PLATTE LAKE IMPROVEMENT ASSOCIATION

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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

1978

Legal Domicile

Principal Officer

WILLIAM ANDERSON

Phone

2318710821

Tax Period

2023-01-01 to 2023-12-31

PLATTE LAKE IMPROVEMENT ASSOCIATION, founded in 1978, is a small nonprofit in the Community Improvement sector that reported $270K in total revenue in fiscal year 2023. The organization ran a surplus of $242K, a strong 89% operating margin.

Mission

TO PRESERVE, PROTECT AND IMPROVE THE PLATTE LAKE ECOSYSTEM.

Program Service Accomplishments

Program 1

Expenses: $23,152

THE ORGANIZATION MONITORS, TESTS AND RESEARCHES PLATTE LAKE AND ITS TRIBUTARIES TO AID IN PRESERVATION OF THE QUALITY OF PLATTE LAKE, EDUCATE THE PUBLIC ON WATER QUALITY, AND MONITOR COMPLIANCE BY...

THE ORGANIZATION MONITORS, TESTS AND RESEARCHES PLATTE LAKE AND ITS TRIBUTARIES TO AID IN PRESERVATION OF THE QUALITY OF PLATTE LAKE, EDUCATE THE PUBLIC ON WATER QUALITY, AND MONITOR COMPLIANCE BY THE DNR WITH THE 3/10/2000 CONSENT JUDGEMENT AND SUPPORT CODES THAT IMPACT PLATTE LAKE WATER QUALITY.

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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 $260,957

Program Service Revenue $0

Investment Income $7,469

Other Revenue $1,776

TOTAL REVENUE $270,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,152

Other Expenses $28,629

TOTAL EXPENSES $28,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$270,202	N/A	N/A
Expenses	$28,629	N/A	N/A
Net Income	$241,573	N/A	N/A

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
WILLIAM ANDERSON	PRESIDENT	7.00	Officer Director	$0	$0	$0
JOSEPH BUECHEL	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
JOHN COLLINS	DIRECTOR	4.00	Director	$0	$0	$0
DAVID FUHRHOP	TREASURER	3.00	Officer Director	$0	$0	$0
JOHN HARNISH	DIRECTOR	2.50	Director	$0	$0	$0
JERRY HEIMAN	ASSISTANT SE	4.00	Officer Director	$0	$0	$0
SCOTT JONES	DIRECTOR	2.50	Director	$0	$0	$0
DAN MYLER	DIRECTOR	2.50	Director	$0	$0	$0
STEPHEN PETERSON	DIRECTOR	2.00	Director	$0	$0	$0
PAIGE REED	DIRECTOR	2.50	Director	$0	$0	$0
ROSS STEPHENSON	SECRETARY	3.00	Officer Director	$0	$0	$0
WILFRED SWIECKI	DIRECTOR	6.00	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
2023	$270,202	$28,629	$522,566	$241,573