LAKES AREA SENIOR ACTIVITY CENTER … - 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

2004

Legal Domicile

Principal Officer

KATHY TUSA

Phone

2184545056

Tax Period

2025-01-01 to 2025-12-31

LAKES AREA SENIOR ACTIVITY CENTER INC, founded in 2004, is a small nonprofit that reported $489K in total revenue in fiscal year 2025. Net assets of $1.3M represent 32 months of operating reserves.

Mission

ENCOURAGING MATURE ADULTS TO ENGAGE IN HEALTHY LIVING, SOCIALIZATION, LIFE LONG LEARNING AND COMMUNITY CONNECTIONS.

Program Service Accomplishments

Program 1

Expenses: $415,674 Revenue: $142,029

THE BRAINERD CENTER SERVES ADULTS AGE 45+ THROUGH PROGRAMS THAT PROMOTE HEALTHY AGING, SOCIAL CONNECTION, LIFELONG LEARNING, AND COMMUNITY ENGAGEMENT. DURING THE REPORTING YEAR, THE CENTER SERVED...

THE BRAINERD CENTER SERVES ADULTS AGE 45+ THROUGH PROGRAMS THAT PROMOTE HEALTHY AGING, SOCIAL CONNECTION, LIFELONG LEARNING, AND COMMUNITY ENGAGEMENT. DURING THE REPORTING YEAR, THE CENTER SERVED APPROXIMATELY 1,400 MEMBERS AND RECORDED AN ESTIMATED 20,000+ PARTICIPANT VISITS THROUGH DAILY AND WEEKLY FITNESS, EDUCATIONAL, SOCIAL, AND RECREATIONAL PROGRAMS (ESTIMATED). THE CENTER'S DEDICATED VOLUNTEERS CONTRIBUTED APPROXIMATELY 20,000 HOURS BY SUPPORTING PROGRAMS, INITIATIVES, OUTREACH, FUNDRAISING, AND PEER-LED ACTIVITIES.HEALTH AND WELLNESS CLASSES ENGAGED HUNDREDS OF PARTICIPANTS WEEKLY (ESTIMATED), HELPING MEMBERS AND NON-MEMBERS ALIKE MAINTAIN PHYSICAL HEALTH AND INDEPENDENCE. SOCIAL AND ENRICHMENT PROGRAMS REDUCED ISOLATION AND SUPPORTED EMOTIONAL WELL-BEING. CREATIVE VOLUNTEER GROUPS PRODUCED THOUSANDS OF DONATED ITEMS, INCLUDING MORE THAN 7,300 HANDMADE QUILTS TO DATE, WHICH ARE GIFTED TO HOSPICE ORGANIZATIONS AND CARDIAC REHAB PROGRAMS TO BRING COMFORT, JOY, AND ENCOURAGEMENT DURING DIFFICULT TIMES. ADDITIONAL PROJECTS CREATED BY CENTER MEMBERS AND VOLUNTEERS SUPPORT INDIVIDUALS AND LOCAL ORGANIZATIONS THROUGHOUT THE COMMUNITY.PROGRAM OBJECTIVE: PROVIDE ACCESSIBLE PROGRAMS THAT KEEP ADULTS ACTIVE, ENGAGED, AND CONNECTED.LONG-TERM GOAL: STRENGTHEN HEALTH, INDEPENDENCE, AND QUALITY OF LIFE FOR ADULTS 45+ WHILE SERVING AS A COMMUNITY FOCAL POINT FOR AGING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $227,932

Program Service Revenue $54,553

Investment Income $36,227

Other Revenue $169,959

TOTAL REVENUE $488,671

Expense Breakdown

Grants Paid $135

Salaries & Benefits $210,083

Fundraising Expenses $0

Program Expenses $415,674

Other Expenses $325,877

TOTAL EXPENSES $536,095

Year-over-Year Comparison

	2025	2024	Change
Revenue	$488,671	$455,682	+0.1%
Expenses	$536,095	$428,645	+0.3%
Net Income	$-47,424	$27,037	-2.8%

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

Volunteers

175

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

$88,972

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY TUSA	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE BARROWS	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE BUXTON	DIRECTOR	1.00	Director	$0	$0	$0
JOSIAH HEAL	DIRECTOR	1.00	Director	$0	$0	$0
LIZ HOLT	DIRECTOR	1.00	Director	$0	$0	$0
LANA LEDOUX	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LEMIEUX	DIRECTOR	1.00	Director	$0	$0	$0
KURT NELSON	DIRECTOR	1.00	Director	$0	$0	$0
AMY PRICE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RABOIN	DIRECTOR	1.00	Director	$0	$0	$0
NICK REINDL	DIRECTOR	1.00	Director	$0	$0	$0
GAYLE TRZPUC	DIRECTOR	1.00	Director	$0	$0	$0
LYNN ZIMBELMAN	DIRECTOR	1.00	Director	$0	$0	$0
DEANN BARRY THRU 052025	EXECUTIVE DIRECTOR	40.00	Officer	$40,948	$0	$40,948
DARCY WALKOWIAK	EXECUTIVE DIRECTOR	40.00	Officer	$48,024	$0	$48,024

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	$488,671	$536,095	$1,326,127	$-47,424
2024	$455,682	$428,645	$1,352,903	$27,037
2023	$380,466	$389,676	$1,327,656	$-9,210
2022	$403,122	$410,072	$1,343,586	$-6,950
2020	$365,564	$384,077	$1,164,025	$-18,513
2019	$694,886	$451,087	$1,176,827	$243,799
2018	$390,610	$438,239	$930,529	$-47,629

LAKES AREA SENIOR ACTIVITY CENTER INC