Lake Minnetonka Association (EIN 411878169) - 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

1997

Legal Domicile

Principal Officer

Lee Harren

Phone

6128758767

Tax Period

2023-01-01 to 2023-12-31

Lake Minnetonka Association, founded in 1997, is a small nonprofit in the Environment sector that reported $267K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $253K left a modest 5% surplus.

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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 $257,909

Program Service Revenue $0

Investment Income $70

Other Revenue $9,153

TOTAL REVENUE $267,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $213,980

Other Expenses $252,808

TOTAL EXPENSES $252,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$267,132	$366,600	-0.3%
Expenses	$252,808	$313,265	-0.2%
Net Income	$14,324	$53,335	-0.7%

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

N/A

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
Josh Leddy	Director	002.00	Director	$0	$0	$0
Denise Westman	Driector	002.00	Director	$0	$0	$0
Amanda Walsh	Director	002.00	Director	$0	$0	$0
Terry Bryce	Director	002.00	Director	$0	$0	$0
Judd Brackett	Director, Vice President	002.00	Officer Director	$0	$0	$0
Lee Harren	Director, Secretary Treasurer	012.00	Officer Director	$0	$0	$0
Tom Frahm	Director, President	004.00	Officer Director	$0	$0	$0
Rob Roy	Director	002.00	Director	$0	$0	$0
Jim Paul	Director	002.00	Director	$0	$0	$0
Wells Brose	Director	002.00	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	$267,132	$252,808	$423,812	$14,324
2022	$366,600	$313,265	$409,888	$53,335
2021	$303,886	$202,618	$357,053	$101,268
2020	$218,099	$110,147	$255,285	$107,952
2019	$203,077	$185,994	$149,133	$17,083
2018	$219,358	$169,187	$132,664	$50,171

Lake Minnetonka Association