ASSOCIATED CONTRACT LOGGERS & TRUCK

EIN: 411646810

ELY, MN

Total Revenue
$214,040
Total Expenses
$126,121
Total Assets
$143,292
Net Assets
$142,037
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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
1991
Legal Domicile
MN
Principal Officer
MIKE HILL
Tax Period
2021-01-01 to 2021-12-31

ASSOCIATED CONTRACT LOGGERS & TRUCK, founded in 1991, is a small nonprofit that reported $214K in total revenue in fiscal year 2021. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88K, a strong 41% operating margin.

Mission

PROMOTE LOGGING AND FORESTRY

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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 (2021)

Revenue Breakdown

Contributions & Grants $213,959
Program Service Revenue $0
Investment Income $81
Other Revenue $0
TOTAL REVENUE $214,040

Expense Breakdown

Grants Paid $143
Salaries & Benefits $55,756
Fundraising Expenses $0
Program Expenses $126,121
Other Expenses $70,222
TOTAL EXPENSES $126,121

Year-over-Year Comparison

2021 2020 Change
Revenue $214,040 $162,145 +0.3%
Expenses $126,121 $128,126 0.0%
Net Income $87,919 $34,019 +1.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
2
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
3
$0
Total Directors
0
$0
Key Employees
1
$23,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT DANE EXECUTIVE DIRECTOR 30.00
$43,125 $0 $43,125
MICHAEL FORSMAN EXECUTIVE DIRECTOR 30.00
Key Emp
$23,500 $0 $23,500
AARON NICKOLSON RASMUSSON SECRETARYTREASURER 1.00
Officer
$0 $0 $0
MIKE HILL PRESIDENT 5.00
Officer
$0 $0 $0
BEN LOBB VICE PRESIDENT 1.00
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
2021 $214,040 $126,121 $143,292 $87,919
2020 $162,145 $128,126 $55,654 $34,019
2019 $165,447 $135,328 $21,909 $30,119
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