CHISAGO LAKES AREA RECREATION ASSO… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

JAMES WEST

Phone

6512571469

Tax Period

2023-01-01 to 2023-12-31

CHISAGO LAKES AREA RECREATION ASSOCIATION, founded in 1973, is a small nonprofit in the Youth Development sector that reported $313K in total revenue in fiscal year 2023. Expenses of $284K left a modest 9% surplus.

Mission

COMMUNITY YOUTH SPORTS ORGANIZATION

Program Service Accomplishments

Program 1

Expenses: $284,397 Revenue: $308,847

The organization has provided youth training, and interaction in various sports programs for boys and girls under the age of 18 years. This includes training, equipment, referees, etc.

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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 $3,954

Program Service Revenue $308,152

Investment Income $695

Other Revenue $0

TOTAL REVENUE $312,801

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $284,397

Other Expenses $279,397

TOTAL EXPENSES $284,397

Year-over-Year Comparison

	2023	2022	Change
Revenue	$312,801	$302,305	+0.0%
Expenses	$284,397	$292,220	0.0%
Net Income	$28,404	$10,085	+1.8%

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

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

180

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

$1,474

Total Directors

$3,589

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES WEST	PRESIDENT	5.00	Officer	$0	$0	$0
LESLIE SCHRUL	VICE PRESIDENT	3.00	Officer	$0	$0	$0
CINDY FARRELL	TREASURER	5.00	Officer	$300	$0	$300
AMANDA FARRELL	SECRETARY	1.00	Officer	$0	$0	$0
CORY LINDGREN	GAMING MANAGER	20.00	Officer	$890	$0	$890
BRIAN MARQUARDT	T-BALL/FLAG FOOTBALL	3.00	Director	$1,610	$0	$1,610
JOE BJELLAND	BASKETBALL/WEBMASTER	3.00	Director	$0	$0	$0
JON WROLSTAD	SOCCER	3.00	Director	$0	$0	$0
ALEX TURK	TRAVELING BASEBALL	3.00	Director	$895	$0	$895
NICOLE LARSEN	VOLLEYBALL	3.00	Officer Director	$284	$0	$284
TONY WALKER	BASEBALL	3.00	Director	$0	$0	$0
MALLORY HOLLMEN	TRAVELING VOLLEYBALL	3.00	Director	$0	$0	$0
PETER LAWRENCE	BASEBALL	3.00	Director	$800	$0	$800
PETER LEADHOLM	TRAVELING BASKETBALL	3.00	Director	$0	$0	$0
JAY BROWN	BOARD MEMBER AT LARGE	3.00	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
2023	$312,801	$284,397	$418,555	$28,404
2022	$302,305	$292,220	$392,094	$10,085
2021	$240,037	$152,984	$379,098	$87,053
2020	$86,446	$84,167	$292,045	$2,279

CHISAGO LAKES AREA RECREATION ASSOCIATION