BOYS & GIRLS CLUB THRIFT STORE OF DETROIT LAKES (EIN 272588560) - 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

2010

Legal Domicile

Principal Officer

MATT JOHNSON

Phone

2188446556

Tax Period

2023-01-01 to 2023-12-31

BOYS & GIRLS CLUB THRIFT STORE OF DETROIT LAKES, founded in 2010, is a community nonprofit in the Human Services sector that reported $3.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.9M left a modest 12% surplus.

Mission

PROVIDE FUNDING FOR PROGRAMS & ACTIVITIES FOR THE BOYS & GIRLS CLUB OF DETROIT LAKES WHOSE MISSION IS TO PROVIDE A SAFE, CARING CLUB WHERE YOUTH LEARN DIGNITY, RESPECT, AND GET AN OPPORTUNITY TO LEARN RESPONSIBILITY IN A DIVERSE SOCIETY.

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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 $2,334,616

Program Service Revenue $0

Investment Income $62,754

Other Revenue $960,927

TOTAL REVENUE $3,358,297

Expense Breakdown

Grants Paid $888,075

Salaries & Benefits $1,381,322

Fundraising Expenses $0

Program Expenses $2,731,337

Other Expenses $677,973

TOTAL EXPENSES $2,947,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,358,297	$2,848,011	+0.2%
Expenses	$2,947,370	$2,233,914	+0.3%
Net Income	$410,927	$614,097	-0.3%

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

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
SCOTT BUSKER	DIRECTOR	1.00	Director	$0	$0	$0
KEN FOLTZ	DIRECTOR	1.00	Director	$0	$0	$0
SANDY GUNDERSON	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG KOEP	TREASURER	1.00	Director	$0	$0	$0
RON MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
BEN ROTH	DIRECTOR	1.00	Director	$0	$0	$0
GARY THOMPSON	VICE PRESIDE	1.00	Director	$0	$0	$0
TIFFANY WALZ	DIRECTOR	1.00	Director	$0	$0	$0
GAYLEN WEISENBURGER	DIRECTOR	1.00	Director	$0	$0	$0
MATT JOHNSON	PRESIDENT	1.00	Officer	$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
2024	No data	No data	No data	No data
2023	$3,358,297	$2,947,370	$4,457,726	$410,927
2022	$2,848,011	$2,233,914	$4,038,538	$614,097
2021	$3,129,793	$1,382,967	$3,328,510	$1,746,826
2020	$2,344,972	$1,759,434	$3,548,129	$585,538
2019	$2,046,204	$1,300,064	$3,064,553	$746,140
2018	$1,647,903	$1,210,183	$1,204,395	$437,720

BOYS & GIRLS CLUB THRIFT STORE OF DETROIT LAKES