Spruce Peak Resort Association Inc
Spruce Peak Resort Association Inc. shows consistent revenue growth and increasing assets with no reported officer compensation.
EIN: 203185903 · Stowe, VT · NTEE: N68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.4M |
| Program Spending | 80% |
| Net Assets | $3.0M |
| Transparency Score | 85/100 |
Is Spruce Peak Resort Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spruce Peak Resort Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spruce Peak Resort Association Inc
Spruce Peak Resort Association Inc (EIN: 203185903) is a nonprofit organization based in Stowe, VT, classified under NTEE code N68. The organization reported total revenue of $2.3M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spruce Peak Resort Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spruce Peak Resort Association Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$306K |
| Total Assets | $3.2M |
| Total Liabilities | $253K |
| Net Assets | $3.0M |
| Operating Margin | 18.3% |
| Debt-to-Asset Ratio | 7.8% |
| Months of Reserves | 28.4 months |
Financial Health Grade: A
In 2023, Spruce Peak Resort Association Inc reported a surplus of $306K with revenue exceeding expenses, holds 28.4 months of operating reserves (strong position), has a debt-to-asset ratio of 7.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Spruce Peak Resort Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.8% | +30.6% | +6.5% |
| 2022 | +39.0% | +14.8% | +86.7% |
| 2021 | +74.7% | +25.2% | +61.1% |
| 2020 | +75.8% | -26.3% | -8.2% |
| 2019 | -36.2% | -15.0% | -18.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Spruce Peak Resort Association Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Spruce Peak Resort Association Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $306K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the IRS 990, which is a strong indicator of financial efficiency and dedication to mission.
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.
Strengths
The following positive indicators were identified for Spruce Peak Resort Association Inc:
- Consistent revenue growth, from $296,649 in 2015 to $1,671,292 in 2023.
- Strong asset growth, increasing from $1,391,643 in 2015 to $3,226,251 in 2023.
- No reported officer compensation across all filings, indicating high efficiency or volunteer leadership.
- Consistent operating surpluses in recent years (e.g., $1,671,292 revenue vs. $1,365,058 expenses in 2023).
- Low liabilities relative to assets, indicating strong financial health.
Frequently Asked Questions about Spruce Peak Resort Association Inc
Is Spruce Peak Resort Association Inc a legitimate charity?
Spruce Peak Resort Association Inc (EIN: 203185903) is a registered tax-exempt nonprofit based in Vermont. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.3M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Spruce Peak Resort Association Inc spend its money?
Spruce Peak Resort Association Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Spruce Peak Resort Association Inc tax-deductible?
Spruce Peak Resort Association Inc is registered as a tax-exempt nonprofit (EIN: 203185903). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Spruce Peak Resort Association Inc's spending goes to programs?
Spruce Peak Resort Association Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spruce Peak Resort Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Spruce Peak Resort Association Inc is above average for NTEE category N68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spruce Peak Resort Association Inc located?
Spruce Peak Resort Association Inc is headquartered in Stowe, Vermont and files with the IRS under EIN 203185903. It is classified under NTEE code N68.
How many years of IRS 990 filings does Spruce Peak Resort Association Inc have?
Spruce Peak Resort Association 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 $2.3M in total revenue.
Is Spruce Peak Resort Association Inc. financially stable?
Yes, the organization appears financially stable, with consistent revenue growth from $296,649 in 2015 to $1,671,292 in 2023, and a growing asset base from $1,391,643 in 2015 to $3,226,251 in 2023, alongside manageable liabilities.
How has the organization's revenue trended over time?
Spruce Peak Resort Association Inc. has shown a strong upward trend in revenue, increasing from $296,649 in 2015 to $1,671,292 in 2023, with a peak of $2,165,420 in 2022.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, indicating that executive leadership is not compensated through traditional officer salary structures reported on the 990.
Are the organization's assets growing?
Yes, the organization's assets have shown consistent growth, increasing from $1,391,643 in 2015 to $3,226,251 in 2023, demonstrating a healthy accumulation of resources.
Filing History
IRS 990 filing history for Spruce Peak Resort Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Spruce Peak Resort Association Inc's revenue has grown by 500.9%, moving from $278K to $1.7M. Total assets increased by 180.3% over the same period, from $1.2M to $3.2M. Total functional expenses rose by 709.7%, from $169K to $1.4M. In its most recent filing year (2023), Spruce Peak Resort Association Inc reported a surplus of $306K, with revenue exceeding expenses. The organization holds $253K in liabilities against $3.2M in assets (debt-to-asset ratio: 7.8%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.4M | $3.2M | $253K | — | — |
| 2022 | $2.2M | $1.0M | $3.0M | $362K | — | — |
| 2021 | $1.6M | $911K | $1.6M | $76K | — | View 990 |
| 2020 | $892K | $728K | $1.0M | $108K | — | View 990 |
| 2019 | $507K | $988K | $1.1M | $361K | — | View 990 |
| 2018 | $795K | $1.2M | $1.3M | $123K | — | View 990 |
| 2017 | $590K | $551K | $1.6M | $25K | — | View 990 |
| 2016 | $734K | $355K | $1.6M | $34K | — | View 990 |
| 2015 | $297K | $298K | $1.4M | $226K | — | View 990 |
| 2014 | $318K | $280K | $1.2M | $32K | — | View 990 |
| 2013 | $289K | $256K | $1.1M | $20K | — | View 990 |
| 2012 | $185K | $231K | $1.1M | $33K | — | View 990 |
| 2011 | $278K | $169K | $1.2M | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.4M, and assets of $3.2M (revenue -22.8% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.0M, and assets of $3.0M (revenue +39.0% year-over-year).
- 2021: Revenue of $1.6M, expenses of $911K, and assets of $1.6M (revenue +74.7% year-over-year).
- 2020: Revenue of $892K, expenses of $728K, and assets of $1.0M (revenue +75.8% year-over-year).
- 2019: Revenue of $507K, expenses of $988K, and assets of $1.1M (revenue -36.2% year-over-year).
- 2018: Revenue of $795K, expenses of $1.2M, and assets of $1.3M (revenue +34.8% year-over-year).
- 2017: Revenue of $590K, expenses of $551K, and assets of $1.6M (revenue -19.7% year-over-year).
- 2016: Revenue of $734K, expenses of $355K, and assets of $1.6M (revenue +147.4% year-over-year).
- 2015: Revenue of $297K, expenses of $298K, and assets of $1.4M (revenue -6.7% year-over-year).
- 2014: Revenue of $318K, expenses of $280K, and assets of $1.2M (revenue +9.9% year-over-year).
- 2013: Revenue of $289K, expenses of $256K, and assets of $1.1M (revenue +56.7% year-over-year).
- 2012: Revenue of $185K, expenses of $231K, and assets of $1.1M (revenue -33.6% year-over-year).
- 2011: Revenue of $278K, expenses of $169K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spruce Peak Resort Association Inc:
Data Sources and Methodology
This transparency report for Spruce Peak Resort Association 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.