Land of Lakes Choirboys of MN Inc

EIN: 411401608 501(c)(3)

Elk River, MN

Total Revenue
$201,013
Total Expenses
$201,247
Total Assets
$85,985
Net Assets
$77,047
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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
1980
Legal Domicile
MN
Principal Officer
Aaron Carpenter
Phone
7632388286
Tax Period
2018-09-01 to 2019-08-31

Land of Lakes Choirboys of MN Inc, founded in 1980, is a small nonprofit that reported $201K in total revenue in fiscal year 2018.

Mission

To enrich the lives of boys by teaching excellence in choral music and self-discipline.

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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 (2018)

Revenue Breakdown

Contributions & Grants $91,995
Program Service Revenue $109,018
Investment Income $0
Other Revenue $0
TOTAL REVENUE $201,013

Expense Breakdown

Grants Paid $0
Salaries & Benefits $70,788
Fundraising Expenses $0
Program Expenses $189,851
Other Expenses $130,459
TOTAL EXPENSES $201,247

Year-over-Year Comparison

2018 2017 Change
Revenue $201,013 $209,397 0.0%
Expenses $201,247 $220,016 -0.1%
Net Income $-234 $-10,619 -1.0%
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
7
Independent Members
7
Employees
5
Volunteers
80

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
3
$0
Total Directors
9
$43,971
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Stevens President 1.50
Officer Director
$0 $0 $0
Susan Oelke Treasurer 1.50
Officer Director
$0 $0 $0
Clarissa Lund Secretary 1.50
Officer Director
$0 $0 $0
Mike Talbot Director 1.50
Director
$0 $0 $0
Thomas Jones Director 1.50
Director
$0 $0 $0
Joseph Kleckner Director 1.50
Director
$0 $0 $0
Rick Strub Director 1.50
Director
$0 $0 $0
John Fitzgerald Ex-Officio 1.50
Director
$0 $0 $0
Aaron Carpenter Artistic Director 30.00
Director
$43,971 $0 $43,971
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
2019 $201,013 $201,247 $85,985 $-234
2018 $209,397 $220,016 $92,595 $-10,619
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