Ten Mile Lake Association Inc (EIN 416038106) - 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

1952

Legal Domicile

Principal Officer

Roxy Moon

Phone

5075324606

Tax Period

2024-01-01 to 2024-12-31

Ten Mile Lake Association Inc, founded in 1952, is a small nonprofit that reported $280K in total revenue in fiscal year 2024. Revenue surged 156% from the prior year, signaling strong growth momentum. The organization ran a surplus of $140K, a strong 50% operating margin.

Mission

Preservation of Ten Mile Lake located in Cass County Minnesota by maitenance of water quality and prevention of invasive species.

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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 (2024)

Revenue Breakdown

Contributions & Grants $77,530

Program Service Revenue $4,717

Investment Income $38,789

Other Revenue $159,300

TOTAL REVENUE $280,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $140,651

TOTAL EXPENSES $140,651

Year-over-Year Comparison

	2024	2023	Change
Revenue	$280,336	$109,381	+1.6%
Expenses	$140,651	$77,098	+0.8%
Net Income	$139,685	$32,283	+3.3%

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

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
Adrew Biebl	President	005.00	Officer Director	$0	$0	$0
Erin Adams	Vice-President	005.00	Officer Director	$0	$0	$0
Roxy Moon	Treasurer	005.00	Officer Director	$0	$0	$0
Vacant	Secretary	N/A	Officer Director	$0	$0	$0
N/A	Ex-offcio	000.50	Officer Director	$0	$0	$0
Annie Swanstrom	Director	000.50	Director	$0	$0	$0
Anne McGill	Director	000.50	Director	$0	$0	$0
Sarah Nordlund	Director	000.50	Director	$0	$0	$0
Susan Paulson	Director	000.50	Director	$0	$0	$0
Vacant	Director	N/A	Director	$0	$0	$0
Allison Hackenmiller	Director	000.50	Director	$0	$0	$0
Gary Anderson	Director	000.50	Director	$0	$0	$0
Mimi Carlson	Director	000.50	Director	$0	$0	$0
Bruce Carlson	Director	000.50	Director	$0	$0	$0
Steve Adams	Director	000.50	Director	$0	$0	$0
Sheryl DuSharme	Director	000.50	Director	$0	$0	$0
Steve Erickson	Director	000.50	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	$280,336	$140,651	$1,398,768	$139,685
2023	$109,381	$77,098	$1,259,083	$32,283
2022	$49,085	$46,992	$1,226,800	$2,093
2021	$59,653	$22,151	$1,224,707	$37,502
2020	$49,983	$90,075	$1,187,205	$-40,092

Ten Mile Lake Association Inc