COURTE OREILLES LAKES ASSOCIATION INC (EIN 391829932) - 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

1994

Legal Domicile

Principal Officer

ANDY VERGERONT

Phone

7632224365

Tax Period

2024-01-01 to 2024-12-31

COURTE OREILLES LAKES ASSOCIATION INC, founded in 1994, is a small nonprofit in the Environment sector that reported $186K in total revenue in fiscal year 2024. Expenses of $332K exceeded revenue, resulting in a 79% operating deficit.

Mission

THE PURPOSES OF THE COURTE OREILLES LAKES ASSOCIATION, INC. ARE (1) TO PROTECT, PRESERVE, AND ENHANCE THE QUALITY OF THE COURTE OREILLES LAKES, THEIR SHORELANDS AND SURROUNDING AREAS, WHILE RESPECTING THE INTERESTS OF PROPERTY OWNERS AND THE RIGHTS OF THE GENERAL PUBLIC, AND (2) TO CONSIDER, STUDY, SURVEY AND RESPOND TO ISSUES DEEMED RELEVANT BY THE MEMBERSHIP OF THE ORGANIZATION. THE COURTE OREILLES LAKES CONSIST OF LAC COURTE OREILLES AND LITTLE LAC COURTE OREILLES, BOTH LOCATED IN SAWYER COUNTY, WISCONSIN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $186,015

Program Service Revenue $0

Investment Income $16

Other Revenue $0

TOTAL REVENUE $186,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $328,968

Other Expenses $332,189

TOTAL EXPENSES $332,189

Year-over-Year Comparison

	2024	2023	Change
Revenue	$186,031	$174,412	+0.1%
Expenses	$332,189	$169,348	+1.0%
Net Income	$-146,158	$5,064	-29.9%

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
CHRIS BEDWELL	PRESIDENT	2.00	Officer Director	$0	$0	$0
JESS BRICKNER	SECRETARY	2.00	Officer Director	$0	$0	$0
ANDY VERGERONT	TREASURER	2.00	Officer Director	$0	$0	$0
MIKE PERSSON	CHAIR	2.00	Director	$0	$0	$0
JEFF ASPENWALL	CHAIR	2.00	Director	$0	$0	$0
RICHARD LAUMER	CHAIR	2.00	Director	$0	$0	$0
DAVID ZIMMER	CHAIR	2.00	Director	$0	$0	$0
JIM PAINE	CHAIR	2.00	Director	$0	$0	$0
KURT SCHROEDER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE UMLAND	CHAIR	2.00	Director	$0	$0	$0
CAITLIN HAGAR-KUHN	CHAIR	2.00	Director	$0	$0	$0
LOGAN QUIGGLE	CHAIR	2.00	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	$186,031	$332,189	$195,920	$-146,158
2023	$174,412	$169,348	$342,078	$5,064
2022	$194,995	$107,609	$337,014	$87,386
2021	$225,000	$103,348	$249,628	$121,652
2020	$236,382	$108,406	$127,976	$127,976

COURTE OREILLES LAKES ASSOCIATION INC