Steamboat Bike Town USA Initiative

Nonprofit profile at a glance

EIN
453092486
IRS 990-EZ coverage
2017–2019
Forms available
Form 990-EZ 2019, Form 990-N 2016
Location
Steamboat Springs, CO, USA
Phone
9709892689
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Parks and Playgrounds

Reported finances

Revenue
$9,535
Expenses
$22,669
Assets
$5,322
Liabilities
$941

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Chris Sias (President)

People named in this filing

  • Chris Sias (President)
  • David Scully (Director)
  • David High (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-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Steamboat Springs Bike Town USA Initiatives mission is to stimulate economic growth through cycling, engage the community locals and visitors in cycling culture, and promote safe cycling. Our vision is of Steamboat Springs as a must-ride cycling destination.

What it reported doing in 2019

Stimulated economic growth through cycling, engaged the community in cycling culture, and promoted safe cycling. A variety of tactics were executed, including directed and focused social media presence, update and redesign of the SteamboatBikeTown.com website, updated content and distribution of the annual Bike Guide, promotion of Steamboat Bike Festival, in-person, guided trail tours and story background for trail-oriented journalists, and an upgrade in Steamboats IMBA Ride Center status from bronze to silver. Content of promotional efforts centered around trail resources, events and visitor amenities in Steamboat Springs, with special emphasis on the new trails created by the 2A program.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 10
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -137.7%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 46.8%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -38.1% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -61.4% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -40.5% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $28K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2017 to 2019
  • 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.

  • Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.