GARRISON COMMERCIAL CLUB 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

1966

Legal Domicile

Principal Officer

ERIK HUFF

Phone

2188512349

Tax Period

2024-01-01 to 2024-12-31

GARRISON COMMERCIAL CLUB INC, founded in 1966, is a micro nonprofit that reported $64K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $157K exceeded revenue, resulting in a 145% operating deficit.

Mission

PROMOTES TOURISM AND BUSINESSES IN THE GARRISON, MN, AREA.

Program Service Accomplishments

Program 1

HOST PUBLIC COMMUNITY EVENTS THAT PROMOTE TOURISM AND BUSINESS IN THE GARRISON, MN, AREA. GROOM AND MAINTAIN PUBLIC SNOWMOBILE TRAILS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $49,728

Program Service Revenue $27,561

Investment Income $0

Other Revenue $-13,161

TOTAL REVENUE $64,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,183

Fundraising Expenses $0

Other Expenses $145,997

TOTAL EXPENSES $157,180

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,128	$105,167	-0.4%
Expenses	$157,180	$162,137	0.0%
Net Income	$-93,052	$-56,970	+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

N/A

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
WIN CARLSON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ERIK HUFF	PRESIDENT	N/A	Officer Director	$0	$0	$0
REENIE PHILLIPS	SECRETARY	N/A	Officer Director	$0	$0	$0
LORI SCHMALTZ	TREASURER	N/A	Officer Director	$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	$64,128	$157,180	$322,260	$-93,052
2023	$105,167	$162,137	$486,449	$-56,970
2022	$92,665	$12,834	$562,275	$79,831
2021	$51,468	$46,532	$274,520	$4,936
2020	$79,711	$37,701	$246,349	$42,010
2020	$79,711	$37,701	$246,349	$42,010
2019	$71,533	$45,875	$221,910	$25,658
2018	$90,285	$64,280	$200,822	$26,005