Steamboat Health & Recreation Assoc

What it reported doing in 2025

Old town hot springs provides more than $256,265 annually in admission scholarships and charitable donations to over 112 local nonprofit organizations and 6,538 individuals, with a focus on supporting those with physical disabilities and economic disadvantages. These benefits extend to routt county schools and associated programs, as well as community organizations that align with our mission to promote health and wellness through recreation, education, aquatics, and fitness. Old town hot springs serves the community through a wide range of inclusive amenities and programs, including six spring-fed hot soaking pools, an eight-lane lap pool, a four-lane community pool, one kiddie pool, and a comprehensive aquatic center. Additional facilities include two 225-foot water slides, a climbing wall, community room, childcare services, and massage therapy. Programming and services offered encompass swim lessons, a competive swim team, adult and youth triathlon clubs, an a competive swim team, adult and youth triathlon clubs, an adult masters program, and a broad selection of aquatics and fitness classes for all ages. The fitness center includes cardio equipment, a walking track, a weight room, and personal training services, along with youth, adult-, and senior-specific classes and programming. Old town hot springs also provides cpr certification, lifeguard training, and swim instructor training, further strengthening community safey and workforce development. With more than 100 years of service, old town hot springs continues to be a cornerstone of health-and wellness-based community support in routt county.

Financial Efficiency

• Mission deployment rate: 74.5%; rating input score 74
• Program expense ratio: 88.9%; rating input score 89
• Fundraising efficiency: $5.23 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 75th percentile among comparable filings
• 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: 8 of 8 controls in place; rating input score 100
  • 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: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 15.5%; rating input score 66; 66th percentile among comparable filings
• Total-asset coverage ratio: 4.05; rating input score 77; 77th percentile among comparable filings
• Liabilities to assets ratio: 0.32; rating input score 25; 25th percentile among comparable filings
• Officer compensation ratio: 3%; rating input score 70; 70th percentile among comparable filings

Growth

• Program expense growth: 8.2% per year; rating input score 100; 53rd percentile among comparable filings
• Revenue growth: 9.6% per year; rating input score 100; 64th percentile among comparable filings
• Asset growth: 11.9% per year; rating input score 100; 65th percentile among comparable filings