Clear Lake Senior Citizens Club

EIN: 421200173

Clear Lake, IA

Total Revenue
$313,215
Total Expenses
$10,607
Total Assets
$319,896
Net Assets
$319,896
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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
1971
Legal Domicile
IA
Principal Officer
Jon Matson
Phone
6414250633
Tax Period
2021-01-01 to 2021-12-31

Clear Lake Senior Citizens Club, founded in 1971, is a small nonprofit that reported $313K in total revenue in fiscal year 2021. The organization ran a surplus of $303K, a strong 97% operating margin.

Mission

To provide a building and meeting place, programs,and service for the elderly population of the surrounding area.

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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 (2021)

Revenue Breakdown

Contributions & Grants $5,663
Program Service Revenue $0
Investment Income $301,842
Other Revenue $5,710
TOTAL REVENUE $313,215

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,607
Other Expenses $10,607
TOTAL EXPENSES $10,607

Year-over-Year Comparison

2021 2020 Change
Revenue $313,215 N/A N/A
Expenses $10,607 N/A N/A
Net Income $302,608 N/A N/A
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
6
Independent Members
6
Employees
5
Volunteers
20

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jon Matson President 15.00
Officer
$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
2021 $313,215 $10,607 $319,896 $302,608
2020 $23,055 $37,181 $17,288 $-14,126
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