GOOSE LAKE ASSOCIAITON ASHLEY SIMAT

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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

2023

Legal Domicile

Principal Officer

SPENCER RICHARDS

Phone

7632264302

Tax Period

2024-01-01 to 2024-12-31

GOOSE LAKE ASSOCIAITON ASHLEY SIMAT, founded in 2023, is a micro nonprofit in the Environment sector that reported $69K in total revenue in fiscal year 2024. The organization ran a surplus of $25K, a strong 37% operating margin.

Mission

PROTECTING AND IMPROVING THE WATER QUALITY, RECREATIONAL QUALITY, SPORT FISHING QUALITY AND WILDLIFE HABITAT OF THE GOOSE LAKE CHAIN OF LAKES, THROUGH ONGOING EDUCATION AND SPECIFIC MEMBERSHIP DRIVEN INITIATIVES"

Program Service Accomplishments

Program 1

Expenses: $43,370

THE MISSION OF THE GOOSE LAKE ASSOCIATION AIMS TO KEEP THE WATER USABLE FOR GENERATIONS TO COME. THE ASSOCIATION MEETS AT LEAST TWICE A YEAR TO REVIEW BUSINESS ITEMS THAT PERTAIN TO THE LAKES AND...

THE MISSION OF THE GOOSE LAKE ASSOCIATION AIMS TO KEEP THE WATER USABLE FOR GENERATIONS TO COME. THE ASSOCIATION MEETS AT LEAST TWICE A YEAR TO REVIEW BUSINESS ITEMS THAT PERTAIN TO THE LAKES AND KEEP THEM FLOURISHING.

Program 2

Expenses: $216

THE ORGANIZATION IS STRUCTURED EXCLUSIVELY FOR THE SCIENTIFIC PURPOSES OF MAINTAINING AND IMPROVING WATER QUALITY AND WILDLIFE HABITAT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR...

THE ORGANIZATION IS STRUCTURED EXCLUSIVELY FOR THE SCIENTIFIC PURPOSES OF MAINTAINING AND IMPROVING WATER QUALITY AND WILDLIFE HABITAT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.

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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 $55,010

Program Service Revenue $3,228

Investment Income $20

Other Revenue $10,729

TOTAL REVENUE $68,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,586

Other Expenses $43,586

TOTAL EXPENSES $43,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,987	N/A	N/A
Expenses	$43,586	N/A	N/A
Net Income	$25,401	N/A	N/A

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

N/A

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
CASSIE ADAMS	WEB ADMIN	N/A	Director	$0	$0	$0
JULIE BJORKLUND	BOARD MEMBER	N/A	Director	$0	$0	$0
MIRANDA DRYDAHL	SECRETARY	N/A	Director	$0	$0	$0
ANA PELTIER	BOARD MEMBER	N/A	Director	$0	$0	$0
SPENCER RICHARDS	PRESIDENT	N/A	Director	$0	$0	$0
TOM SAHLMEN	BOARD MEMBER	N/A	Director	$0	$0	$0
ASHLEY SIMAT	TREASURER	N/A	Director	$0	$0	$0
ROBERT THUM	VICE PRESIDE	N/A	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	$68,987	$43,586	$41,600	$25,401