LAKES AREA FOOD SHELF (EIN 411715784) - 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

DALE CARLSON

Phone

2185688474

Tax Period

2024-01-01 to 2024-12-31

LAKES AREA FOOD SHELF, founded in 1991, is a small nonprofit in the Human Services sector that reported $834K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $272K, a strong 33% operating margin.

Mission

TO SERVE AS A TRUSTED COMMUNITY RESOURCE BY HELPING OUR FRIENDS AND NEIGHBORS BECOME HUNGER FREE AND OBTAIN A HEALTHY LIFESTYLE.

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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 $817,653

Program Service Revenue $0

Investment Income $18,400

Other Revenue $-2,526

TOTAL REVENUE $833,527

Expense Breakdown

Grants Paid $149,836

Salaries & Benefits $79,874

Fundraising Expenses $19,158

Program Expenses $492,759

Other Expenses $331,914

TOTAL EXPENSES $561,624

Year-over-Year Comparison

	2024	2023	Change
Revenue	$833,527	$967,147	-0.1%
Expenses	$561,624	$520,124	+0.1%
Net Income	$271,903	$447,023	-0.4%

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

$69,398

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM MOORE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DALE CARLSON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEAN KRAFT	SECRETARY	1.00	Officer Director	$0	$0	$0
LOU FRILLMAN	TREASURER	1.00	Officer Director	$0	$0	$0
MARK CASEY	DIRECTOR	1.00	Director	$0	$0	$0
DR JEREMIAH EISENSCHENK	DIRECTOR	1.00	Director	$0	$0	$0
ABBIE HOELSCHER	DIRECTOR	1.00	Director	$0	$0	$0
KEN MADDUX	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR JENNIFER MATTHEES	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
KIP SANDOZ	DIRECTOR	1.00	Director	$0	$0	$0
JESSE ZAHN	DIRECTOR	1.00	Director	$0	$0	$0
TAMARA LARSEN	EXECUTIVE DIRECTOR	40.00	Officer	$62,662	$6,736	$69,398

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
2024	$833,527	$561,624	$1,596,313	$271,903
2023	$967,147	$520,124	$1,325,364	$447,023
2022	$614,518	$362,236	$872,256	$252,282
2021	$374,159	$232,756	$621,007	$141,403
2020	$383,356	$194,242	$478,571	$189,114

LAKES AREA FOOD SHELF