Civic Intelligence

Tenth Mountain Division Hut Assn Inc

EIN 74-2252484 • 501(c)3 • Aspen, CO

Profile

The purpose of tenth (10th) mountain is to plan, finance, build and manage, for public use, a mountain hut system that promotes understanding and appreciation of the natural mountain environment while developing individual self-reliance.

1280 Ute Avenue 21Aspen, CO 81611

huts.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.36x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

88th percentile

1.35x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

33rd percentile

-1.2%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

60th percentile

$155,850

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

22nd percentile

-4.2%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

43rd percentile

3.9%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Down

$7,070,136

Down $306,499 (-4.2%) from 2024

Liabilities

Down

$2,526,115

Down $283,333 (-10%) from 2024

Net Assets

Down

$4,544,021

Down $23,166 (-0.5%) from 2024

Revenue

Up

$1,871,375

Up $70,112 (+3.9%) from 2024

Expenses

Up

$1,894,541

Up $21,371 (+1.1%) from 2024

Net Income

Up

-$23,166

Up $48,741 (+68%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,004,466Liabilities 2010: $947,117Net Assets 2010: $3,057,3492010Assets 2011: $4,168,000Liabilities 2011: $1,021,068Net Assets 2011: $3,146,9322011Assets 2012: $4,468,588Liabilities 2012: $1,146,661Net Assets 2012: $3,321,9272012Assets 2013: $4,476,737Liabilities 2013: $1,136,272Net Assets 2013: $3,340,4652013Assets 2014: $4,423,098Liabilities 2014: $1,159,386Net Assets 2014: $3,263,7122014Assets 2015: $4,675,449Liabilities 2015: $1,350,935Net Assets 2015: $3,324,5142015Assets 2016: $4,793,058Liabilities 2016: $1,390,119Net Assets 2016: $3,402,9392016Assets 2017: $5,434,334Liabilities 2017: $1,507,842Net Assets 2017: $3,926,4922017Assets 2018: $5,711,884Liabilities 2018: $1,762,987Net Assets 2018: $3,948,8972018Assets 2019: $5,918,867Liabilities 2019: $1,942,532Net Assets 2019: $3,976,3352019Assets 2020: $6,315,592Liabilities 2020: $2,441,282Net Assets 2020: $3,874,3102020Assets 2021: $6,756,317Liabilities 2021: $2,889,441Net Assets 2021: $3,866,8762021Assets 2022: $7,194,218Liabilities 2022: $2,652,446Net Assets 2022: $4,541,7722022Assets 2023: $7,535,071Liabilities 2023: $2,835,303Net Assets 2023: $4,699,7682023Assets 2024: $7,376,635Liabilities 2024: $2,809,448Net Assets 2024: $4,567,1872024Assets 2025: $7,070,136Liabilities 2025: $2,526,115Net Assets 2025: $4,544,0212025

Highlighted filing

2025

Assets$7,070,136
Liabilities$2,526,115
Net Assets$4,544,021

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,066,1272010Expenses 2011: $1,209,3092011Revenue 2012: $1,332,844Expenses 2012: $1,157,849Net Income 2012: $174,9952012Expenses 2013: $1,166,7002013Revenue 2014: $1,092,728Expenses 2014: $1,169,481Net Income 2014: -$76,7532014Revenue 2015: $1,245,439Expenses 2015: $1,184,637Net Income 2015: $60,8022015Revenue 2016: $1,318,633Expenses 2016: $1,240,655Net Income 2016: $77,9782016Revenue 2017: $1,811,300Expenses 2017: $1,287,747Net Income 2017: $523,5532017Revenue 2018: $1,370,688Expenses 2018: $1,348,283Net Income 2018: $22,4052018Revenue 2019: $1,398,229Expenses 2019: $1,370,791Net Income 2019: $27,4382019Revenue 2020: $1,266,730Expenses 2020: $1,368,755Net Income 2020: -$102,0252020Revenue 2021: $1,386,532Expenses 2021: $1,393,966Net Income 2021: -$7,4342021Revenue 2022: $2,098,401Expenses 2022: $1,430,712Net Income 2022: $667,6892022Revenue 2023: $1,899,428Expenses 2023: $1,741,432Net Income 2023: $157,9962023Revenue 2024: $1,801,263Expenses 2024: $1,873,170Net Income 2024: -$71,9072024Revenue 2025: $1,871,375Expenses 2025: $1,894,541Net Income 2025: -$23,1662025

Highlighted filing

2025

Revenue$1,871,375
Expenses$1,894,541
Net Income-$23,166

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.07$2.53$4.54$1.87$1.89$0.02
2024Detailed filing. Detailed filing data is available for this year.$7.38$2.81$4.57$1.80$1.87$0.07
2023Detailed filing. Detailed filing data is available for this year.$7.54$2.84$4.70$1.90$1.74$0.16
2022Detailed filing. Detailed filing data is available for this year.$7.19$2.65$4.54$2.10$1.43$0.67
2021Detailed filing. Detailed filing data is available for this year.$6.76$2.89$3.87$1.39$1.39$0.01
2020Detailed filing. Detailed filing data is available for this year.$6.32$2.44$3.87$1.27$1.37$0.10
2019Detailed filing. Detailed filing data is available for this year.$5.92$1.94$3.98$1.40$1.37$0.03
2018Detailed filing. Detailed filing data is available for this year.$5.71$1.76$3.95$1.37$1.35$0.02
2017Detailed filing. Detailed filing data is available for this year.$5.43$1.51$3.93$1.81$1.29$0.52
2016Detailed filing. Detailed filing data is available for this year.$4.79$1.39$3.40$1.32$1.24$0.08
2015Detailed filing. Detailed filing data is available for this year.$4.68$1.35$3.32$1.25$1.18$0.06
2014Detailed filing. Detailed filing data is available for this year.$4.42$1.16$3.26$1.09$1.17$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.48$1.14$3.34$1.17
2012Summary only. Only limited summary data is available for this year.$4.47$1.15$3.32$1.33$1.16$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.17$1.02$3.15$1.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.00$0.95$3.06$1.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 5, 2026
Return Version
2024v5.2
Gross Receipts
$1,883,365
Mission and Program Overview

Mission

The purpose of tenth (10th) mountain is to plan, finance, build and manage, for public use, a mountain hut system that promotes understanding and appreciation of the natural mountain environment while developing individual self-reliance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,567,187$4,544,021▼ $23,166
Land, Buildings, and Equipment, Net$3,645,689$3,839,857▲ $194,168
Savings and Temporary Cash Investments$2,094,790$1,738,773▼ $356,017
Prepaid Expenses and Deferred Charges$1,511,325$1,222,775▼ $288,550
Cash and Non-Interest-Bearing Accounts$49,832$161,155▲ $111,323
Pledges and Grants Receivable-$33,055-
Inventories for Sale or Use$21,078$32,389▲ $11,311
Accounts Receivable$53,921$31,994▼ $21,927
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$7,376,635$7,070,136▼ $306,499
Other Assets Total-$10,138-
Liabilities
Other Liabilities$2,396,854$2,121,815▼ $275,039
Accounts Payable and Accrued Expenses$205,323$207,464▲ $2,141
Deferred Revenue$207,271$196,836▼ $10,435
Total Liabilities$2,809,448$2,526,115▼ $283,333
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,567,187$4,544,021▼ $23,166
Total Liabilities and Net Assets / Fund Balance$7,376,635$7,070,136▼ $306,499

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,976,914$2,610,906$4,587,820
Leasehold Improvements$1,154,192$811,839$1,966,031
Equipment$76,264$621,767$698,031
Land$627,939-$627,939
Other Land Buildings$4,548$69,555$74,103
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Benjamin H DodgeExecutive DirectorFT$155,850$155,850

Board Members and Trustees

NameTitle
Peter EricsonPresident
Kirsten NewhardVice President
Suzanne WhiteVice President
Arthur FergusonDirector
Bob MooreDirector
Buck ElliottDirector
Ethan GreeneDirector
Jack PlacchiDirector
James DukeDirector
John ThomsonDirector
Justin TalbotDirector
Tarn UdallDirector
Todd KennedyDirector
Willy PowellDirector
Christy MahonSecretary
Howie MalloryTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Summit Huts AssociationHut RentalsPO BOX 2830, Breckenridge, CO 80424$350,492
Shrine Mountain InnHut RentalsC/O 201 STARK MESA RD, Carbondale, CO 81623$337,581
Alfred A Braun Hut System INCHut RentalsPO BOX 7937, Aspen, CO 81611$277,530
Polar Star Inn LLCHut Rentals900 VALLEY ROAD, Carbondale, CO 81623$164,539
Continental Divide CabinsHut RentalsPO BOX 309, Edwards, CO 81632$136,385
Revenue and Support

Revenue Composition

Contributions and Grants
$248,443
Program Service Revenue
$1,522,282
Investment Income
$68,992
Other Revenue
$31,658
All Other Contributions
$67,352
Change in Net Assets
$-23,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,138,622
Salaries, Compensation, and Employee Benefits$739,769
Total Fundraising Expense$73,227
Grants and Similar Amounts Paid$16,150
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$449,818$52,920$26,460$529,198
Insurance$227,260$26,737$13,368$267,365
Depreciation Depletion$147,085$17,304$8,652$173,041
Current Officers, Directors, Trustees, and Key Employees$132,473$15,585$7,793$155,851
Fees for Services Accounting$82,217$9,673$4,836$96,726
Travel$59,185$6,963$3,481$69,629
Occupancy$56,325$6,627$3,313$66,265
Payroll Taxes$46,512$5,472$2,736$54,720
Other Expenses$159,785$46,956-$46,956
Advertising$32,360$3,807$1,903$38,070
Grants to Domestic Orgs$16,150--$16,150
Office Expenses$11,647$1,370$685$13,702
Total Functional Expenses$1,627,900$193,414$73,227$1,894,541
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Buck ElliotMountain GuideGuides to HutsNo$26,320

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance Deposits$2,121,815
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

When the board delegates authority to a committee, that committee then reports back to the entire board at the next quarterly board meeting and subsequent meetings until the project is completed.

Form 990, Part VI, Section A, Line 2

Buck elliot is a mountain guide that takes groups to the huts for a fee from the hut customers. His organization is called paragon guides. He receives preferencial treatment for being a guide.

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

Form 990 was presented to every board member for review prior to the filing of the tax return with the internal revenue service. Board members are encouraged to review and comment.

Form 990, Part VI, Section B, Line 12C

Board members are requested to disclose any possible conflicts of interest at board of director's meetings.

Form 990, Part VI, Section B, Line 15A

Board reviews executive director salary annually and reviews in comparison to other persons in a similar positions to establish reasonable compensation. Committees were formed to research this matter among the non-profit sector.

Form 990, Part VI, Section B, Line 15B

Board reviews comparable compensation and votes on these matters. When necessary, committees are formed to review comparable wages for similar positions or scope of work. These findings are then presented by the committees at the next regularly scheduled board meeting.

Form 990, Part VI, Section C, Line 18

Tenth mountain shall provide a copy of tax returns, form 1023 upon written or in-person request by any member of the general public.

Form 990, Part VI, Section C, Line 19

Irs forms 990 and 1023, the articles of incorporation, by-laws and annual reviews or audits shall be distributed to the board and open for public inspection as directed by federal and state laws.annual non-profit form 990 tax returns are also available on guidestar for members of the general public to review as well as on the colorado secretary of state website. The articles of incorporation are also available on the colorado secretary of state website. Financial statements are available on an annual fiscal year end basis of june 30th.

Filing and Contact Details

Filer

Filer Name
Tenth Mountain Division Hut Assn Inc
EIN
74-2252484
Phone
9709254554
Address
1280 Ute Avenue 21, Aspen, CO 81611

Signing Officer

Name
Howie Mallory
Title
Treasurer
Signed
2026-01-05
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Co
Voting Board Members
16
Independent Board Members
15
Employees
18
Volunteers
100

Preparer

Firm
Becker Business Services Inc
Address
210 S Galena St Ste 25, Aspen, CO 81611
Preparer
Robin Ferguson Kelly
Phone
9709201394
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Support received by a related tax exempt non profit organization described in schedule r--tenth mountain endowment fund inc., a 501c3 organization with a taxpayer identification number of 84-1210074.

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