DEER LAKE ASSOCIATION OF ITASCA COUNTY

EIN: 411853300 501(c)(3) Environment

MINNEAPOLIS, MN

Total Revenue
$203,214
Total Expenses
$73,795
Total Assets
$1,083,315
Net Assets
$1,083,315
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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
1996
Legal Domicile
MN
Principal Officer
JEFF JOHNSTON
Phone
9522329567
Tax Period
2024-01-01 to 2024-12-31

DEER LAKE ASSOCIATION OF ITASCA COUNTY, founded in 1996, is a small nonprofit in the Environment sector that reported $203K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 64% operating margin.

Mission

THE DEER LAKE ASSOCIATION (DLA) IS AN ALL VOLUNTEER ORGANIZATION SERVING AS STEWARD FOR DEER LAKE, A PUBLIC WATER BODY OWNED BY THE PEOPLE OF MINNESOTA. DLA IS ORGANIZED PRIMARILY TO CONSERVE AND IMPROVE DEER LAKE QUALITY. TO ACHIEVE THIS MISSION, DLA IMPLEMENTS WATER QUALITY AND OTHER INITIATIVES FOR AND WITH THE BROADER DEER LAKE COMMUNITY - INCLUDING ALL WHO USE DEER LAKE, DEPEND ON DEER LAKE, OR WHOSE ACTIONS AFFECT DEER LAKE. DLA ALSO BUILDS COMMUNITY BY PROVIDING RELATED CHARITABLE SERVICE, EDUCATIONAL AND SOCIAL ACTIVITIES FOR OUR MEMBERS AND SURROUNDING AREA RESIDENTS.

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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 $165,986
Program Service Revenue $4,000
Investment Income $29,723
Other Revenue $3,505
TOTAL REVENUE $203,214

Expense Breakdown

Grants Paid $1,225
Salaries & Benefits $0
Fundraising Expenses $106
Program Expenses $58,916
Other Expenses $72,570
TOTAL EXPENSES $73,795

Year-over-Year Comparison

2024 2023 Change
Revenue $203,214 $125,876 +0.6%
Expenses $73,795 $113,574 -0.4%
Net Income $129,419 $12,302 +9.5%
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
10
Independent Members
10
Employees
N/A
Volunteers
50

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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF JOHNSTON PRESIDENT 1.00
Officer Director
$0 $0 $0
MARC FULLER TREASURER 1.00
Officer Director
$0 $0 $0
DAVE FREEHAUF SECRETARY 1.00
Officer Director
$0 $0 $0
BETH RIESGRAF-WYMAN BOARD MEMBER 1.00
Director
$0 $0 $0
REBECCA ARONS BOARD MEMBER 1.00
Director
$0 $0 $0
ELISE WIDEN BOARD MEMBER 1.00
Director
$0 $0 $0
JACK JONES BOARD MEMBER 1.00
Director
$0 $0 $0
NICHOLAS BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL LUSSENHOP BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL ASKEGAARD 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 $203,214 $73,795 $1,083,315 $129,419
2023 $125,876 $113,574 $836,800 $12,302
2022 $115,684 $71,441 $687,534 $44,243
2021 $308,782 $62,390 $731,474 $246,392
2020 $130,632 $34,454 $459,489 $96,178
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