Tomahawk Lake Association Inc (EIN 391656369) - 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

1989

Legal Domicile

Principal Officer

Bruce Forsberg

Phone

8475672020

Tax Period

2023-01-01 to 2023-12-31

Tomahawk Lake Association Inc, founded in 1989, is a small nonprofit in the Education sector that reported $307K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $297K left a modest 3% surplus.

Mission

Water Education and 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 $298,669

Program Service Revenue $0

Investment Income $8,360

Other Revenue $0

TOTAL REVENUE $307,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,437

Fundraising Expenses $0

Program Expenses $287,281

Other Expenses $287,989

TOTAL EXPENSES $297,426

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,029	$269,235	+0.1%
Expenses	$297,426	$238,335	+0.2%
Net Income	$9,603	$30,900	-0.7%

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
Noah Lottig	President	5.00	Officer Director	$0	$0	$0
Nancy Olson	Secretary	2.00	Officer Director	$0	$0	$0
Scott Harmsen	Vice-President	1.00	Officer Director	$0	$0	$0
Bruce Forsberg	Treasurer	5.00	Officer Director	$0	$0	$0
David Burbie	Board Member	1.00	Director	$0	$0	$0
Josh Rikkers	Board Member	1.00	Director	$0	$0	$0
Adam Redmen	Board Member	1.00	Director	$0	$0	$0
Tess Mallery	Board Member	1.00	Director	$0	$0	$0
Mary DeNamur	Board Member	1.00	Director	$0	$0	$0
Jake Harmsen	Board Member	1.00	Director	$0	$0	$0
James Kavemeier	Member at large	1.00	Officer Director	$0	$0	$0
Louis Molepske	Board Member	1.00	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
2024	No data	No data	No data	No data
2023	$307,029	$297,426	$277,861	$9,603
2022	$269,235	$238,335	$282,278	$30,900

Tomahawk Lake Association Inc