Vasa Ski Club
Nonprofit profile at a glance
- EIN
- 274266168
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2018
- Location
- Traverse City, MI, USA
- Phone
- 2313921728
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Amateur Sports
Reported finances
- Revenue
- $70,207
- Expenses
- $79,632
- Assets
- $65,900
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Mike Stemo (Interm President)
People named in this filing
- Eric Jean (Board Member)
- Jordyn Ross (Treasurer/Assistant Ski Coach)
- Sam Holmes (Director, Skier Development, Assistant Ski Coach)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of Vasa Ski Club is to promote access and enjoyment of Nordic skiing through instruction, recreation, and community.
What it reported doing in 2024
Youth Nordic skier development programs serving 200 elementary and middle school aged children. Instruction provided for beginner through intermediate level skills. Most of this cost is covered by the school district. We only provide coaching and some equipment.
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 93% 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
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 39
- Transparency & Controls: 82
- Sustainability: 34
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 40.6%; rating input score 41
- Program expense ratio: 35.8%; rating input score 36
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -13.4%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.83; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 34.5%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: -2.4% per year; rating input score 0; 41st percentile among comparable filings
- Revenue growth: 6.7% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 10.4% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: 40.6% of revenue deployed · 35.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $28K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- 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: Mission deployment rate scored 41/100.
- Moderate — Financial Efficiency: Program expense ratio scored 36/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 28/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Sustainability: Officer compensation ratio scored 5/100.