LAKE AGASSIZ REGIONAL COUNCIL (EIN 450318258) - 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

1974

Legal Domicile

Principal Officer

DONALD LITCH

Phone

7012351197

Tax Period

2024-01-01 to 2024-12-31

LAKE AGASSIZ REGIONAL COUNCIL, founded in 1974, is a small nonprofit that reported $380K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $474K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE COMMUNITY PLANNING AND ECONOMIC DEVELOPMENT ASSISTANCE.

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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 $149,563

Program Service Revenue $219,818

Investment Income $10,858

Other Revenue $0

TOTAL REVENUE $380,239

Expense Breakdown

Grants Paid $13,333

Salaries & Benefits $178,627

Fundraising Expenses $0

Program Expenses $392,498

Other Expenses $281,709

TOTAL EXPENSES $473,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$380,239	$468,312	-0.2%
Expenses	$473,669	$416,665	+0.1%
Net Income	$-93,430	$51,647	-2.8%

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

$86,210

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	1.00	Director	$0	$0	$0
KEVIN BUNN	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN BERSETH	DIRECTOR/TREASURER (12/2024)	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	DIRECTOR/SECRETARY (12/2024)	1.00	Officer Director	$0	$0	$0
BILL BOHNSACK	DIRECTOR	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 (STARTED 12/2024)	1.00	Director	$0	$0	$0
JEFF LYONS	DIRECTOR (STARTED 12/2024)	1.00	Director	$0	$0	$0
JASON ARTH	TREASURER (LEFT 12/2024)	1.00	Officer Director	$0	$0	$0
JEFF DICK	SECRETARY (LEFT 12/2024)	1.00	Officer Director	$0	$0	$0
CAROL SIEGERT	DIRECTOR (LEFT 12/2024)	1.00	Director	$0	$0	$0
SHELLEY LUEBKE	DIRECTOR (LEFT 12/2024)	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	$75,476	$10,734	$86,210

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
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

LAKE AGASSIZ REGIONAL COUNCIL