FORWARD DEVILS LAKE CORP (EIN 450443068) - 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

1992

Legal Domicile

Principal Officer

CHACE ENGSTROM-AUSTVOLD

Phone

7016627600

Tax Period

2023-01-01 to 2023-12-31

FORWARD DEVILS LAKE CORP, founded in 1992, is a small nonprofit that reported $586K in total revenue in fiscal year 2023. Revenue surged 144% from the prior year, signaling strong growth momentum.

Mission

TO FOSTER AND DEVELOP EXISTING AND NEW BUSINESS AND INDUSTRY IN THE LAKE REGION

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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 (2023)

Revenue Breakdown

Contributions & Grants $585,297

Program Service Revenue $0

Investment Income $0

Other Revenue $224

TOTAL REVENUE $585,521

Expense Breakdown

Grants Paid $100,329

Salaries & Benefits $116,423

Fundraising Expenses $0

Other Expenses $393,876

TOTAL EXPENSES $610,628

Year-over-Year Comparison

	2023	2022	Change
Revenue	$585,521	$239,899	+1.4%
Expenses	$610,628	$231,388	+1.6%
Net Income	$-25,107	$8,511	-3.9%

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

Total Directors

$108,818

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD BARTH	EXECUTIVE DI	40.00	Director	$96,218	$12,600	$108,818
JIM ALVESTAD	PAST PRESDIE	1.00	Director	$0	$0	$0
DOUG DARLING	PAST PRESIDE	1.00	Director	$0	$0	$0
CHACE ENGSTROM-AUSTVOLD	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROB HACH	DIRECTOR	1.00	Director	$0	$0	$0
SPENCER HALVERSON	EX OFFICIO	1.00	Director	$0	$0	$0
RYAN HANSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SUZIE KENNER	EX OFFICIO	1.00	Director	$0	$0	$0
SHERRI MEZERA	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
JIM MOE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL WILHELMI	DIRECTOR	1.00	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
2023	$585,521	$610,628	$1,231,251	$-25,107
2022	$239,899	$231,388	$1,065,786	$8,511
2021	$268,472	$257,183	$1,146,555	$11,289
2020	$198,717	$170,153	$1,345,424	$28,564

FORWARD DEVILS LAKE CORP