LAKE AGASSIZ HOUSING CORPORATION (EIN 450458458) - 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

2000

Legal Domicile

Principal Officer

DONALD LITCH

Phone

7012351197

Tax Period

2024-01-01 to 2024-12-31

LAKE AGASSIZ HOUSING CORPORATION, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $529K in total revenue in fiscal year 2024. Expenses of $499K left a modest 6% surplus.

Mission

TO PROMOTE COMMUNITY DEVELOPMENT BY DEVELOPING SENIOR CONGREGATE LIVING FACILITIES AND OTHER HOUSING NEEDS TO MAINTAIN ECOMOMIC VITALITY.

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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 $0

Program Service Revenue $525,072

Investment Income $717

Other Revenue $2,987

TOTAL REVENUE $528,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $499,397

Other Expenses $499,397

TOTAL EXPENSES $499,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$528,776	$538,782	0.0%
Expenses	$499,397	$524,271	0.0%
Net Income	$29,379	$14,511	+1.0%

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

$150,659

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
DONALD LITCH	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$15,992	$102,107
AMBER METZ	EXECUTIVE DIRECTOR	10.00	Officer	$0	$5,906	$48,552

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	$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

LAKE AGASSIZ HOUSING CORPORATION