SPORTSMENS CLUB OF LAKE VERMILION DBA VERMILION LAKE ASSOCIATION

EIN: 411311744 501(c)(3)

COOK, MN

Total Revenue
$108,018
Total Expenses
$91,677
Total Assets
$169,983
Net Assets
$169,983
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
MN
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.

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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 $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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Governance

Voting Members
17
Independent Members
17
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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
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
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