LAKER BOOSTER CLUB INC (EIN 202297807) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

SARA SKADSEM

Phone

2188474491

Tax Period

2024-07-01 to 2025-06-30

LAKER BOOSTER CLUB INC, founded in 2005, is a small nonprofit in the Education sector that reported $183K in total revenue in fiscal year 2024. Expenses of $203K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE SUPPORT FOR ALL ATHLETIC PROGRAMS AT DETROIT LAKES HIGH SCHOOL IN DETROIT LAKES, MINNESOTA THAT ARE CONSISTENT WITH THE PHILOSOPHY AND POLICIES OF INDEPENDENT SCHOOL DISTRICT 22.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $20,188

Program Service Revenue $0

Investment Income $8,677

Other Revenue $154,372

TOTAL REVENUE $183,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $191,960

Other Expenses $202,718

TOTAL EXPENSES $202,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$183,237	$184,598	0.0%
Expenses	$202,718	$184,947	+0.1%
Net Income	$-19,481	$-349	+54.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA SKADSEM	PRESIDENT	2.00	Officer Director	$0	$0	$0
TJ BUBOLTZ	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
AMY HOCHGRABER	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHELE SLIPER	TREASURER	2.00	Officer Director	$0	$0	$0
JULIA OKESON	PAST PRESIDE	1.00	Director	$0	$0	$0
KIM BETTCHER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE HUTCHINSON	DIRECTOR	1.00	Director	$0	$0	$0
ALEX HAGEDORN	DIRECTOR	1.00	Director	$0	$0	$0
JODI KUEHN	DIRECTOR	1.00	Director	$0	$0	$0
MATT CARRIER	DIRECTOR	1.00	Director	$0	$0	$0
NICK OMBERG	DIRECTOR	1.00	Director	$0	$0	$0
JOE BERGQUIST	DIRECTOR	1.00	Director	$0	$0	$0
PAM JONES	DIRECTOR	1.00	Director	$0	$0	$0
MEG BARKER	DIRECTOR	1.00	Director	$0	$0	$0
ROB NIELSEN	ATHL. DIRECT	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$183,237	$202,718	$337,902	$-19,481
2024	$184,598	$184,947	$357,383	$-349
2023	$195,519	$184,164	$357,732	$11,355

LAKER BOOSTER CLUB INC