LAKE AGASSIZ REGIONAL COUNCIL

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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

1974

Legal Domicile

Principal Officer

DONALD LITCH

Phone

7012351197

Tax Period

2025-01-01 to 2025-12-31

LAKE AGASSIZ REGIONAL COUNCIL, founded in 1974, is a small nonprofit that reported $491K in total revenue in fiscal year 2025. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $578K exceeded revenue, resulting in a 18% operating deficit.

Mission

COMPREHENSIVE PLANNING AND ADMINISTRATION OF COMMUNITY DEVELOPMENT BLOCK GRANTS AND OTHER ECONOMIC DEVELOPMENT ASSISTANCE.

Program Service Accomplishments

Program 1

Expenses: $490,685 Revenue: $179,253

COMPREHENSIVE PLANNING AND ADMINISTRATION OF COMMUNITY DEVELOPMENT BLOCK GRANTS AND OTHER ECONOMIC DEVELOPMENT ASSISTANCE.ADDITIONAL OUTREACH BEGAN WITH BUSINESSES AND COMMUNITIES IN OUR REGION TO...

COMPREHENSIVE PLANNING AND ADMINISTRATION OF COMMUNITY DEVELOPMENT BLOCK GRANTS AND OTHER ECONOMIC DEVELOPMENT ASSISTANCE.ADDITIONAL OUTREACH BEGAN WITH BUSINESSES AND COMMUNITIES IN OUR REGION TO BETTER UNDERSTAND IMPACTS AND HELP ENTITIES RECOVER FROM COVID-19 IMPACTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $304,499

Program Service Revenue $179,253

Investment Income $7,127

Other Revenue $0

TOTAL REVENUE $490,879

Expense Breakdown

Grants Paid $101,250

Salaries & Benefits $194,263

Fundraising Expenses $0

Program Expenses $490,685

Other Expenses $282,256

TOTAL EXPENSES $577,769

Year-over-Year Comparison

	2025	2024	Change
Revenue	$490,879	$380,239	+0.3%
Expenses	$577,769	$473,669	+0.2%
Net Income	$-86,890	$-93,430	-0.1%

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

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

$77,741

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY HOFFMANN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS E JEFFERSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
NEIL OLERUD	DIRECTOR (LEFT 2025)	1.00	Director	$0	$0	$0
KEVIN BUNN	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN BERSETH	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL HAVERLAND	DIRECTOR	1.00	Director	$0	$0	$0
DUAYNE BALDWIN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRIAN TUITE	DIRECTOR	1.00	Director	$0	$0	$0
MARK OSLAND	DIRECTOR	1.00	Director	$0	$0	$0
KURT ELLIOTT	DIRECTOR	1.00	Director	$0	$0	$0
CAREY FRY	SECRETARY	1.00	Officer Director	$0	$0	$0
BILL BOHNSACK	DIRECTOR (LEFT 2025)	1.00	Director	$0	$0	$0
PERRY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DUANE BREITLING	DIRECTOR	1.00	Director	$0	$0	$0
WADE ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LYONS	DIRECTOR	1.00	Director	$0	$0	$0
TODD ANDERSON	DIRECTOR (STARTED 2025)	1.00	Director	$0	$0	$0
DON LITCH	CHIEF FINANCIAL OFFICER	15.00	Officer	$0	$0	$0
AMBER M METZ	EXECUTIVE DIRECTOR	25.00	Officer	$77,741	$0	$77,741

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	$490,879	$577,769	$7,464,661	$-86,890
2024	$380,239	$473,669	$2,742,816	$-93,430
2023	$468,312	$416,665	$2,792,307	$51,647
2022	$400,459	$367,995	$2,729,316	$32,464
2021	$1,978,985	$414,353	$3,274,104	$1,564,632
2020	$443,087	$345,929	$1,825,235	$97,158
2019	$454,395	$543,810	$1,508,766	$-89,415
2018	$530,788	$538,668	$1,885,745	$-7,880