Civic Intelligence

Cooper Hill Ski Area Inc

990 • Fiscal year 2022 • EIN 84-0373984

Jun 01, 2021 to May 31, 2022 • Filed on Mar 10, 2023

Organization Profilewww.skicooper.com

View Organization Page

PO Box 896Leadville, CO 80461

(719) 486-2277

Siviq Scores

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

Liabilities / Assets

39th percentile

0.04x

Higher debt load relative to assets than 39% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

34th percentile

0.05x

Higher debt load relative to revenue than 34% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Net Margin

63rd percentile

15%

Higher net margin than 63% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$184,742

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2022

Asset Growth

79th percentile

17%

Faster asset growth than 79% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

3.1%

Faster revenue growth than 48% of similar nonprofits.

2022 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$7,003,868

Up $995,169 (+17%) from 2021

Net Assets

Up

$6,709,160

Up $894,198 (+15%) from 2021

Liabilities

Up

$294,708

Up $100,971 (+52%) from 2021

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin63rd percentile

Revenue

Up

$5,855,683

Up $174,227 (+3.1%) from 2021

Expenses

Up

$4,961,485

Up $881,114 (+22%) from 2021

Net Income

Down

$894,198

Down $706,887 (-44%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$15M$10M$5.0M$0Assets 2011: $1,500,507Liabilities 2011: $83,803Net Assets 2011: $1,416,7042011Assets 2012: $949,506Liabilities 2012: $10,926Net Assets 2012: $938,5802012Assets 2013: $938,913Liabilities 2013: $19,503Net Assets 2013: $919,4102013Assets 2014: $794,757Liabilities 2014: $32,913Net Assets 2014: $761,8442014Assets 2015: $969,163Liabilities 2015: $27,418Net Assets 2015: $941,7452015Assets 2016: $1,308,538Liabilities 2016: $21,559Net Assets 2016: $1,286,9792016Assets 2017: $1,775,268Liabilities 2017: $62,389Net Assets 2017: $1,712,8792017Assets 2018: $2,471,002Liabilities 2018: $39,440Net Assets 2018: $2,431,5622018Assets 2019: $3,337,368Liabilities 2019: $47,646Net Assets 2019: $3,289,7222019Assets 2020: $1,676,653Liabilities 2020: $59,297Net Assets 2020: $1,617,3562020Assets 2021: $6,008,699Liabilities 2021: $193,737Net Assets 2021: $5,814,9622021Assets 2022: $7,003,868Liabilities 2022: $294,708Net Assets 2022: $6,709,1602022Assets 2023: $8,023,731Liabilities 2023: $325,689Net Assets 2023: $7,698,0422023Assets 2024: $9,449,663Liabilities 2024: $604,597Net Assets 2024: $8,845,0662024Assets 2025: $10,486,045Liabilities 2025: $570,454Net Assets 2025: $9,915,5912025

Highlighted filing

2022

Assets$7,003,868
Liabilities$294,708
Net Assets$6,709,160
Open 2022 Filing

Operations Trend

Revenue Growth48th percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $2,087,604Expenses 2011: $1,973,711Net Income 2011: $113,8932011Revenue 2012: $1,675,866Expenses 2012: $2,153,990Net Income 2012: -$478,1242012Revenue 2013: $1,971,993Expenses 2013: $1,991,163Net Income 2013: -$19,1702013Revenue 2014: $2,214,224Expenses 2014: $2,371,790Net Income 2014: -$157,5662014Revenue 2015: $2,426,611Expenses 2015: $2,246,710Net Income 2015: $179,9012015Revenue 2016: $3,191,851Expenses 2016: $2,846,617Net Income 2016: $345,2342016Revenue 2017: $3,584,449Expenses 2017: $3,158,549Net Income 2017: $425,9002017Revenue 2018: $3,873,799Expenses 2018: $3,155,116Net Income 2018: $718,6832018Revenue 2019: $4,588,366Expenses 2019: $3,730,206Net Income 2019: $858,1602019Revenue 2020: $3,975,277Expenses 2020: $5,647,643Net Income 2020: -$1,672,3662020Revenue 2021: $5,681,456Expenses 2021: $4,080,371Net Income 2021: $1,601,0852021Revenue 2022: $5,855,683Expenses 2022: $4,961,485Net Income 2022: $894,1982022Revenue 2023: $6,513,108Expenses 2023: $5,524,226Net Income 2023: $988,8822023Revenue 2024: $6,765,172Expenses 2024: $5,644,979Net Income 2024: $1,120,1932024Revenue 2025: $7,148,641Expenses 2025: $6,078,116Net Income 2025: $1,070,5252025

Highlighted filing

2022

Revenue$5,855,683
Expenses$4,961,485
Net Income$894,198
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Mar 10, 2023
Return Version
2021v4.2
Gross Receipts
$6,165,308
Mission and Program Overview

Mission

Recreational ski area operations

Recreational ski area operationsSnowcat skiing operations

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,549,432$3,417,525▲ $868,093
Savings and Temporary Cash Investments$3,105,449$3,407,530▲ $302,081
Cash and Non-Interest-Bearing Accounts$240,142$75,437▼ $164,705
Prepaid Expenses and Deferred Charges$62,657$53,708▼ $8,949
Inventories for Sale or Use$48,853$46,091▼ $2,762
Accounts Receivable$2,166$3,577▲ $1,411
Total Assets$6,008,699$7,003,868▲ $995,169
Liabilities
Accounts Payable and Accrued Expenses$63,601$203,316▲ $139,715
Other Liabilities$123,456$89,642▼ $33,814
Deferred Revenue$6,680$1,750▼ $4,930
Total Liabilities$193,737$294,708▲ $100,971
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,814,962$6,709,160▲ $894,198
Total Net Assets Fund Balance$5,814,962$6,709,160▲ $894,198
Total Liabilities and Net Assets / Fund Balance$6,008,699$7,003,868▲ $995,169

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,307,117$155,272$2,462,389
Equipment$573,545$339,506$913,051
Other Land Buildings$536,863$38,029$574,892
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dan TorsellPresident and CEOFT$153,836$30,906$184,742
Tim KerriganSenior Vice President MainteFT$107,083$14,352$121,435

Board Members and Trustees

NameTitle
John ClapperChairman
Howard TritzVice Chairman
Karen SavoryVice President Base Area Ser
Bob CaseyDirector
Jerry AndrewDirector
Kenneth DonoherDirector
Ron YudnichDirector
Susan FitzgeraldDirector
Jane HarelsonSecretary
Greg TeterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,271,383
Investment Income
$1,538
Other Revenue
$582,762
Change in Net Assets
$894,198

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,852,668
Revenue Not Reported on Form 990
$1,538
Total Revenue per Audited Statements
$5,854,206
Total Revenue per Form 990
$5,852,668
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,072,699
Other Expenses$1,888,786
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,073,793$191,271-$2,265,064
Insurance$490,482$18,708-$509,190
All Other Expenses$377,316$3,613-$380,929
Current Officers, Directors, Trustees, and Key Employees$211,647$141,098-$352,745
Payroll Taxes$201,867$24,216-$226,083
Occupancy$193,118$5,682-$198,800
Depreciation Depletion$166,863--$166,863
Other Employee Benefits$127,571$11,594-$139,165
Pension Plan Contributions$82,009$7,633-$89,642
Advertising$72,927--$72,927
Other Expenses$103,583$17,120-$17,120
Fees for Services Accounting-$9,100-$9,100
Travel$6,350--$6,350
Fees for Services Legal-$-1,823-$-1,823
Total Functional Expenses$4,533,273$428,212$0$4,961,485

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,973,379
Total Expenses per Audited Statements$4,973,379
Total Expenses per Form 990$4,973,379
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Fundraising Gross Income$-9,537
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Anthony S TorsellSon of PresidentEmployeeYes$85,387
Patrick TorsellSon of PresidentEmployeeYes$74,625
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Profit Sharing Plan Payable$89,642
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“There is a family relationship as Patrick Torsell and Tony Torsell, are the sons of the President, Dan Torsell.”

Member election for additional members Part VI line 7A

“New board members are elected by existing board members.”

Governing body decisions Part VI line 7B

“Indebtedness of capital expenditures not provided for in the annual budget of the Ski Area are subject to approval by the Representative of the Lake County Board of Commissioners.”

Form 990 governing body review Part VI line 11

“A draft copy of the Form 990 is distributed to management and to the entire board of directors prior to filing of the return. The return is discussed with the Executive Director, board members and preparing accountant prior to the filing of the return.”

CEO executive director top management comp Part VI line 15A

“National Ski Area Association (NSAA) salary review performed with Presidents salary approved by the entire Board of Directors based on performance.”

Other officer or key employee compensation Part VI line 15B

“Salaries for other officers and key employees set by the President with the Board approving the overall company wide percentage of wage increase. The National Ski Area Association (NSAA) salary review is utilized to compare for reasonableness related to other ski areas.”

Governing documents etc available to public Part VI line 19

“A copy of the Bylaws, the audited or reviewed Financial Statements, and Form 990s are available to the public at the Lake County Courthouse and Cooper Hill Business Office during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Cooper Hill Ski Area Inc
EIN
84-0373984
Address
PO BOX 896, Leadville, CO 80461
Doing Business As
Ski Cooper

Signing Officer

Name
Dan Torsell
Title
President
Phone
7194862277
Signed
2023-03-10
Discuss with paid preparer
Yes

Organization Details

Formed
1943
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
315
Volunteers
11

Preparer

Firm
Lathrop & Associates CPA
Address
105 Edwards Village Blvd C-210, Edwards, CO 81632-2098
Preparer
Mark Lathrop
Phone
9703162758
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President and CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
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IRS990/InventoriesForSaleOrUseGrp/BOYAmt048853
IRS990/InventoriesForSaleOrUseGrp/EOYAmt046091
IRS990/InvestmentIncomeGrp/ExclusionAmt01538
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01538
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0532807
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02549432
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03417525
IRS990/LandBldgEquipCostOrOtherBssAmt03950332
IRS990/LegalDomicileStateCd0CO
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Recreational ski area operationsSnowcat skiing operations
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt05814962
IRS990/NetAssetsOrFundBalancesEOYAmt06709160
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-9537
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-9537
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0591054
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0591054
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05814962
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06709160
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt05682
IRS990/OccupancyGrp/ProgramServicesAmt0193118
IRS990/OccupancyGrp/TotalAmt0198800
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011594
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0127571
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0139165
IRS990/OtherExpensesGrp/Desc0Credit Card and bank Fees
IRS990/OtherExpensesGrp/Desc1Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc2Forest Service Fees
IRS990/OtherExpensesGrp/Desc3Donations
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017120
IRS990/OtherExpensesGrp/ProgramServicesAmt0162007
IRS990/OtherExpensesGrp/ProgramServicesAmt1263740
IRS990/OtherExpensesGrp/ProgramServicesAmt2103583
IRS990/OtherExpensesGrp/TotalAmt0162007
IRS990/OtherExpensesGrp/TotalAmt1263740
IRS990/OtherExpensesGrp/TotalAmt2103583
IRS990/OtherExpensesGrp/TotalAmt317120
IRS990/OtherLiabilitiesGrp/BOYAmt0123456
IRS990/OtherLiabilitiesGrp/EOYAmt089642
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01245
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01245
IRS990/OtherRevenueTotalAmt01245
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0191271
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02073793
IRS990/OtherSalariesAndWagesGrp/TotalAmt02265064
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024216
IRS990/PayrollTaxesGrp/ProgramServicesAmt0201867
IRS990/PayrollTaxesGrp/TotalAmt0226083
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07633
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt082009
IRS990/PensionPlanContributionsGrp/TotalAmt089642
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt062657
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt053708
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0Lift Tickets Ski Ops
IRS990/ProgramServiceRevenueGrp/Desc1Ski School
IRS990/ProgramServiceRevenueGrp/Desc2Ski Rentals
IRS990/ProgramServiceRevenueGrp/Desc3Races
IRS990/ProgramServiceRevenueGrp/Desc4Nordic
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04027141
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1418261
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2773244
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33946
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt425899
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04027141
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1418261
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2773244
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33946
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt425899
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0673
IRS990/PYOtherExpensesAmt01670172
IRS990/PYOtherRevenueAmt0479014
IRS990/PYProgramServiceRevenueAmt05201769
IRS990/PYRevenuesLessExpensesAmt01601085
IRS990/PYSalariesCompEmpBnftPaidAmt02410199
IRS990/PYTotalExpensesAmt04080371
IRS990/PYTotalRevenueAmt05681456
IRS990/QuidProQuoContributionsInd0false
IRS990/ReconcilationRevenueExpnssAmt0894198
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05863744
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03105449
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03407530
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02307117
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0155272
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02462389
IRS990ScheduleD/EquipmentGrp/BookValueAmt0573545
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0339506
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0913051
IRS990ScheduleD/ExpensesSubtotalAmt04973379
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01538
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0536863
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038029
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0574892
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt089642
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Profit Sharing Plan Payable
IRS990ScheduleD/RevenueNotReportedAmt01538
IRS990ScheduleD/RevenueSubtotalAmt05852668
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03417525
IRS990ScheduleD/TotalExpensesPerForm990Amt04973379
IRS990ScheduleD/TotalLiabilityAmt089642
IRS990ScheduleD/TotalRevenuePerForm990Amt05852668
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05854206
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04973379
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0true
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0153836
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount09818
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt021088
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Dan Torsell
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President and CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0184742
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Anthony S Torsell
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Patrick Torsell
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Son of President
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Son of President
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0true
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1true
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt085387
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt174625
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Employee
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Employee
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There is a family relationship as Patrick Torsell and Tony Torsell, are the sons of the President, Dan Torsell.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1New board members are elected by existing board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Indebtedness of capital expenditures not provided for in the annual budget of the Ski Area are subject to approval by the Representative of the Lake County Board of Commissioners.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A draft copy of the Form 990 is distributed to management and to the entire board of directors prior to filing of the return. The return is discussed with the Executive Director, board members and preparing accountant prior to the filing of the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4National Ski Area Association (NSAA) salary review performed with Presidents salary approved by the entire Board of Directors based on performance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Salaries for other officers and key employees set by the President with the Board approving the overall company wide percentage of wage increase. The National Ski Area Association (NSAA) salary review is utilized to compare for reasonableness related to other ski areas.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6A copy of the Bylaws, the audited or reviewed Financial Statements, and Form 990s are available to the public at the Lake County Courthouse and Cooper Hill Business Office during normal business hours.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Lake County Government
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0846000777
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Government
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0505 Harrison Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Leadville
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd080461
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,003,868
Liabilities
$294,708
Net assets
$6,709,160
Revenue
$5,855,683
Expenses
$4,961,485
Net income
$894,198
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.5$0.57$9.92$7.15$6.08$1.07
2024Detailed filing. Detailed filing data is available for this year.$9.45$0.60$8.85$6.77$5.64$1.12
2023Detailed filing. Detailed filing data is available for this year.$8.02$0.33$7.70$6.51$5.52$0.99
2022Detailed filing. Detailed filing data is available for this year.$7.00$0.29$6.71$5.86$4.96$0.89
2021Detailed filing. Detailed filing data is available for this year.$6.01$0.19$5.81$5.68$4.08$1.60
2020Detailed filing. Detailed filing data is available for this year.$1.68$0.06$1.62$3.98$5.65$1.67
2019Detailed filing. Detailed filing data is available for this year.$3.34$0.05$3.29$4.59$3.73$0.86
2018Detailed filing. Detailed filing data is available for this year.$2.47$0.04$2.43$3.87$3.16$0.72
2017Detailed filing. Detailed filing data is available for this year.$1.78$0.06$1.71$3.58$3.16$0.43
2016Detailed filing. Detailed filing data is available for this year.$1.31$0.02$1.29$3.19$2.85$0.35
2015Detailed filing. Detailed filing data is available for this year.$0.97$0.03$0.94$2.43$2.25$0.18
2014Summary only. Only limited summary data is available for this year.$0.79$0.03$0.76$2.21$2.37$0.16
2013Summary only. Only limited summary data is available for this year.$0.94$0.02$0.92$1.97$1.99$0.02
2012Summary only. Only limited summary data is available for this year.$0.95$0.01$0.94$1.68$2.15$0.48
2011Summary only. Only limited summary data is available for this year.$1.50$0.08$1.42$2.09$1.97$0.11