VETERANS ON THE LAKE RESORT (EIN 411439548) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

VETERANS ON THE LAKE RESORT, founded in 1982, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $405K, a strong 39% operating margin.

Mission

PROVIDE RESORT SERVICES TO DISABLED VETERANS, DISABLE MEMBERS OF THE PUBLIC, AND THEIR FAMLIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $571,854

Program Service Revenue $426,000

Investment Income $44

Other Revenue $38,613

TOTAL REVENUE $1,036,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,144

Fundraising Expenses $0

Program Expenses $620,560

Other Expenses $455,436

TOTAL EXPENSES $631,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,036,511	$1,332,959	-0.2%
Expenses	$631,580	$357,615	+0.8%
Net Income	$404,931	$975,344	-0.6%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE SAARI	DIRECTOR	2.00	Director	$0	$0	$0
TONY RECHICHI	DIRECTOR	2.00	Director	$0	$0	$0
NATHAN BURR	DIRECTOR	2.00	Director	$0	$0	$0
ERIK JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
GENE DEMKO	DIRECTOR	2.00	Director	$0	$0	$0
MIKE FORSMAN	DIRECTOR	2.00	Director	$0	$0	$0
CURT MCSWEYN	DIRECTOR	2.00	Director	$0	$0	$0
ERIC MAYANEN	CHAIEMAN	5.00	Officer	$0	$0	$0
MIKE POPE	VICE CHAIRMANSECRETARY	5.00	Officer	$0	$0	$0
KATHY BRANDAU	TREASUER	5.00	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
2023	$1,036,511	$631,580	$1,905,899	$404,931
2022	$1,332,959	$357,615	$1,411,406	$975,344
2021	$685,602	$477,917	$543,262	$207,685
2020	$323,771	$309,678	$357,797	$14,093

VETERANS ON THE LAKE RESORT