Peak Innovations

Nonprofit profile at a glance

EIN
991571329
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025
Location
Bozeman, MT, USA
Phone
4069249799
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Recreation& Sports N.E.C.

Official website

Reported finances

Revenue
$142,439
Expenses
$148,460
Assets
$179,194
Liabilities
$4

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • NADAV OAKES (FOUNDER/BOARD MEMBER)
  • LINDSAY FIXMER (BOARD MEMBER)
  • NICK WOODWARD (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-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Peak innovations is a 501(c)(3) nonprofit organization dedicated to improving mountain experiences by rethinking the fundamentals of gear, guiding, education, and research making mountain travel safer and more accessible.

What it reported doing in 2025

Peak innovations operates as a single integrated program - mountain safety education & innovation through which all activities are delivered under a unified operational structure by the same personnel and resources. The program encompasses guiding, education, professional rescue training, online learning, and research, all in service of the organization's core mission. Rather than siloed departments, these activity areas are deeply interconnected and mutually reinforcing. We provided online educational content reached over 10,000 views across video platforms, niche technical equipment developed through the gear lab program distributed several hundred units and in-person programs delivered intensive, high-quality instruction with particular emphasis on professional rescue organizations whose training multiplies safety impact across the broader community. Peak innovations delivered the following interconnected activities in 2025: guided expeditions & outings - professional mountain guiding services including running a course in squamish, bc, an Alaska expedition, and guided outings throughout Montana. Programs were offered at subsidized rates with flexible payment options to reduce financial barriers to participation. Rescue & safety education - subsidized self-rescue courses for the general public, as well as technical safety training to ensure peak innovations programs meet the highest standards of instructional quality and participant safety. Professional rescue training - technical rescue training courses provided to search and rescue teams and military rescue units, covering mountain rescue techniques, self-rescue skills, and technical terrain operations. Training professional rescuers creates a force-multiplier effect for mountain safety whose downstream impact extends well beyond direct participants. E-learning & online education - development and launch of an online e-course covering mountain skills and safety, offered free to the public in 2025 and transitioning to a sliding-scale fee model in 2026. A new organizational website was built to support program delivery and expand the reach of public education content. Online video content across platforms reached over 10,000 views. Research & gear innovation - independent safety research and field testing projects aimed at challenging industry assumptions and improving mountain travel practices. The gear lab program - developed and distributed niche technical equipment - innovations the broader outdoor industry has overlooked with several hundred units distributed in 2025. Peak innovations serves recreational climbers, mountaineers, backcountry skiers, the general public seeking accessible mountain safety education, professional search and rescue teams, military rescue units, guide organizations, and the broader outdoor community. A particular focus is placed on participants who face financial or geographic barriers to high-quality mountain instruction.all activities advance peak innovations' mission of making mountain travel safer and more accessible. Subsidized guiding and education removes cost barriers. Online content expands geographic reach. Professional rescue training multiplies safety impact through the organizations and personnel trained. Independent research and gear innovation address gaps the commercial industry has not prioritized. Together these interconnected activities form a coherent, mission-driven program that improves safety outcomes across the mountain community at large.

Operating model

Revenue model
Donor-supported. 70% of the money available for current operations came from contributions and gifts.
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. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 100
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.8%; rating input score 88
  • Program expense ratio: 84.3%; rating input score 84

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -4.2%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 1.21; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 58.7%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 13.9% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 199% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 87.8% of revenue deployed · 84.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $125K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 21/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.