LAMOURE COMMUNITY DEVELOPMENT CORPO

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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

1967

Legal Domicile

Principal Officer

BRAD NOGOSEK

Phone

7018835396

Tax Period

2024-07-01 to 2025-06-30

LAMOURE COMMUNITY DEVELOPMENT CORPO, founded in 1967, is a small nonprofit that reported $169K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $154K left a modest 9% surplus.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $117,369

THE ORGANIZATION HAS PROVIDED GRANTS OR LOW INTEREST LOANS TO ASSIST WITHECONOMIC DEVELOPMENT IN THE COMMUNITY. DURING FISCAL YEAR 2024,THE ORGANIZATION PROVIDED ZERO INTEREST LOANS TO THE HAPPY...

THE ORGANIZATION HAS PROVIDED GRANTS OR LOW INTEREST LOANS TO ASSIST WITHECONOMIC DEVELOPMENT IN THE COMMUNITY. DURING FISCAL YEAR 2024,THE ORGANIZATION PROVIDED ZERO INTEREST LOANS TO THE HAPPY SENIORS CLUB AND MEMORIAL PARK COUNTRY CLUB. THE ORGANIZATION PROMOTED THE BUSINESS ENTREPRENEURIAL NATURE FOR THE BUSINESS IN LAMOURE FOR A POSSIBLE BUSINESS VENTURE. THE ORGANIZATION ALSO CONTINUED TO ASSIST THE LOANPAYMENT OF A NEW HARDWARE/GROCERY STORE 10 YEARS AGO BY ASSISTING IN THE 10 YEAR PAYMENT PLAN. THIS IS TO IMPROVE THE QUALITY OF LIFE AND BUSINESS IN LAMOURE.

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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 $94,088

Program Service Revenue $0

Investment Income $14,291

Other Revenue $60,983

TOTAL REVENUE $169,362

Expense Breakdown

Grants Paid $79,474

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $117,369

Other Expenses $74,222

TOTAL EXPENSES $153,696

Year-over-Year Comparison

	2024	2023	Change
Revenue	$169,362	$154,672	+0.1%
Expenses	$153,696	$94,768	+0.6%
Net Income	$15,666	$59,904	-0.7%

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
BRAD NOGOSEK	PRESIDENT	4.00	Officer Director	$0	$0	$0
RAY THIELGES	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
VINCE WATKINS	SECRETARY	6.00	Officer Director	$0	$0	$0
MITCH CARLSON	TREASURER	10.00	Officer Director	$0	$0	$0
BRENT THIELGES	DIRECTOR	3.00	Director	$0	$0	$0
CLINT HOGGARTH	DIRECTOR	3.00	Director	$0	$0	$0
ART HAGEBOCK	DIRECTOR	4.00	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	$169,362	$153,696	$1,190,564	$15,666
2024	No data	No data	No data	No data
2023	$127,771	$79,196	$1,031,637	$48,575
2022	$139,112	$101,919	$1,042,087	$37,193
2021	$149,047	$161,907	$966,287	$-12,860
2020	$101,455	$84,871	$817,013	$16,584
2019	$101,556	$91,053	$630,429	$10,503
2018	$56,382	$50,707	$649,926	$5,675