RATHBUN LAKE RESORT INC (EIN 421514538) - 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

1990

Legal Domicile

Principal Officer

KEVIN KNESS

Phone

6417991493

Tax Period

2021-01-01 to 2021-12-31

RATHBUN LAKE RESORT INC, founded in 1990, is a micro nonprofit that reported $87K in total revenue in fiscal year 2021. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $70K, a strong 80% operating margin.

Mission

TO PROMOTE AND DEVELOP ECONOMIC GROWTH IN THE RATHBUN LAKE IMPACT AREA, IMPROVING THE VIABILITY AND LIVABILITY OF THE FOUR COUNTIES OF APPANOOSE, LUCAS, MONROE, AND WAYNE IN THE STATE OF IOWA.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $13

Other Revenue $87,111

TOTAL REVENUE $87,124

Expense Breakdown

Grants Paid $14,386

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,929

Other Expenses $3,043

TOTAL EXPENSES $17,429

Year-over-Year Comparison

	2021	2020	Change
Revenue	$87,124	$155,742	-0.4%
Expenses	$17,429	$8,509	+1.0%
Net Income	$69,695	$147,233	-0.5%

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

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
KEVIN KNESS	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROL BRADLEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CATHERINE BAY	TREASURER	1.00	Officer Director	$0	$0	$0
RAY DAVIS	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN GLENN	DIRECTOR	0.50	Director	$0	$0	$0
JOHN MILES	DIRECTOR	0.50	Director	$0	$0	$0
ANN HAMILTON	DIRECTOR	0.50	Director	$0	$0	$0
JIM LINDENMAYER	DIRECTOR	0.50	Director	$0	$0	$0
JOHN HAMILTON	DIRECTOR	0.50	Director	$0	$0	$0
DEAN KASTER	DIRECTOR	0.50	Director	$0	$0	$0
MARLENE SPROUSE	DIRECTOR	0.50	Director	$0	$0	$0
JEFF YOUNG	DIRECTOR	0.50	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
2021	$87,124	$17,429	No data	$69,695
2020	$155,742	$8,509	$130,416	$147,233
2019	$193,690	$13,857	$155,200	$179,833
2018	$202,534	$69,272	$140,970	$133,262

RATHBUN LAKE RESORT INC