FRIENDS OF RAYSTOWN LAKE

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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

1996

Legal Domicile

Principal Officer

WAYNE A HEARN

Phone

8146435200

Tax Period

2024-10-01 to 2025-09-30

FRIENDS OF RAYSTOWN LAKE, founded in 1996, is a micro nonprofit in the Environment sector that reported $45K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $19K, a strong 42% operating margin.

Mission

TO PROMOTE THE RESPONSIBLE STEWARDSHIP OF THE NATURAL AND RECREATIONAL RESOURCES OF THE RAYSTOWN LAKE PROJECT THROUGH THE SUPPORT OF MEMBERS AND CONSTITUENTS IN SPONSORING AND DEVELOPING PROGRAMS IN EDUCATION, RESOURCE PROTECTION AND ENHANCEMENT, AND RECREATIONAL IMPROVEMENT.

Program Service Accomplishments

Program 1

Expenses: $21,616

OTHER PROGRAM SERVICE FEES

Program 2

Expenses: $4,726

THE VOLUNTEER ORGANIZATION PROVIDES AND SPONSORS EDUCATION RELEVANT TO EVENTS AT THE LAKE, WILDLIFE HABITAT INFORMATION, AND GOOD STEWARDSHIP OF THE FACILITIES ON THE FEDERAL RESERVATION. THE...

THE VOLUNTEER ORGANIZATION PROVIDES AND SPONSORS EDUCATION RELEVANT TO EVENTS AT THE LAKE, WILDLIFE HABITAT INFORMATION, AND GOOD STEWARDSHIP OF THE FACILITIES ON THE FEDERAL RESERVATION. THE ORGANIZATION FURTHER SUPPORTS THE MISSION OF THE US ARMY CORPS OF ENGINEERS WHO OPERATE THE LAKE, BY OBTAINING GRANT FUNDS AND OTHER MANPOWER PROGRAMS TO IMPROVE AND MAINTAIN THE FACILITY. TO THAT END, A QUARTERLY NEWSLETTER IS PRINTED AND MAILED TO ALL MEMBERS TO KEEP THEM INFORMED AS TO THE EVENTS AND OTHER ITEMS OF INTEREST IN PROMOTING AND INFORMING WHAT IS AVAILABE AT RAYSTOWN LAKE BY THE PUBLIC. RAYSTOWN LAKE SERVES OVER ONE MILLION PEOPLE ANNUALLY. THE ORGANIZATION HAS THE OPPORTUNITY TO OBTAIN GRANTS AND OTHER FUNDING NOT AVAILABLE TO THE ARMY CORPS OF ENGINEERS FOR RESOURCE ENHANCEMENTS AT THE LAKE. SUCH PROJECTS AS INSTALLATION AND MAINTENANCE OF SOLAR NAVIGATIONAL LIGHTS TO DIRECT BOATER AT NIGHT OR IN THE FOG, PROVIDING FUNDING FOR IMPROVEMENT OF THE FISH HABITAT, ASSISTING WITH THE RE-INTRODUCTION OF WILDLIFE SUCH AS THE BALD EAGLE AND OSPREY AND OPERATE A 32 MILE MOUNTAIN BIKE TRAIL THROUGHOUT THE RESERVATION.

Program 3

THE ORGANIZATION HAS ESTABLISHED A COOPERATIVE AGREEMENT WITH THE US ARMY CORP OF ENGINEERS TO MAINTAIN AND MANAGE THE 33 MILE BICYCLE TRAIL WHICH RUNS THROUGHOUT THE PARK.

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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 $40,274

Program Service Revenue $0

Investment Income $2,993

Other Revenue $1,838

TOTAL REVENUE $45,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,342

Other Expenses $26,342

TOTAL EXPENSES $26,342

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,105	$104,159	-0.6%
Expenses	$26,342	$97,983	-0.7%
Net Income	$18,763	$6,176	+2.0%

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

N/A

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
VALERIE J ROBBINS-RICE	DIRECTOR	1.00	Director	$0	$0	$0
GARY MOORE	DIRECTOR	1.00	Director	$0	$0	$0
JON LESLIE	DIRECTOR	1.00	Director	$0	$0	$0
TIM CLARK	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MCCAULEY	DIRECTOR	1.00	Director	$0	$0	$0
MATT PRICE	DIRECTOR	1.00	Director	$0	$0	$0
LARRY LAIRD	DIRECTOR	1.00	Director	$0	$0	$0
ROD B DONALDSON	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
WAYNE A HEARN	TREASURER	2.00	Officer	$0	$0	$0
MICHAEL TOME	PRESIDENT	4.00	Officer	$0	$0	$0
HANAH THATCHER	SECRETARY	3.00	Officer	$0	$0	$0
CARLA BUMGARDNER	VICE PRESIDENT	1.00		$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	$45,105	$26,342	$126,155	$18,763
2024	$103,837	$97,983	$108,720	$5,854