Lake Region Corporation (EIN 450383900) - 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

1983

Legal Domicile

Principal Officer

Morgan Fee

Phone

7016628681

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

Providing support for people in achieving success in their life and their 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,743

Program Service Revenue $10,410,595

Investment Income $11,553

Other Revenue $3,793

TOTAL REVENUE $10,431,684

Expense Breakdown

Grants Paid $3,793

Salaries & Benefits $8,836,809

Fundraising Expenses $0

Program Expenses $9,305,251

Other Expenses $1,255,959

TOTAL EXPENSES $10,096,561

Year-over-Year Comparison

	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%

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

201

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

$402,757

Total Directors

$2,175

Key Employees

Highest Compensated

reported

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

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	$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

Lake Region Corporation