Saddleback Mountain Foundation
Nonprofit profile at a glance
- EIN
- 820691811
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Cumberland Foreside, ME, USA
- Phone
- 2077479998
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Parks and Playgrounds
Reported finances
- Revenue
- $7
- Expenses
- $2,907
- Assets
- $25,440
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Wolfe Tone (President)
People named in this filing
- Wolfe Tone (President)
- Carol Millhouse (Secretary/Treasurer)
- John Wasileski (Director)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of Saddleback Mountain Foundation is 1) Conserving and protecting Saddleback Mountain in Sandy River Plantation, Franklin County, Maine, an otherwise economically depressed area, through model conservation and economic development programs; 2) Relieving and/or protecting against further community deterioration that the Sandy River Plantation and surrounding areas have experienced related to the closure of Saddleback Mountain; 3) Investing, lending, donating, granting, participating in, or otherwise contributing to partnerships, joint ventures, corporations, other business entities, nonprofits, governments, or quasi-governmental organizations to facilitate re-opening, and therafter the continued operation of Saddleback Mountain; and 4) Developing and/or otherwise contributing to ski programs primarily for the advancement of participation in the sport by youth and/or low to moderate income individuals.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 90
- Accountability: 76
- Sustainability: 33
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 45.1%; rating input score 45
- 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: 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: -41,428.6%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 8.75; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -17.8% per year; rating input score 0; 19th percentile among comparable filings
- Revenue growth: -19.8% per year; rating input score 0; 20th percentile among comparable filings
- Asset growth: -7.6% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 45.1% of spending went to programs
- Governance: 3 of 3 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 12 of 12 current checks pass
- Schedules: 2 filed schedules
- Filing history: 9 filing years from 2016 to 2024
- 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.
- Moderate — Financial Efficiency: Program expense ratio scored 45/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.