Bear Valley Mountain Cooperative Inc
Nonprofit profile at a glance
- EIN
- 464818245
- IRS 990 coverage
- 2015–2018
- Forms available
- Form 990 2018
- Location
- Bear Valley, CA, USA
- Phone
- 2097532409
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Recreational l Clubs
Reported finances
- Revenue
- $17,028
- Expenses
- $16,601
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- STEVE TROYER (PRESIDENT/BOARD)
People named in this filing
- STEVE TROYER (PRESIDENT/BOARD)
- KIMI JOHNSON (TREASURER/BOARD)
- PAUL PETERSEN (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The co-op was formed by members of the bear valley community in february 2014, for the purpose of concluding a potential purchase of certain assets of the bear valley mountain resort including the ski area assets and approximately 14 acres of real estate in bear valley village (such assets hereinafter referred to as the "listed assets" and such purchase hereinafter referred to as "the acquisition"). Since the formation of the co-op, another purchaser, skyline investments ("skyline") entered into a binding agreement to conclude the acquisition in its own right.the co-op has two goals: (1) to make money that will be available for reinvestment in the ski area and other outdoor recreational facilities; and (2) to promote the development of bear valley village as an attractive destination for members of the community seeking to engage in outdoor recreation activities available in the area. The long-term objective of the co-op is to promote the communit's access to winter and summer outdoor
What it reported doing in 2018
The co-op worked to preserve the unique characteristics of bear valley mountain through community leadership and investment during the current year primarily by continuing to establishing the organization, issuing member shares and beginning operations in the furtherance of the organization's mission.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 90
- Accountability: 76
- Sustainability: 36
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.6%; rating input score 94
- Program expense ratio: 96%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 2.5%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: 120% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 43.7% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: -41.4% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 93.6% of revenue deployed · 96% of spending went to programs
- Governance: 6 of 6 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $16K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 13 of 13 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2015 to 2018
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.