Traverse City Curling Club Inc
Nonprofit profile at a glance
- EIN
- 471198276
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-EZ 2019, Form 990-T 2024
- Location
- Traverse City, MI, USA
- Phone
- 2314127748
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Amateur Sports
Reported finances
- Revenue
- $255,366
- Expenses
- $559,909
- Assets
- $6,708,178
- Liabilities
- $5,005,380
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- SCOTT ALMQUIST (PRESIDENT)
- KEVIN QUERY (VICE PRESIDENT)
- KATHARINE STERKEN (EXECUTIVE DIRECTOR)
Highest reported compensation
- KATHARINE STERKEN (EXECUTIVE DIRECTOR): $93,300 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 mission of the traverse city curling club is to promote local, regional, national, and international competition in the sport of curling and to own and/or provide grounds, buildings, equipment, and facilities for this use, and to educate the community about the sport of curling. Building a strong community through the sport of curling.
What it reported doing in 2024
The club provided an introduction to the sport of curling to the community and continues promoting the sport and league play. We welcomed the public in to learn how to curl by hosting over 120 group rentals that were celebrations and gatherings of families, coworkers, and friends. We offered over 30 beginning and advanced curling classes where people tried something new and held over 45 junior classes that welcomed over 100 kids in our community. We put on 3 local tournaments and 1 regional tournament that brought in teams from around the midwest and canada. Hosted a six-day national championship event in partnership with USA curling. We drew over 1,000 spectators and live streaming, with live commentary, that drew an international audience, and had robust media coverage that brought positive attention to traverse city. We held 160 league nights for club members in the fall, winter, and spring seasons. We had 88 volunteers contributing their time as instructors, coaches, assistants, ice team technicians, and event and operations support. Nearly all of our volunteers showed up for multiple 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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 64.4%; rating input score 64
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- 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: Fail
Sustainability
- Operating margin: -119.3%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 11.98; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.75; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 16.7%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 26.5% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 22% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 30.6% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 64.4% of spending went to programs
- Governance: 9 of 9 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $361K in reported program spending
- Leadership: top reported pay $93K · 10 people listed
- Highest-paid contractors: 1 contractor listed · $1.2M reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 filed related-organization links
- 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.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- High — Sustainability: Officer compensation ratio scored 22/100.