BIG LAKE AQUATIC ASSOCIATION 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

1992

Legal Domicile

Principal Officer

PATRICIA GLENDENNING

Phone

3204532375

Tax Period

2025-01-01 to 2025-12-31

BIG LAKE AQUATIC ASSOCIATION INC, founded in 1992, is a micro nonprofit that reported $13K in total revenue in fiscal year 2025. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12K, a strong 94% operating margin.

Mission

TO PRESERVE, MAINTAIN AND PROMOTE RECREATION OF LAKE WATER AND SHORELINE FOR THE USE OF THE GENERAL PUBLIC. PUBLISH NEWSLETTER CONCERNING THE PRESERVATION OF THE STATE'S NATURAL RESOURCES AND INFORM MEMBER OF ACTIONS THEY MAKE TAKE IN AND AROUND BIG LAKE.

Program Service Accomplishments

Program 1

Expenses: $410

PROMTION OF TOURISM AND LAKE RECREATION.

Program 2

Expenses: $250

OFFSET FOR CHARITABLE CONTRIBUTIONS AS REQUIRED BY MN LAW.

Program 3

Expenses: $125

PAYMENT OF TAXES AS REQUIRED BY CHARITABLE GAMBLING

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,570

Program Service Revenue $0

Investment Income $1,747

Other Revenue $7,728

TOTAL REVENUE $13,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $785

Other Expenses $785

TOTAL EXPENSES $785

Year-over-Year Comparison

	2025	2024	Change
Revenue	$13,045	$22,972	-0.4%
Expenses	$785	$144	+4.5%
Net Income	$12,260	$22,828	-0.5%

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
PAT COLVILLE	DIRECTOR	N/A	Director	$0	$0	$0
STEVE FRELICH	DIRECTOR	N/A	Director	$0	$0	$0
CRAIG GLENDENNING	DIRECTOR	N/A	Director	$0	$0	$0
DAN HOLTHAUS	VICE PRESIDE	N/A	Director	$0	$0	$0
GARY JONGERIUS	DIRECTOR	N/A	Director	$0	$0	$0
SHELIA SCHMID	SECRETARY	N/A	Director	$0	$0	$0
PATRICIA GLENDENNING	PRESIDENT	N/A	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
2025	$13,045	$785	$104,456	$12,260
2024	$22,972	$144	$92,196	$22,828
2023	$6,063	$655	$69,368	$5,408
2022	$6,524	$440	$63,960	$6,084
2021	$7,678	$489	$57,876	$7,189
2020	$16,835	$395	$50,687	$16,440