Mat-su 2024 Arctic Winter Games Hos

Nonprofit profile at a glance

EIN
870870448
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
Palmer, AK, USA
Phone
9077454294
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Amateur Sports Competitions

Official website

Reported finances

Revenue
$1,984,679
Expenses
$2,510,420
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Highest reported compensation

  • ANJANETTE STEER (DIRECTOR): $30,600 total reported compensation
  • HOLLY ODEGARD (DIRECTOR): $20,692 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 mat-su arctic winter games are coming to Alaska the mat-su arctic winter games host society was formed after the bid was awarded by the arctic winter games international committee to host the games in the region. The mat-su 2024 arctic winter games will unite and celebrate our community while connecting us to our northern neighbors. Our mission is to share the spirit and beauty of the mat-su by hosting a world-class event that promotes healthy recreational activities and empowers future leaders through sport and culture. Our values are rooted in our call to action rising strong after several challenging years, we look forward to gathering as a community and celebrating our values which include; resilience, inclusivity, strength, and excellence. Rise with us

What it reported doing in 2024

To provide a safe and effective environment for the conduct of the 2024 arctic winter games to be held in the matanuska susitna valley. Provide for the housing, transportation, and feeding of participants as well as establishing and maintaining the required venues for the sporting events.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 10
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.8%; rating input score 99
  • Program expense ratio: 84.9%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: Pass

Sustainability

  • Operating margin: -26.5%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 2%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 71.6% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 29.8% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: -29.2% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 98.8% of revenue deployed · 84.9% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.1M in reported program spending
  • Leadership: top reported pay $31K · 14 people listed
  • Highest-paid contractors: 1 contractor listed · $255K reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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.

  • High — Sustainability: Operating margin scored 7/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.