiscal year 2020 • EIN 23-7300629

May 01, 2019 to Apr 30, 2020 • Filed on Nov 04, 2020

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

0.61x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

79th percentile

0.13x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

46th percentile

2.5%

Higher net margin than 46% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

91st percentile

$49,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

93rd percentile

203%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

80th percentile

23%

Faster revenue growth than 80% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$65,812

Up $44,073 (+203%) from 2019

Net Assets

Up

$25,753

Up $27,764 (+1381%) from 2019

Liabilities

Up

$40,059

Up $16,309 (+69%) from 2019

Revenue

Up

$318,369

Up $58,937 (+23%) from 2019

Expenses

Up

$310,255

Up $29,207 (+10%) from 2019

Net Income

Up

$8,114

Up $29,730 (+138%) from 2019

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

2020

Assets$65,812
Liabilities$40,059
Net Assets$25,753

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

2020

Revenue$318,369
Expenses$310,255
Net Income$8,114
Jump To
Filing Snapshot
Filing Period
May 1, 2019 to Apr 30, 2020
Signed
Nov 4, 2020
Return Version
2019v5.1
Gross Receipts
$322,604
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$1,849$48,812▲ $46,963
Inventories for Sale or Use$7,459$7,459→ $0
Cash and Non-Interest-Bearing Accounts$7,884$5,956▼ $1,928
Land, Buildings, and Equipment, Net$4,397$3,010▼ $1,387
Accounts Receivable$150--
Total Assets$21,739$65,812▲ $44,073
Other Assets Total-$575-
Liabilities
Other Liabilities$1,638$39,197▲ $37,559
Accounts Payable and Accrued Expenses$22,112$862▼ $21,250
Total Liabilities$23,750$40,059▲ $16,309
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,371$25,753▲ $28,124
Net Assets With Donor Restrictions$360--
Total Net Assets Fund Balance$-2,011$25,753▲ $27,764
Total Liabilities and Net Assets / Fund Balance$21,739$65,812▲ $44,073

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,010$30,548$33,558
Other Assets Org$375--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tim HindermanExecutive OfficerFT$49,000$49,000
Roy LomanProgram DirectorFT$45,900$45,900

Board Members and Trustees

NameTitle
Don HarringPresident
Mike AndersonVice President
Bill KahleDirector
Jeff RaperDirector
Penny PorterfieldDirector
Richard KramerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$105,449
Program Service Revenue
$209,230
Investment Income
$4
Other Revenue
$3,686
All Other Contributions
$64,930
Change in Net Assets
$8,114
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$201,528
Other Expenses$108,727
Total Fundraising Expense$36,784
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$45,900$24,500$24,500$94,900
Other Salaries and Wages$82,992--$82,992
Payroll Taxes$19,888$1,874$1,874$23,636
Fees for Services Accounting$4,825--$4,825
Occupancy$3,896--$3,896
Office Expenses$3,761--$3,761
Insurance$3,415--$3,415
Fees for Services Management-$2,638-$2,638
Other Expenses$2,554-$10,410$2,554
Depreciation Depletion$1,387--$1,387
Advertising$1,062--$1,062
All Other Expenses$659--$659
Total Functional Expenses$244,459$29,012$36,784$310,255
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$25,920$25,920$794$25,126
Warren Mille$13,804$13,804$420$13,384
Total Events$40,519$40,519$9,789$30,730
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$37,900
Payroll Taxes$1,297
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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 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
Tim Hinderman
Title
Treasurer
Phone
4068852730
Signed
2020-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Harring
Formed
2003
Legal Domicile
Mt
Voting Board Members
7
Independent Board Members
0
Employees
21
Volunteers
79

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 from prior year $19,650

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0105589
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt094099
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt080294
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0118560
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0112998
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0511540
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01011
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt033
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01883
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0629891
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.71290
IRS990ScheduleA/PublicSupportPY170Pct00.46960
IRS990ScheduleA/PublicSupportTotal170Amt0366017
IRS990ScheduleA/SubstantialContributorsTotAmt0145523
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0105589
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt080294
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0118560
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0112998
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0511540
IRS990ScheduleA/TotalSupportAmt0513423
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt03010
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030548
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt033558
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0200
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1375
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UNDEPOSITED FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1FAMILY FEE DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01297
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt137900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PPP LOAN
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03010
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0575
IRS990ScheduleD/TotalLiabilityAmt039197
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt09789
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CHEF SHOWCAS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WARREN MILLE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt025920
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt013804
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0795
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt013804
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0795
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt030730
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01214
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0794
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0420
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt04875
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt03700
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt08575
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 FROM PRIOR YEAR $19,650
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
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt065812
IRS990/TotalAssetsGrp/BOYAmt021739
IRS990/TotalAssetsGrp/EOYAmt065812
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0105449
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt036784
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029012
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0244459
IRS990/TotalFunctionalExpensesGrp/TotalAmt0310255
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023750
IRS990/TotalLiabilitiesEOYAmt040059
IRS990/TotalLiabilitiesGrp/BOYAmt023750
IRS990/TotalLiabilitiesGrp/EOYAmt040059
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2011
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt025753
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0244459
IRS990/TotalProgramServiceRevenueAmt0209230
IRS990/TotalReportableCompFromOrgAmt094900
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0212920
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0318369
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt079
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt021739
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt065812
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM HINDERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER

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