Snowsports Industries America Inc
Snowsports Industries America Inc. faces significant financial challenges with sustained operating deficits and declining assets.
EIN: 131935655 · Park City, UT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $2.3M |
| Program Spending | 70% |
| Net Assets | $9.8M |
| Transparency Score | 45/100 |
Is Snowsports Industries America Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Snowsports Industries America Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Snowsports Industries America Inc
Snowsports Industries America Inc (EIN: 131935655) is a nonprofit organization based in Park City, UT. The organization reported total revenue of $3.7M and total assets of $10.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Snowsports Industries America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Snowsports Industries America Inc is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -18.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $495K |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-1,852,316 |
| Total Assets | $10.1M |
| Total Liabilities | $303K |
| Net Assets | $9.8M |
| Operating Margin | -374.0% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 51.7 months |
Financial Health Grade: B
In 2023, Snowsports Industries America Inc reported a deficit of $1.9M with expenses exceeding revenue, holds 51.7 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Snowsports Industries America Inc's revenue has declined at a compound annual growth rate (CAGR) of -18.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +70.1% | -33.9% | -12.1% |
| 2022 | -76.7% | +7.6% | -41.0% |
| 2021 | -54.2% | -1.9% | -8.5% |
| 2020 | +191.8% | +10.5% | -6.6% |
| 2019 | -65.7% | -20.3% | -9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
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 Snowsports Industries America Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Snowsports Industries America Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, which is a strong positive for transparency and efficient use of funds in this specific area, especially given the organization's declining financial health.
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 Snowsports Industries America Inc's IRS 990 filings:
- Sustained and significant operating deficits (e.g., 2023: $495,241 revenue vs. $2,347,557 expenses).
- Dramatic decline in total assets over time (from $26.7M in 2017 to $10.1M in 2023).
- Sharp and sustained decrease in revenue since 2017 (from $22.1M to under $500K in recent years).
Strengths
The following positive indicators were identified for Snowsports Industries America Inc:
- Consistent reporting of 0% officer compensation, indicating no executive pay from the organization.
- Maintains a substantial asset base ($10.1M in 2023) despite significant drawdowns, providing some financial cushion.
Frequently Asked Questions about Snowsports Industries America Inc
Is Snowsports Industries America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Snowsports Industries America Inc (EIN: 131935655) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Snowsports Industries America Inc spend its money?
Snowsports Industries America Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Snowsports Industries America Inc tax-deductible?
Snowsports Industries America Inc is registered as a tax-exempt nonprofit (EIN: 131935655). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Snowsports Industries America Inc's spending goes to programs?
Snowsports Industries America Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Snowsports Industries America Inc located?
Snowsports Industries America Inc is headquartered in Park City, Utah and files with the IRS under EIN 131935655.
How many years of IRS 990 filings does Snowsports Industries America Inc have?
Snowsports Industries America Inc has 13 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 $3.7M in total revenue.
How does Snowsports Industries America Inc. sustain operations with such large and consistent revenue shortfalls?
The organization appears to be sustaining operations by drawing down its assets. Its assets have decreased from $26,722,683 in 2017 to $10,113,786 in 2023, while expenses have consistently outpaced revenue by millions of dollars annually.
What caused the dramatic drop in revenue from $22,109,500 in 2017 to under $500,000 in recent years?
The provided data does not specify the exact cause, but such a drastic and sustained decline in revenue suggests a significant change in funding streams, program offerings, or market conditions affecting the organization's ability to generate income.
Is the organization's current spending level sustainable given its recent revenue trends?
No, the current spending level is not sustainable. With expenses consistently in the multi-million dollar range and revenue often below $1 million, the organization is operating at a significant deficit, leading to continuous asset depletion.
Filing History
IRS 990 filing history for Snowsports Industries America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Snowsports Industries America Inc's revenue has declined by 91.5%, moving from $5.8M to $495K. Total assets increased by 30.1% over the same period, from $7.8M to $10.1M. Total functional expenses fell by 53.5%, from $5.0M to $2.3M. In its most recent filing year (2023), Snowsports Industries America Inc reported a deficit of $1.9M, with expenses exceeding revenue. The organization holds $303K in liabilities against $10.1M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $9.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $495K | $2.3M | $10.1M | $303K | — | View 990 |
| 2022 | $291K | $3.6M | $11.5M | $344K | — | View 990 |
| 2021 | $1.2M | $3.3M | $19.5M | $792K | — | — |
| 2020 | $2.7M | $3.4M | $21.3M | $407K | — | — |
| 2019 | $935K | $3.0M | $22.8M | $500K | — | View 990 |
| 2018 | $2.7M | $3.8M | $25.1M | $715K | — | View 990 |
| 2017 | $22.1M | $5.6M | $26.7M | $1.2M | — | View 990 |
| 2016 | $6.3M | $7.2M | $10.9M | $1.9M | — | View 990 |
| 2015 | $6.7M | $6.3M | $8.8M | $1.7M | — | View 990 |
| 2014 | $5.9M | $6.1M | $8.5M | $1.3M | — | View 990 |
| 2013 | $6.2M | $6.2M | $8.4M | $1.5M | — | View 990 |
| 2012 | $5.7M | $5.4M | $7.9M | $1.7M | — | View 990 |
| 2011 | $5.8M | $5.0M | $7.8M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $495K, expenses of $2.3M, and assets of $10.1M (revenue +70.1% year-over-year).
- 2022: Revenue of $291K, expenses of $3.6M, and assets of $11.5M (revenue -76.7% year-over-year).
- 2021: Revenue of $1.2M, expenses of $3.3M, and assets of $19.5M (revenue -54.2% year-over-year).
- 2020: Revenue of $2.7M, expenses of $3.4M, and assets of $21.3M (revenue +191.8% year-over-year).
- 2019: Revenue of $935K, expenses of $3.0M, and assets of $22.8M (revenue -65.7% year-over-year).
- 2018: Revenue of $2.7M, expenses of $3.8M, and assets of $25.1M (revenue -87.7% year-over-year).
- 2017: Revenue of $22.1M, expenses of $5.6M, and assets of $26.7M (revenue +253.5% year-over-year).
- 2016: Revenue of $6.3M, expenses of $7.2M, and assets of $10.9M (revenue -6.4% year-over-year).
- 2015: Revenue of $6.7M, expenses of $6.3M, and assets of $8.8M (revenue +12.7% year-over-year).
- 2014: Revenue of $5.9M, expenses of $6.1M, and assets of $8.5M (revenue -4.4% year-over-year).
- 2013: Revenue of $6.2M, expenses of $6.2M, and assets of $8.4M (revenue +8.6% year-over-year).
- 2012: Revenue of $5.7M, expenses of $5.4M, and assets of $7.9M (revenue -1.4% year-over-year).
- 2011: Revenue of $5.8M, expenses of $5.0M, and assets of $7.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Snowsports Industries America Inc:
Data Sources and Methodology
This transparency report for Snowsports Industries America 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.