Miramar Ski Club Inc
Miramar Ski Club Inc. consistently operates with volunteer leadership and stable assets, frequently incurring expenses exceeding annual revenue.
EIN: 131973993 · Waitsfield, VT · NTEE: N68Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $348K |
| Total Expenses | $242K |
| Program Spending | 85% |
| Net Assets | $201K |
| Transparency Score | 80/100 |
Is Miramar Ski Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Miramar Ski Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Miramar Ski Club Inc
Miramar Ski Club Inc (EIN: 131973993) is a nonprofit organization based in Waitsfield, VT, classified under NTEE code N68Z. The organization reported total revenue of $348K and total assets of $242K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Miramar Ski Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Miramar Ski Club Inc is a small nonprofit that has been operating for 63 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $199K |
| Total Expenses | $242K |
| Surplus / Deficit | $-42,967 |
| Total Assets | $201K |
| Total Liabilities | $796 |
| Net Assets | $201K |
| Operating Margin | -21.6% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 10.0 months |
Financial Health Grade: B
In 2022, Miramar Ski Club Inc reported a deficit of $43K with expenses exceeding revenue, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Miramar Ski Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +140.4% | +215.2% | -17.5% |
| 2021 | -64.3% | -65.3% | -3.0% |
| 2020 | -14.6% | -16.8% | +8.2% |
| 2019 | -10.9% | -9.7% | +14.8% |
| 2018 | +15.6% | +10.8% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1963 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Miramar Ski Club Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Miramar Ski Club Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Miramar Ski Club Inc's IRS 990 filings:
- Frequent annual expenses exceeding revenue, potentially drawing down reserves if not balanced by other income sources.
Strengths
The following positive indicators were identified for Miramar Ski Club Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and high efficiency potential.
- Stable asset base over a decade, suggesting financial resilience.
- Very low liabilities, indicating minimal debt and strong financial health.
- Clear mission alignment with NTEE code and organization name.
Frequently Asked Questions about Miramar Ski Club Inc
Is Miramar Ski Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Miramar Ski Club Inc (EIN: 131973993) some concerns. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.
How does Miramar Ski Club Inc spend its money?
Miramar Ski Club Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Miramar Ski Club Inc tax-deductible?
Miramar Ski Club Inc is registered as a tax-exempt nonprofit (EIN: 131973993). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Miramar Ski Club Inc's spending goes to programs?
Miramar Ski Club Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Miramar Ski Club Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Miramar Ski Club Inc is above average for NTEE category N68Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Miramar Ski Club Inc located?
Miramar Ski Club Inc is headquartered in Waitsfield, Vermont and files with the IRS under EIN 131973993. It is classified under NTEE code N68Z.
How many years of IRS 990 filings does Miramar Ski Club Inc have?
Miramar Ski Club Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $348K in total revenue.
Is Miramar Ski Club Inc. financially sustainable given its frequent operating deficits?
While Miramar Ski Club Inc. frequently reports expenses exceeding revenue (e.g., 202205: $241,501 expenses vs. $198,534 revenue), its assets have remained relatively stable around $200,000-$250,000. This suggests they may be drawing from reserves or have other funding mechanisms not fully captured by annual revenue figures, but consistent deficits could impact long-term sustainability if not addressed.
How does the lack of officer compensation impact the organization?
The consistent 0% officer compensation is a significant strength, indicating a volunteer-driven leadership. This allows a greater proportion of the organization's funds to be directed towards its mission-related activities rather than administrative salaries, enhancing spending efficiency.
What is the trend in the organization's assets and liabilities?
The organization's assets have remained relatively stable, generally between $200,000 and $250,000 over the past decade. Liabilities have consistently been very low, often under $10,000, indicating a healthy balance sheet with minimal debt.
Filing History
IRS 990 filing history for Miramar Ski Club Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Miramar Ski Club Inc's revenue has declined by 17.2%, moving from $240K to $199K. Total assets decreased by 26% over the same period, from $272K to $201K. Total functional expenses fell by 7.1%, from $260K to $242K. In its most recent filing year (2022), Miramar Ski Club Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $796 in liabilities against $201K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $201K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $199K | $242K | $201K | $796 | — | View 990 |
| 2021 | $83K | $77K | $244K | $630 | — | View 990 |
| 2020 | $232K | $221K | $252K | $14K | — | — |
| 2019 | $271K | $265K | $232K | $6K | — | View 990 |
| 2018 | $304K | $294K | $203K | $1K | — | View 990 |
| 2017 | $263K | $265K | $192K | $908 | — | View 990 |
| 2016 | $200K | $226K | $194K | $1K | — | View 990 |
| 2015 | $296K | $306K | $223K | $4K | — | View 990 |
| 2014 | $316K | $303K | $230K | $777 | — | View 990 |
| 2013 | $240K | $291K | $219K | $4K | — | View 990 |
| 2012 | $208K | $210K | $268K | $867 | — | View 990 |
| 2011 | $240K | $260K | $272K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $199K, expenses of $242K, and assets of $201K (revenue +140.4% year-over-year).
- 2021: Revenue of $83K, expenses of $77K, and assets of $244K (revenue -64.3% year-over-year).
- 2020: Revenue of $232K, expenses of $221K, and assets of $252K (revenue -14.6% year-over-year).
- 2019: Revenue of $271K, expenses of $265K, and assets of $232K (revenue -10.9% year-over-year).
- 2018: Revenue of $304K, expenses of $294K, and assets of $203K (revenue +15.6% year-over-year).
- 2017: Revenue of $263K, expenses of $265K, and assets of $192K (revenue +31.6% year-over-year).
- 2016: Revenue of $200K, expenses of $226K, and assets of $194K (revenue -32.5% year-over-year).
- 2015: Revenue of $296K, expenses of $306K, and assets of $223K (revenue -6.1% year-over-year).
- 2014: Revenue of $316K, expenses of $303K, and assets of $230K (revenue +31.7% year-over-year).
- 2013: Revenue of $240K, expenses of $291K, and assets of $219K (revenue +15.3% year-over-year).
- 2012: Revenue of $208K, expenses of $210K, and assets of $268K (revenue -13.4% year-over-year).
- 2011: Revenue of $240K, expenses of $260K, and assets of $272K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Miramar Ski Club Inc:
Data Sources and Methodology
This transparency report for Miramar Ski Club Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.