SPORTSMENS CLUB OF LAKE VERMILION … - Form 990 Financial Data

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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

1968

Legal Domicile

Phone

6128104570

Tax Period

2024-07-01 to 2025-06-30

SPORTSMENS CLUB OF LAKE VERMILION DBA VERMILION LAKE ASSOCIATION, founded in 1968, is a small nonprofit that reported $108K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $16K, a strong 15% operating margin.

Mission

TO PROMOTE AND ENHANCE THE OUTDOOR EXPERIENCE OF LAKE VERMILION FOR PRESENT AND FUTURE GENERATIONS, TO PROTECT AND IMPROVE THE WATER QUALITY OF LAKE VERMILION, AND TO EDUCATE THE CLUB MEMBERS AND THE PUBLIC REGARDING ISSUES, WHICH IMPACT LAKE VERMILION.

Program Service Accomplishments

Program 1

Expenses: $71,930

TO PROMOTE AND ENHANCE THE OUTDOOR EXPERIENCE OF LAKE VERMILION FOR PRESENT AND FUTURE GENERATIONS BY: 1. MAINTAINING AND IMPROVING THE LAKE VERMILION FISHERY 2. PROMOTING "CATCH & RELEASE" 3...

TO PROMOTE AND ENHANCE THE OUTDOOR EXPERIENCE OF LAKE VERMILION FOR PRESENT AND FUTURE GENERATIONS BY: 1. MAINTAINING AND IMPROVING THE LAKE VERMILION FISHERY 2. PROMOTING "CATCH & RELEASE" 3. PROMOTING SAFE BOATING PRACTICES 4. ESTABLISHING AND MAINTAINING SHORE LUNCH/PICNIC SITES 5. ESTABLISHING AND MAINTAINING A NIGHT NAVIGATIONAL AID SYSTEM 6. MONITORING AND PROTECTING AREA WILDLIFETO PROTECT AND IMPROVE THE WATER QUALITY OF LAKE VERMILION BY: 1. MONITORING WATER QUALITY IN COOPERATION WITH INTERESTED GOVERNMENT AGENCIES 2. PROMOTING SHORELINE PRESERVATION AND RE-VEGETATION 3. MONITORING EXOTIC SPECIES AND PREVENTING THEIR SPREAD 4. PROMOTING SOUND CONSERVATION PRACTICES IN THE LAKE VERMILION WATERSHEDTO EDUCATE CLUB MEMBERS AND THE PUBLIC REGARDING ISSUES WHICH IMPACT LAKE VERMILION BY: 1. PUBLISHING A PERIODIC NEWSLETTER AND DISTRIBUTING IT TO CLUB MEMBERS AND THE PUBLIC 2. MAINTAINING AN INTERNET WEBSITE CONTAINTING PREVIOUSLY PUBLISHED NEWSLETTERS AND OTHER INFORMATION ABOUT THE CLUB AND LAKE VERMILION 3. PUBLISHING NEWS RELEASES AND ARTICLES PERTAINING TO CLUB ACTIVITIES IN OTHER PUBLICATIONS

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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 $98,833

Program Service Revenue $0

Investment Income $5,691

Other Revenue $3,494

TOTAL REVENUE $108,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,250

Program Expenses $71,930

Other Expenses $91,677

TOTAL EXPENSES $91,677

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,018	$116,651	-0.1%
Expenses	$91,677	$110,552	-0.2%
Net Income	$16,341	$6,099	+1.7%

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

N/A

Volunteers

120

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
TERRY GROSSHAUSER	Trustee	5.00	Director	$0	$0	$0
JERRY LEPPER	Trustee	5.00	Director	$0	$0	$0
DWIGHT WARKENTIN	Trustee	1.00	Director	$0	$0	$0
GARY HAUGEN	Trustee	1.00	Director	$0	$0	$0
PAT MICHAELSON	Vice President	1.00	Officer Director	$0	$0	$0
LORI PTAK	President	1.00	Officer Director	$0	$0	$0
CRAIG BEVEROTH	Trustee	1.00	Director	$0	$0	$0
ERIC HANSON	Trustee	1.00	Director	$0	$0	$0
JOHN YOCUM	Trustee	1.00	Director	$0	$0	$0
NANCY WATKINS	Trustee	1.00	Director	$0	$0	$0
KELLY LUDLOW	Secretary	1.00	Officer Director	$0	$0	$0
KATHLEEN MOCCIO	Trustee	1.00	Director	$0	$0	$0
MARK SCHMIDT	Treasurer	1.00	Officer Director	$0	$0	$0
LISA TAMTE	Trustee	1.00	Director	$0	$0	$0
SARA BRIGHT	Trustee	1.00	Director	$0	$0	$0
ANDRINE LEMIEUX	Trustee	1.00	Director	$0	$0	$0
JESSICA TEMPLETON	Trustee	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
2025	$108,018	$91,677	$169,983	$16,341
2024	No data	No data	No data	No data
2023	$104,319	$87,876	$147,543	$16,443
2022	$83,575	$62,137	$131,100	$21,438
2021	$95,330	$73,268	$109,662	$22,062
2020	$144,006	$123,294	$87,600	$20,712
2019	$171,594	$147,354	$66,888	$24,240

SPORTSMENS CLUB OF LAKE VERMILION DBA VERMILION LAKE ASSOCIATION