Cutty's Okoboji Resort Club

EIN: 421186498

Spirit Lake, IA

Total Revenue
$2,807,130
Total Expenses
$2,606,683
Total Assets
$3,674,584
Net Assets
$2,601,750
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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
1982
Legal Domicile
IA
Principal Officer
Korey Meester
Phone
7123362226
Tax Period
2024-10-01 to 2025-09-30

Cutty's Okoboji Resort Club, founded in 1982, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Expenses of $2.6M left a modest 7% surplus.

Mission

Cuttys Okoboji Resort Club is committed to providing family recreation facilities for camping, crafts, sports and social activities for its members and guests.

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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 $0
Program Service Revenue $2,785,815
Investment Income $12,855
Other Revenue $8,460
TOTAL REVENUE $2,807,130

Expense Breakdown

Grants Paid $0
Salaries & Benefits $889,209
Fundraising Expenses $0
Other Expenses $1,717,474
TOTAL EXPENSES $2,606,683

Year-over-Year Comparison

2024 2023 Change
Revenue $2,807,130 $2,619,581 +0.1%
Expenses $2,606,683 $2,785,870 -0.1%
Net Income $200,447 $-166,289 -2.2%
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
7
Independent Members
7
Employees
56
Volunteers
25

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
6
$148,603
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Korey Meester President 1.00
Officer Director
$0 $0 $0
Bob Clark Vice President 1.00
Officer Director
$0 $0 $0
Marty Patterson Treasurer 1.00
Officer Director
$0 $0 $0
Matt Prunty Director 1.00
Director
$0 $0 $0
Danielle Rowland Secretary 1.00
Officer Director
$0 $0 $0
Mindy Spinks Director 1.00
Director
$0 $0 $0
Ken Woelber Director 1.00
Director
$0 $0 $0
Linda Seemann Business Office Manager 48.00
Officer
$75,619 $2,409 $78,028
Blake Feil General Manager 60.00
Officer
$70,575 $0 $70,575
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 $2,807,130 $2,606,683 $3,674,584 $200,447
2024 $2,619,581 $2,785,870 $3,497,579 $-166,289
2023 $2,525,793 $2,576,519 $3,597,820 $-50,726
2022 $2,428,211 $2,388,775 $3,588,714 $39,436
2021 $2,322,997 $2,322,091 $3,575,538 $906
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