Devils Lake, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Lake Region Corporation, founded in 1983, is a mid-sized nonprofit that reported $10.4M in total revenue in fiscal year 2024. Expenses of $10.1M left a modest 3% surplus.
Providing support for people in achieving success in their life and their community.
Lake Region Corporation provides Residential support to 26 consumers and Day Support to 54 consumers. We continue to maintain and update four group homes (2 ICF and 2 MSLA) and a day support program...
Lake Region Corporation provides Residential support to 26 consumers and Day Support to 54 consumers. We continue to maintain and update four group homes (2 ICF and 2 MSLA) and a day support program. We are Title XIX certified at our ICF/IID Group Home and have a 4-year certification with the Council on Quality and Leadership. We also support 29 people who reside in an apartment setting, and we support 11 people who are employed in the community. We have 2 individuals in our family support program in which we provide support for the family. We are proud of our renewed contract with the City of Devils Lake for recycling.
The Organization has a daycare that we provide for Devils Lake area residents that has 51 children enrolled in it.
The organization has an Aging Home that provides support for up to 4 individuals.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $10,431,684 | $10,658,500 | 0.0% |
| Expenses | $10,096,561 | $10,029,426 | +0.0% |
| Net Income | $335,123 | $629,074 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Morgan Fee | President | 1.00 |
Officer
Director
|
$300 | $0 | $300 |
| David Oehlke | Vice President | 1.00 |
Officer
Director
|
$450 | $0 | $450 |
| Peggy Peters | Secretary | 1.00 |
Officer
Director
|
$450 | $0 | $450 |
| Allyson Ternes | Board Member | 1.00 |
Director
|
$450 | $0 | $450 |
| Julie Sandbakken | Board Member | 1.00 |
Director
|
$225 | $0 | $225 |
| Paulette Paulson | Board Member | 1.00 |
Director
|
$300 | $0 | $300 |
| Jeffry Jacobson | CEO (To Feb '25) | 40.00 |
Officer
|
$146,731 | $18,593 | $165,324 |
| Alyssa Tofsrud | Executive Director (From Feb '25) | 40.00 |
Officer
|
$94,189 | $18,550 | $112,739 |
| Sandra Svedberg | CFO | 40.00 |
Officer
|
$106,495 | $16,999 | $123,494 |
| Jennifer Parisien | COO | 40.00 |
Highest
|
$105,733 | $17,451 | $123,184 |
| Kari Kopp | RC | 40.00 |
Highest
|
$112,544 | $17,805 | $130,349 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $10,431,684 | $10,096,561 | $6,118,799 | $335,123 |
| 2024 | $10,658,500 | $10,029,426 | $5,693,683 | $629,074 |
| 2023 | $9,193,984 | $8,872,371 | $5,175,455 | $321,613 |
| 2022 | $9,506,457 | $8,078,857 | $4,659,780 | $1,427,600 |
| 2021 | $7,505,142 | $7,104,973 | $4,164,941 | $400,169 |
| 2020 | $7,027,981 | $6,418,899 | $2,405,224 | $609,082 |
| 2019 | $6,120,046 | $5,371,246 | $2,017,370 | $748,800 |
| 2018 | $4,444,385 | $4,473,039 | $1,651,250 | $-28,654 |
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