Land of Lakes Choirboys of MN Inc

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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

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.

Program Service Accomplishments

Program 1

Expenses: $189,851 Revenue: $109,018

The organization served approximately 60 boys of various ages during the year. The boys have opportunities to expand their vocal musical talents along with learning correct breathing and improving...

The organization served approximately 60 boys of various ages during the year. The boys have opportunities to expand their vocal musical talents along with learning correct breathing and improving self-discipline. The choirs meet for practice weekly and perform regularly.

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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 (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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$43,971

Key Employees

Highest Compensated

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