LAKE WASHINGTON IMPROVEMENT ASSOCI… - 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

1976

Legal Domicile

Principal Officer

JASON FEMRITE

Phone

5073404190

Tax Period

2023-07-01 to 2024-06-30

LAKE WASHINGTON IMPROVEMENT ASSOCIATION INC, founded in 1976, is a small nonprofit that reported $105K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $144K exceeded revenue, resulting in a 38% operating deficit.

Mission

MAINTAIN AND IMPROVE THE WATER QUALITY OF LAKE WASHINGTON.

Program Service Accomplishments

Program 1

Expenses: $140,249

TO CONTROL AQUATIC INVASIVE SPECIES IN THE LAKE.

Program 2

LAWFUL PURPOSE DONATIONS AS AUTHORIZED BY MN STATUTES AS REPORTED ON SCHEDULE G OF 101,500.

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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 $83,968

Program Service Revenue $0

Investment Income $10,399

Other Revenue $10,526

TOTAL REVENUE $104,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,249

Other Expenses $144,368

TOTAL EXPENSES $144,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,893	$72,108	+0.5%
Expenses	$144,368	$86,508	+0.7%
Net Income	$-39,475	$-14,400	+1.7%

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

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
JASON FEMRITE	PRESIDENT	1.00	Officer	$0	$0	$0
CHUCK BRANDEL	VICE PRESIDE	1.00	Officer	$0	$0	$0
JIM FOLDEN	SECRETARY	1.00	Officer	$0	$0	$0
GARY GAVIN	TREASURER	1.00	Officer	$0	$0	$0
NICKI VEITH	DIRECTOR	1.00	Director	$0	$0	$0
KIM SCHMALZRIEDT	DIRECTOR	1.00	Director	$0	$0	$0
JOE PRYBYLLA	DIRECTOR	1.00	Director	$0	$0	$0
SPENSER BRADLEY	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL SCHMITZ	DIRECTOR	1.00	Director	$0	$0	$0
JERRY LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
GREG GERMSCHEID	DIRECTOR	1.00	Director	$0	$0	$0
DAN SACHAU	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA HENNEK	DIRECTOR	1.00	Director	$0	$0	$0
ZACHARY JASPER	DIRECTOR	1.00	Director	$0	$0	$0
HARLON MEHLHOP	DIRECTOR AT	1.00	Director	$0	$0	$0
KENT REEVES	DIRECTOR AT	1.00	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
2025	No data	No data	No data	No data
2024	$104,893	$144,368	$293,166	$-39,475
2023	$72,108	$86,508	$334,048	$-14,400
2022	$56,849	$97,882	$346,880	$-41,033
2021	$305,062	$335,590	$389,332	$-30,528
2020	$183,528	$152,446	$418,449	$31,082
2019	$201,984	$151,401	$387,520	$50,583

LAKE WASHINGTON IMPROVEMENT ASSOCIATION INC