BOYS AND GIRLS CLUB OF DETROIT LAKES

EIN: 410871442 501(c)(3)

DETROIT LAKES, MN

Total Revenue
$3,067,300
Total Expenses
$2,420,082
Total Assets
$8,330,894
Net Assets
$7,692,316
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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
1991
Legal Domicile
MN
Principal Officer
PATRICK PETERMANN
Phone
2188475700
Tax Period
2024-01-01 to 2024-12-31

BOYS AND GIRLS CLUB OF DETROIT LAKES, founded in 1991, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. The organization ran a surplus of $647K, a strong 21% operating margin.

Mission

TO ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED IT MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING,RESPONSIBLE CITIZENS.

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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 $1,835,788
Program Service Revenue $979,266
Investment Income $59,304
Other Revenue $192,942
TOTAL REVENUE $3,067,300

Expense Breakdown

Grants Paid $150,000
Salaries & Benefits $1,289,026
Fundraising Expenses $139,272
Program Expenses $1,984,404
Other Expenses $981,056
TOTAL EXPENSES $2,420,082

Year-over-Year Comparison

2024 2023 Change
Revenue $3,067,300 $2,983,332 +0.0%
Expenses $2,420,082 $2,059,915 +0.2%
Net Income $647,218 $923,417 -0.3%
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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Governance

Voting Members
12
Independent Members
12
Employees
71
Volunteers
350

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
0
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNA SCHMITZ PRESIDENT N/A
Director
$0 $0 $0
JULIA NELMARK TREASURER N/A
Director
$0 $0 $0
BRIAN HAIRE SECRETARY N/A
Director
$0 $0 $0
BRITTANY NORDICK VICE PRESIDE N/A
Director
$0 $0 $0
JUSTIN SKARIE BOARD MEMBER N/A
Director
$0 $0 $0
SANDY GUNDERSON BOARD MEMBER N/A
Director
$0 $0 $0
GARY THOMPSON BOARD MEMBER N/A
Director
$0 $0 $0
JIM KALBERER BOARD MEMBER N/A
Director
$0 $0 $0
TRAVIS STONE BOARD MEMBER N/A
Director
$0 $0 $0
RON MUELLER BOARD MEMBER N/A
Director
$0 $0 $0
JAMES VOGT BOARD MEMBER N/A
Director
$0 $0 $0
VIVA LAUINGER BOARD MEMEBE N/A
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 $3,067,300 $2,420,082 $8,330,894 $647,218
2023 $2,983,332 $2,059,915 $7,667,025 $923,417
2022 $1,944,135 $1,790,723 $6,790,042 $153,412
2021 $1,749,513 $1,486,873 $6,007,420 $262,640
2020 $1,922,512 $1,305,497 $6,072,456 $617,015
2019 $1,795,827 $1,288,536 $6,324,778 $507,291
2018 $2,706,434 $1,646,487 $7,803,209 $1,059,947
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