Red Lake Falls Blue Line

EIN: 411433304 501(c)(3)

Red Lake Falls, MN

Total Revenue
$87,980
Total Expenses
$37,855
Total Assets
$333,106
Net Assets
$315,842
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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
1984
Legal Domicile
MN
Principal Officer
Matt Knutson
Phone
2182534129
Tax Period
2023-07-01 to 2024-06-30

Red Lake Falls Blue Line, founded in 1984, is a micro nonprofit that reported $88K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50K, a strong 57% operating margin.

Mission

Community Service- Supporting and promoting youth activities in the community

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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 (2023)

Revenue Breakdown

Contributions & Grants $22,878
Program Service Revenue $0
Investment Income $2,671
Other Revenue $62,431
TOTAL REVENUE $87,980

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $37,855
Other Expenses $37,855
TOTAL EXPENSES $37,855

Year-over-Year Comparison

2023 2022 Change
Revenue $87,980 $62,377 +0.4%
Expenses $37,855 $58,830 -0.4%
Net Income $50,125 $3,547 +13.1%
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
6
Independent Members
6
Employees
20
Volunteers
15

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matt Knutson President 1.00
Officer
$0 $0 $0
Tom Delorme V. President 1.00
Officer
$0 $0 $0
Dusty Buse Secretary 1.00
Officer
$0 $0 $0
Kristie Klipping Treasurer 1.00
Officer
$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
2024 $87,980 $37,855 $333,106 $50,125
2023 $62,377 $58,830 $283,514 $3,547
2022 $82,049 $31,630 $280,497 $50,419
2020 $52,266 $83,982 $177,218 $-31,716
2019 $65,471 $32,838 $209,481 $32,633
2018 $33,514 $27,692 $182,284 $5,822
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