Rush Lake Improvement Association Inc (EIN 411650406) - Form 990 Financial Analysis & Trantor Score

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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

1969

Legal Domicile

Principal Officer

Doug O'Brien

Phone

3203580867

Tax Period

2024-08-01 to 2025-07-31

Rush Lake Improvement Association Inc, founded in 1969, is a small nonprofit in the Environment sector that reported $252K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $137K, a strong 55% operating margin.

Mission

Improve and preserve the quality of Rush Lake and prevent the spread of harmful aquatic plants, fish, and chemicals in an effort to provide a healthy lake environment for the community and the

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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 $9,817

Program Service Revenue $20,983

Investment Income $12,859

Other Revenue $208,180

TOTAL REVENUE $251,839

Expense Breakdown

Grants Paid $19,750

Salaries & Benefits $3,000

Fundraising Expenses $0

Program Expenses $91,604

Other Expenses $91,785

TOTAL EXPENSES $114,535

Year-over-Year Comparison

	2024	2023	Change
Revenue	$251,839	$230,375	+0.1%
Expenses	$114,535	$250,892	-0.5%
Net Income	$137,304	$-20,517	-7.7%

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
Doug O'Brien	President	3.00	Officer	$0	$0	$0
Mike Anderson	Vice-President	3.00	Officer	$0	$0	$0
Sue Griffin	Secretary/Treasurer	3.00	Officer	$0	$0	$0
Brenda Green	Director	3.00	Director	$0	$0	$0
Dave Manders	Director	3.00	Director	$0	$0	$0
Bill Picha	Director	3.00	Director	$0	$0	$0
Gary Reilly	Director	3.00	Director	$0	$0	$0
Ron Rogosheske	Director	3.00	Director	$0	$0	$0
David Kern	Director	3.00	Director	$0	$0	$0
Greg Tschida	Director	3.00	Director	$0	$0	$0
Shaun Kane	Director	3.00	Director	$0	$0	$0
Pete Flom	Past President	3.00	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
2025	$251,839	$114,535	$738,290	$137,304
2024	$230,375	$250,892	$601,696	$-20,517
2023	$281,263	$151,299	$621,503	$129,964
2022	$253,963	$149,259	$491,539	$104,704
2021	$233,872	$232,989	$386,835	$883
2020	$186,229	$153,542	$401,852	$32,687
2019	$151,554	$116,272	$353,265	$35,282

Rush Lake Improvement Association Inc