Upper Red Lake Area Association

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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

1977

Legal Domicile

Principal Officer

Robyn Dwight

Phone

2187661597

Tax Period

2023-07-01 to 2024-06-30

Upper Red Lake Area Association, founded in 1977, is a micro nonprofit that reported $93K in total revenue in fiscal year 2023. Revenue surged 498% from the prior year, signaling strong growth momentum. The organization ran a surplus of $29K, a strong 31% operating margin.

Mission

To promote and enhance the Upper Red Lake Area.

Program Service Accomplishments

Program 1

Expenses: $63,842 Revenue: $0

As needed, we pay for fish traps which will be used to help improve the fish population. Improved fish populations will draw more tourist/fishermen. We also maintain a website and prepare a...

As needed, we pay for fish traps which will be used to help improve the fish population. Improved fish populations will draw more tourist/fishermen. We also maintain a website and prepare a newsletter which helps promote the area businesses and community events.

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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 $77,493

Program Service Revenue $0

Investment Income $409

Other Revenue $14,791

TOTAL REVENUE $92,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,842

Other Expenses $63,842

TOTAL EXPENSES $63,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,693	$15,512	+5.0%
Expenses	$63,842	$8,708	+6.3%
Net Income	$28,851	$6,804	+3.2%

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
Robyn Dwight	President	5.00	Director	$0	$0	$0
Todd Mortenson	Vice President	5.00	Director	$0	$0	$0
Elizabeth Mohs	Secretary	5.00	Director	$0	$0	$0
Kellie Halverson	Treasurer	5.00	Director	$0	$0	$0
Tim Waldo	Director	5.00	Director	$0	$0	$0
Jon Petrowske	Director	5.00	Director	$0	$0	$0
Kevin Waldo	Director	5.00	Director	$0	$0	$0
Joan Bohne	Director	5.00	Director	$0	$0	$0
Patricia Petrowske	Director	5.00	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	$92,693	$63,842	$108,173	$28,851
2023	$15,512	$8,708	$79,322	$6,804
2021	$15,421	$185	$65,809	$15,236
2020	$2,111	$1,363	$50,245	$748
2019	$606	$2,682	$48,844	$-2,076