LYON COUNTY RIVERBOAT FOUNDATION INC (EIN 271024697) - 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

2008

Legal Domicile

Phone

7124720111

Tax Period

2023-01-01 to 2023-12-31

LYON COUNTY RIVERBOAT FOUNDATION INC, founded in 2008, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.7M in total revenue in fiscal year 2023.

Mission

TO DISTRIBUTE FUNDS RECEIVED FROM THE GRAND FALLS CASINO & RESORT TO QUALIFIED NON-PROFIT ORGANIZATIONS INCLUDING COUNTY, MUNICIPALITIES AND SCHOOL DISTRICTS IN ACCORDANCE WITH IOWA CODE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,662,380

Investment Income $29,919

Other Revenue $0

TOTAL REVENUE $3,692,299

Expense Breakdown

Grants Paid $3,471,738

Salaries & Benefits $43,371

Fundraising Expenses $0

Program Expenses $3,531,591

Other Expenses $74,469

TOTAL EXPENSES $3,589,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,692,299	$3,510,157	+0.1%
Expenses	$3,589,578	$3,489,709	+0.0%
Net Income	$102,721	$20,448	+4.0%

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

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
TOM VERSTEEG	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE SCHILLING	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT KRUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS HASELHOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL VANDER KOLK	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED LANDIS	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA HAUGLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAYLYN DOORNEWEERD	Secretary	1.00	Officer Director	$0	$0	$0
BRIENNA BRUGGEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA SPROCK	Treasurer	1.00	Officer Director	$0	$0	$0
RANDY WAAGMEESTER	President	2.00	Officer Director	$0	$0	$0
ASHLEY TEUNISSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON KELDERMAN	Vice President	1.00	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,692,299	$3,589,578	$2,788,927	$102,721
2022	$3,510,157	$3,489,709	$2,314,021	$20,448
2021	$3,365,358	$3,433,421	$2,226,608	$-68,063
2020	$2,031,454	$1,323,720	$1,398,948	$707,734
2019	$2,380,833	$2,453,184	$1,258,770	$-72,351
2018	$2,192,882	$1,775,366	$876,313	$417,516

LYON COUNTY RIVERBOAT FOUNDATION INC