BORDER LAKES ASSOCIATION INC (EIN 416030837) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

JERRY POHLMAN

Phone

2182838148

Tax Period

2024-09-01 to 2025-08-31

BORDER LAKES ASSOCIATION INC, founded in 1956, is a micro nonprofit that reported $18K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5K, a strong 28% operating margin.

Mission

MONITOR WATER LEVELS AND CONDUCT MEETINGS WITH STAKEHOLDERS TO MONITOR ACTIVITIES AFFECTING WATER LEVELS AND WATER QUALITY WITHIN THE RAINY LAKE WATERSHED LOCATED IN NORTHERN MINNESOTA

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22

Program Service Revenue $50

Investment Income $17,429

Other Revenue $0

TOTAL REVENUE $17,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,561

Other Expenses $12,561

TOTAL EXPENSES $12,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,501	$10,718	+0.6%
Expenses	$12,561	$10,841	+0.2%
Net Income	$4,940	$-123	-41.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
JERRY POHLMAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOHN CARLSON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
THOR EINARSON	TREASURER	N/A	Officer Director	$0	$0	$0
CHARLES HELLELOID	ALTERNATE TR	N/A	Officer Director	$0	$0	$0
EMMA SCOTT	DIRECTOR	N/A	Director	$0	$0	$0
LARRY KEC	DIRECTOR	N/A	Director	$0	$0	$0
ROD BERGSTROM	DIRECTOR	N/A	Director	$0	$0	$0
JACK HENRIKSEN	DIRECTOR	N/A	Director	$0	$0	$0
JIM JANSSEN	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS DOUGHERTY	DIRECTOR	N/A	Director	$0	$0	$0
MIKE WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
RONNA MACKAY	DIRECTOR	N/A	Director	$0	$0	$0
RAY INGEBRETSEN	DIRECTCOR	N/A	Director	$0	$0	$0
RANDY POZNIAK CPA	EXECUTIVE SE	N/A	Officer 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	$17,501	$12,561	$306,432	$4,940
2024	$10,718	$10,841	$292,083	$-123
2023	$12,634	$13,016	$245,483	$-382
2022	$14,184	$14,155	$237,166	$29
2021	$10,719	$14,152	$263,367	$-3,433

BORDER LAKES ASSOCIATION INC