DETROIT COUNTRY CLUB

EIN: 410218425 501(c)(3) Recreation & Sports

DETROIT LAKES, MN

Total Revenue
$1,964,538
Total Expenses
$1,588,015
Total Assets
$3,468,085
Net Assets
$3,124,842
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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
1916
Legal Domicile
MN
Principal Officer
THOMAS DOLBY
Phone
2188475790
Tax Period
2024-01-01 to 2024-12-31

DETROIT COUNTRY CLUB, founded in 1916, is a community nonprofit in the Recreation & Sports sector that reported $2.0M in total revenue in fiscal year 2024. The organization ran a surplus of $377K, a strong 19% operating margin.

Mission

OPERATE PUBLIC GOLF COURSE FOR THE CITY OF DETROIT LAKES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $40,507
Program Service Revenue $1,671,759
Investment Income $19,187
Other Revenue $233,085
TOTAL REVENUE $1,964,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,386,464
Other Expenses $1,588,015
TOTAL EXPENSES $1,588,015

Year-over-Year Comparison

2024 2023 Change
Revenue $1,964,538 $1,842,257 +0.1%
Expenses $1,588,015 $1,375,030 +0.2%
Net Income $376,523 $467,227 -0.2%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RHONDA FODE SECRETARY 1.00
Director
$0 $0 $0
KELCEY KLEMM DIRECTOR 0.50
Director
$0 $0 $0
BRUCE MEYER DIRECTOR 1.00
Director
$0 $0 $0
HEIDI OSTLIE DIRECTOR 0.50
Director
$0 $0 $0
JAY PETERSON DIRECTOR 1.00
Director
$0 $0 $0
JACKIE SCHILLER DIRECTOR 1.00
Director
$0 $0 $0
VERN SCHNATHORST DIRECTOR 1.00
Director
$0 $0 $0
DAVID BLOMSETH PRESIDENT 1.00
Officer
$0 $0 $0
JOHN FLYNN TREASURER 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 $1,964,538 $1,588,015 $3,468,085 $376,523
2023 $1,842,257 $1,375,030 $2,999,750 $467,227
2022 $1,729,302 $1,744,771 $2,495,680 $-15,469
2021 $1,763,955 $1,429,697 $2,607,069 $334,258
2020 $1,698,067 $1,235,294 $2,212,051 $462,773
2019 $1,230,009 $1,309,272 $1,774,805 $-79,263
2018 $1,400,622 $1,412,073 $1,858,813 $-11,451
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