POKEGAMA LAKE ASSOCIATION

EIN: 411516320 501(c)(3) Environment

PINE CITY, MN

Total Revenue
$218,503
Total Expenses
$130,006
Total Assets
$628,457
Net Assets
$624,813
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
MN
Principal Officer
JIM NIELSEN
Phone
6122097862
Tax Period
2024-01-01 to 2024-12-31

POKEGAMA LAKE ASSOCIATION, founded in 1960, is a small nonprofit in the Environment sector that reported $219K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88K, a strong 41% operating margin.

Mission

TO PROMOTE THE PROTECTION AND IMPROVEMENT OF POKEGAMA LAKE. TO EDUCATE LOCAL RESIDENTS AND STUDENTS ON LAKE ECOLOGY AND PRESERVATION.

Program Service Accomplishments

Program 1
Expenses: $114,827

TO PROTECT AND MAINTAIN CLEAN WATERS IN AND AROUND POKEGAMA LAKE. TO ASSIST THE DNR AND PCA FOR THE BENEFIT OF THE ENVIRONMENT. TO EDUCATE THE COMMUNITY IN LAKE ECOLOGY AND ENVIRONMENTAL PRESERVATION.

Program 2

GAMBLING: THE FORMS OF GAMBLING CONDUCTED BY THE ORGANIZATION DURING THE YEAR ENDED 12/31/2024, INCLUDED PAPER PULL-TABS, NON-LINKED BINGO, PADDLETICKETS, TIPBOARDS, SPORTS-THEMED TIPBOARDS...

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GAMBLING: THE FORMS OF GAMBLING CONDUCTED BY THE ORGANIZATION DURING THE YEAR ENDED 12/31/2024, INCLUDED PAPER PULL-TABS, NON-LINKED BINGO, PADDLETICKETS, TIPBOARDS, SPORTS-THEMED TIPBOARDS, ELECTRONIC PULL-TABS, AND LINKED BINGO. REVENUE IN EXCESS OF ALLOWABLE EXPENSES GENERATED BY THE LAWFUL GAMBLING FUND WERE USED FOR LAWFUL PURPOSES AND BOARD APPROVED EXPENDITURES AS DEFINED BY MINNESOTA STATUTE. GROSS RECEIPTS FOR THE YEAR ENEDED 12/31/2024 WERE 5,232,174 TOTAL GAMING EXPENSES FOR THE YEAR ENDED 12/31/2024 WERE 5,226,734.

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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 (2024)

Revenue Breakdown

Contributions & Grants $84,062
Program Service Revenue $2,072
Investment Income $11,495
Other Revenue $120,874
TOTAL REVENUE $218,503

Expense Breakdown

Grants Paid $59,600
Salaries & Benefits $5,851
Fundraising Expenses $0
Program Expenses $114,827
Other Expenses $64,555
TOTAL EXPENSES $130,006

Year-over-Year Comparison

2024 2023 Change
Revenue $218,503 $150,795 +0.4%
Expenses $130,006 $100,824 +0.3%
Net Income $88,497 $49,971 +0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
7
Employees
13
Volunteers
50

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
6
$5,400
Total Directors
12
$5,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM NIELSEN PRESIDENT 2.00
Officer Director
$0 $0 $0
SCOTT WASTE PRESIDENT 2.00
Officer Director
$0 $0 $0
MARIETTA JACOBSON PRESIDENT 2.00
Officer Director
$0 $0 $0
STACEY BOLTON VICE PRESIDE 1.00
Officer Director
$0 $0 $0
JILL JAKUSZ VICE PRESIDE 1.00
Director
$0 $0 $0
KATHY NIELSEN SECRETARY 3.00
Officer Director
$2,700 $0 $2,700
ROBERTA EICH TREASURER 3.50
Officer Director
$2,700 $0 $2,700
SUSAN KUBITSCHEK DIRECTOR AT 1.00
Director
$0 $0 $0
TODD GREICAR DIRECTOR AT 1.00
Director
$0 $0 $0
LURANNE MCLEAN DIRECTOR AT 1.00
Director
$0 $0 $0
TOM RICE DIRECTOR AT 1.00
Director
$0 $0 $0
JIM HOLLIHAN DIRECTOR AT 1.00
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 $218,503 $130,006 $628,457 $88,497
2023 $150,795 $100,824 $538,084 $49,971
2022 $114,578 $123,192 $488,757 $-8,614
2021 $143,494 $55,705 $495,048 $87,789
2020 $11,068 $31,633 $407,245 $-20,565
2018 $58,631 $72,414 $392,578 $-13,783
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