FOREST LAKE ATHLETIC ASSOCIATION

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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

1950

Legal Domicile

Principal Officer

ALLAN HAUGE

Phone

6519822857

Tax Period

2023-01-01 to 2023-12-31

FOREST LAKE ATHLETIC ASSOCIATION, founded in 1950, is a small nonprofit in the Recreation & Sports sector that reported $869K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.0M exceeded revenue, resulting in a 16% operating deficit.

Mission

PRIMARY MISSIONS ARE TO PROVIDE SUPPORT AND EDUCATE YOUTH BASEBALL, SOFTBALL PASTPITCH, VOLLEYBALL, HOCKEY, FOOTBALL, BASKETBALL, AND LACROSSE PROGRAMS WITHIN THE AREA OF FOREST LAKE, MN, FOR BOYS AND GIRLS UNDER THE AGE OF 18. INSURANCE, FIELD MAINTENANCE, BUILDING MAINTENANCE, UNIFORMS, EQUIPMENT, CLINICS, UMPIRES, REFEREES, AND LEAGUE COSTS.

Program Service Accomplishments

Program 1

Expenses: $970,313 Revenue: $692,122

TO SUPPORT AND EDUCATE YOUTH WITHIN THE AREA OF FOREST LAKE IN ATHLETICS BY PROVIDING SPORT PROGRAMS.

Program 2

GAMBLING: THE FORMS OF GAMBLING CONDUCTED BY THE ORGANIZATION DURING THE YEAR ENDED 12/31/2023, INCLUDED PAPER PULL-TABS, PADDLETICKETS, NON-LINKED BINGO, TIPBOARDS, LINKED BINGO, ELECTRONIC...

GAMBLING: THE FORMS OF GAMBLING CONDUCTED BY THE ORGANIZATION DURING THE YEAR ENDED 12/31/2023, INCLUDED PAPER PULL-TABS, PADDLETICKETS, NON-LINKED BINGO, TIPBOARDS, LINKED BINGO, ELECTRONIC PULL-TABS, AND SPORTS-THEMED TIPBOARDS. REVENUE IN EXCESS OF ALLOWABLE EXPENSES GENERATED BY THE LAWFUL GAMBLING FUND WERE USED FOR LAWFUL PURPOSES AND BOARD APPROVED EXPENDITURES AS DEFINED BY MINNESOTA STATUTE. GROSS RECEIPTS FOR THE YEAR ENEDED 12/31/2023, WERE 16,881,290. TOTAL GAMING EXPENSES FOR THE YEAR ENDED 12/31/2023 WERE 16,900,862.

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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 $42,844

Program Service Revenue $691,038

Investment Income $2,609

Other Revenue $132,841

TOTAL REVENUE $869,332

Expense Breakdown

Grants Paid $42,674

Salaries & Benefits $40,186

Fundraising Expenses $0

Program Expenses $970,313

Other Expenses $922,314

TOTAL EXPENSES $1,005,174

Year-over-Year Comparison

	2023	2022	Change
Revenue	$869,332	$776,204	+0.1%
Expenses	$1,005,174	$958,749	+0.0%
Net Income	$-135,842	$-182,545	-0.3%

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

139

Volunteers

225

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

$143,025

Total Directors

$144,045

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA ARNTZEN	GAMBLING MAN	40.00	Officer Director	$76,387	$0	$76,387
ALLAN HAUGE	PRESIDENT	40.00	Officer Director	$47,192	$0	$47,192
CINDY WEISS	TREASURER	40.00	Officer Director	$19,446	$0	$19,446
AVERY BRUNJES	BOARD MEMBER	1.00	Director	$1,020	$0	$1,020
DUANE DITTBERNER	BOARD MEMBER	1.00	Director	$0	$0	$0
STACY ST GEORGE	BOARD MEMBER	1.00	Director	$0	$0	$0
LUKE HANEGRAAF	BOARD MEMBER	1.00	Director	$0	$0	$0
DAWN HUSTVEDT	BOARD MEMBER	1.00	Director	$0	$0	$0
BECKY JURKOVICH	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE KAPPELHOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL KOZAK	WEBMASTER/CO	2.00	Director	$0	$0	$0
MYRON PLAUTZ	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
RICH SOYE	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI TRYON	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANTHI WESTMAN	SECRETARY	5.00	Officer Director	$0	$0	$0
SUSAN YOUNG	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$869,332	$1,005,174	$735,582	$-135,842
2022	$776,204	$958,749	$806,060	$-182,545
2021	$1,397,985	$964,026	$982,770	$433,959
2020	$725,357	$794,610	$599,285	$-69,253
2019	$1,011,579	$984,374	$639,958	$27,205