LAKE AGASSIZ HOUSING CORPORATION

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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

2000

Legal Domicile

Principal Officer

DONALD LITCH

Phone

7012351197

Tax Period

2025-01-01 to 2025-12-31

LAKE AGASSIZ HOUSING CORPORATION, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $581K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

LAHC'S MISSION IS TO ADDRESS HOUSING NEEDS IN THE SERVICE AREA. THE NORTH DAKOTA COUNTIES OF CASS, RANSOM, RICHLAND, SARGENT, STEELE AND TRAILL ARE THE PRIMARY SERVICE AREA.

Program Service Accomplishments

Program 1

Expenses: $578,856 Revenue: $580,959

PLANNING AND DEVELOPING SENIOR CONGREGATE LIVING FACILITIES AND OTHER HOUSING NEEDS.

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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 $0

Program Service Revenue $579,278

Investment Income $448

Other Revenue $1,681

TOTAL REVENUE $581,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $578,856

Other Expenses $578,856

TOTAL EXPENSES $578,856

Year-over-Year Comparison

	2025	2024	Change
Revenue	$581,407	$528,776	+0.1%
Expenses	$578,856	$499,397	+0.2%
Net Income	$2,551	$29,379	-0.9%

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

N/A

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

$169,369

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT WURL	SECRETARY	1.00	Officer Director	$0	$0	$0
LARRY JACOBSEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LISA ROTVOLD	TREASURER	1.00	Officer Director	$0	$0	$0
RICK MAIRS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON ARTH	DIRECTOR	1.00	Director	$0	$0	$0
DONALD LITCH	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$16,588	$104,651
AMBER METZ	EXECUTIVE DIRECTOR	10.00	Officer	$0	$17,211	$64,718

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	$581,407	$578,856	$2,452,826	$2,551
2024	$528,776	$499,397	$2,573,196	$29,379
2023	$538,782	$524,271	$2,680,774	$14,511
2022	$522,855	$542,023	$2,756,850	$-19,168
2021	$636,407	$700,159	$2,885,960	$-63,752
2020	$438,480	$508,383	$3,052,956	$-69,903
2019	$483,014	$490,913	$2,890,252	$-7,899
2018	$466,194	$497,262	$2,978,130	$-31,068