Long Lake Homeowners Assn

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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

1985

Legal Domicile

Principal Officer

Carlo Roam

Phone

3204682568

Tax Period

2023-01-01 to 2023-12-31

Long Lake Homeowners Assn, founded in 1985, is a micro nonprofit in the Environment sector that reported $22K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $21K left a modest 6% surplus.

Mission

Environmental Care in and around Long Lake,Morrison and Crow Wing Counties, Minnesota

Program Service Accomplishments

Program 1

Expenses: $16,618 Revenue: $0

The primary purpose is to improve the environment in and around Long Lake located in Morrison and Crow Wing Counties, MN. This years projects included water quality monitoring, weed control and fish...

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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 $24,288

Program Service Revenue $0

Investment Income $42

Other Revenue $-2,043

TOTAL REVENUE $22,287

Expense Breakdown

Grants Paid $443

Salaries & Benefits $13,018

Fundraising Expenses $0

Program Expenses $16,618

Other Expenses $7,559

TOTAL EXPENSES $21,020

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,287	$15,528	+0.4%
Expenses	$21,020	$24,955	-0.2%
Net Income	$1,267	$-9,427	-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

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

$11,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carlo Roam	Pres.	2.00	Officer	$5,500	$0	$5,500
Kathy Hanson	Secy-Treas	2.00	Officer	$5,500	$0	$5,500
Robert Wirth	V.P.	0.00	Director	$0	$0	$0
Delroy Dehler	Director	0.00	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	No data	No data	No data	No data
2023	$22,287	$21,020	$43,794	$1,267
2022	$15,528	$24,955	$43,072	$-9,427
2021	$27,730	$23,285	$50,112	$4,445
2020	$17,185	$21,817	$45,448	$-4,632