LAKES AREA HUMANE SOCIETY INC

EIN: 411669372 501(c)(3) Animal-Related

ALEXANDRIA, MN

Total Revenue
$359,779
Total Expenses
$300,796
Total Assets
$1,494,404
Net Assets
$1,493,438
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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
1989
Legal Domicile
MN
Principal Officer
MISTY TRACY
Phone
3207592260
Tax Period
2024-01-01 to 2024-12-31

LAKES AREA HUMANE SOCIETY INC, founded in 1989, is a small nonprofit in the Animal-Related sector that reported $360K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 16% operating margin.

Mission

THE LAKES AREA HUMANE SOCIETY IS A VOLUNTARY MEMBERSHIP ORGANIZATION OF BUSINESSES AND INDIVIDUALS WHO HAVE FORMED AN ALLIANCE FOR THE PURPOSE OF PROMOTING RESPONSIBLE PET CARE AND TO PROVIDE A SAFE AND SHELTERING ENVIRONMENT FOR LOST AND ABANDONED PETS IN ALEXANDRIA AND SURROUNDING COMMUNITIES.THE LAKES AREA HUMANE SOCIETY BELIEVES THAT THE QUALITY OF LIFE FOR PETS AND THEIR HUMANS IS DIRECTLY RELATED TO THE CALIBER OF WORK THAT IS DONE BY THE ORGANIZATION. THUS, THE HUMANE SOCIETY HAS A DIRECT AND MAJOR IMPACT ON HOW PETS AND PEOPLE INTERACT IN THE ALEXANDRIA AND SURROUNDING AREAS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $178,947
Program Service Revenue $119,051
Investment Income $67,046
Other Revenue $-5,265
TOTAL REVENUE $359,779

Expense Breakdown

Grants Paid $0
Salaries & Benefits $206,279
Fundraising Expenses $0
Program Expenses $266,175
Other Expenses $94,517
TOTAL EXPENSES $300,796

Year-over-Year Comparison

2024 2023 Change
Revenue $359,779 $256,403 +0.4%
Expenses $300,796 $290,476 +0.0%
Net Income $58,983 $-34,073 -2.7%
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

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Governance

Voting Members
7
Independent Members
7
Employees
15
Volunteers
174

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
5
$65,553
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MISTY TRACY PRESIDENT 2.00
Officer Director
$0 $0 $0
BRIAN KAKACH VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
BOB BORDEAUX TREASURER 4.00
Officer Director
$0 $0 $0
JAMIE KAKACH SECRETARY 2.00
Officer Director
$0 $0 $0
REBECCA DEHART DIRECTOR 2.00
Director
$0 $0 $0
JESS PTACEK DIRECTOR 2.00
Director
$0 $0 $0
SAM EVENSON DIRECTOR 2.00
Director
$0 $0 $0
CHRISTIN KLIMEK EXECUTIVE DIRECTOR 40.00
Officer
$65,553 $0 $65,553
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 $359,779 $300,796 $1,494,404 $58,983
2023 $256,403 $290,476 $1,435,133 $-34,073
2022 $201,760 $267,889 $1,469,058 $-66,129
2021 $256,553 $257,559 $1,535,192 $-1,006
2020 $212,860 $239,548 $1,536,180 $-26,688
2019 $1,200,972 $240,047 $1,562,898 $960,925
2018 $218,809 $246,239 $602,381 $-27,430
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