Vets Club of Lairmore Inc

EIN: 450218149 Mutual Benefit

Larimore, ND

Total Revenue
$53,607
Total Expenses
$76,520
Total Assets
$35,467
Net Assets
$35,467
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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
1981
Legal Domicile
ND
Principal Officer
Clifford Ludwig
Phone
7012135846
Tax Period
2025-01-01 to 2025-12-31

Vets Club of Lairmore Inc, founded in 1981, is a micro nonprofit in the Mutual Benefit sector that reported $54K in total revenue in fiscal year 2025. Expenses of $77K exceeded revenue, resulting in a 43% operating deficit.

Mission

Provide a meeting place and services to veterans along with a charitable are to help out community

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $53,607
TOTAL REVENUE $53,607

Expense Breakdown

Grants Paid $58,956
Salaries & Benefits $10,389
Fundraising Expenses $0
Program Expenses $791,633
Other Expenses $7,175
TOTAL EXPENSES $76,520

Year-over-Year Comparison

2025 2024 Change
Revenue $53,607 $53,868 0.0%
Expenses $76,520 $54,214 +0.4%
Net Income $-22,913 $-346 +65.2%
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
4
Independent Members
N/A
Employees
1
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joel Ressler President 005.00
Officer Director
$0 $0 $0
Leslie Canarr V. President 005.00
Officer Director
$0 $0 $0
Clifford Ludwig Treasurer 010.00
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 $53,607 $76,520 $35,467 $-22,913
2024 $53,868 $54,214 $58,380 $-346
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