Lakes Region Historical Society

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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

1982

Legal Domicile

Principal Officer

Betty Ann Ralston

Phone

8473954912

Tax Period

2019-01-01 to 2019-12-31

Lakes Region Historical Society, founded in 1982, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $18K in total revenue in fiscal year 2019. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $60K exceeded revenue, resulting in a 226% operating deficit.

Mission

Preserving the Past to Educate the Future

Program Service Accomplishments

Program 1

Expenses: $14,469 Revenue: $8,235

Providing Educational Services as the Historical and Cultural Aspects of the Lakes Region Area to Society Members and the General Public Who Seek Displays, Genealogical Records and Other Pertinent...

Providing Educational Services as the Historical and Cultural Aspects of the Lakes Region Area to Society Members and the General Public Who Seek Displays, Genealogical Records and Other Pertinent Services and Information. Visitors and Inquiries Number in the Hundreds.

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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 (2019)

Revenue Breakdown

Contributions & Grants $10,032

Program Service Revenue $0

Investment Income $864

Other Revenue $7,371

TOTAL REVENUE $18,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,469

Other Expenses $59,513

TOTAL EXPENSES $59,513

Year-over-Year Comparison

	2019	2018	Change
Revenue	$18,267	$48,486	-0.6%
Expenses	$59,513	$56,561	+0.1%
Net Income	$-41,246	$-8,075	+4.1%

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
Jan Burdick	Trustee	003.00	Director	$0	$0	$0
Robin Kessell	Trustee	003.00	Director	$0	$0	$0
Jan Krumm	Trustee	003.00	Director	$0	$0	$0
Chandra Paddock	Trustee	003.00	Director	$0	$0	$0
Robert Wonderling	Trustee	003.00	Director	$0	$0	$0
Betty Ann Ralston	President	012.00	Officer	$0	$0	$0
Margaret Cole	Vice-President/Secretary	006.00	Officer	$0	$0	$0
Ted W Sokulski	Treasurer	006.00	Officer	$0	$0	$0
Ainsley Wonderling	History Manager	015.00	Key Emp	$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
2019	$18,267	$59,513	$813,820	$-41,246