HOYT LAKES WATER CARNIVAL COMMITTEE (EIN 411686048) - 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

1991

Legal Domicile

Principal Officer

CONNOR MICHELS

Phone

2189961143

Tax Period

2025-01-01 to 2025-12-31

HOYT LAKES WATER CARNIVAL COMMITTEE, founded in 1991, is a small nonprofit that reported $174K in total revenue in fiscal year 2025. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $202K exceeded revenue, resulting in a 16% operating deficit.

Mission

SOCIAL/RECREATIONAL ACTIVITIES FOR COMMUNITY

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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 (2025)

Revenue Breakdown

Contributions & Grants $26,900

Program Service Revenue $91,505

Investment Income $617

Other Revenue $54,990

TOTAL REVENUE $174,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,086

Other Expenses $202,334

TOTAL EXPENSES $202,334

Year-over-Year Comparison

	2025	2024	Change
Revenue	$174,012	$101,056	+0.7%
Expenses	$202,334	$114,431	+0.8%
Net Income	$-28,322	$-13,375	+1.1%

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

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
DAN DARBO	PRESIDENT	2.00	Officer	$0	$0	$0
NIKKI SWANSON	VICE PRESIDENT	2.00	Officer	$0	$0	$0
EMMA THORNBLOOM	SECRETARY	2.00	Officer	$0	$0	$0
CONNOR MICHELS	TREASURER	2.00	Officer	$0	$0	$0
BRAD CARLSON	DIRECTOR	2.00		$0	$0	$0
STEVE SCHEURING	DIRECTOR	2.00		$0	$0	$0
GARRETT MIRAU	DIRECTOR	2.00		$0	$0	$0
LUKE NIKUNEN	DIRECTOR	2.00		$0	$0	$0
VIKKI BJERKE	DIRECTOR	2.00		$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	$174,012	$202,334	$52,115	$-28,322

HOYT LAKES WATER CARNIVAL COMMITTEE