Franklin Ski & Outing Club Inc
Nonprofit profile at a glance
- EIN
- 010219222
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- West Farmington, ME, USA
- Phone
- 2077789031
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Winter Sports
Reported finances
- Revenue
- $216,183
- Expenses
- $369,982
- Assets
- $248,889
- Liabilities
- $3,795
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- MATT SWAN (PRESIDENT)
Highest reported compensation
- TIM NORTON (CO-MGR OF OP): $46,710 total reported compensation
- ANGELA NORTON (CO-MANAGER O): $30,118 total reported compensation
- BARRETT M EVANS (CO-MANAGER O): $16,756 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission statement of the club shall be to provide opportunities for instruction, coaching, training, and enjoyment for alpine skiing, snowboarding, nordic skiing, and other recreational activities undertaken at the titcomb mountain recreational area that is owned and operated by franklin ski and outing club, inc.
What it reported doing in 2024
The farmington ski club (fsc) had over 1000 members during the year and had almost 4,000 visitors to the mountain that purchased day tickets for skiing, snowboarding, and other recreational activities. Fsc also offers ski programs, which are run by fsc members, community volunteers, and paid employees. The saturday ski and board program, the bill koch nordic ski program, and the nana webber ski, private lessons, and snowboard program provided lessons to hundreds of students.
Operating model
- Revenue model
- Earned-program. 67% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 93
- Transparency & Controls: 90
- Accountability: 79
- Sustainability: 17
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.7%; rating input score 99
- Fundraising efficiency: $10.79 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -71.1%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.67; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 25.3%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 1.7% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: -14.5% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -1.7% per year; rating input score 0; 19th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98.7% of spending went to programs
- Governance: 16 of 16 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $365K in reported program spending
- Leadership: top reported pay $47K · 19 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 41/100.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.