GRAND FORKS, ND
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)FLORENCE LAKE CHARITABLE TRUST 1020000701, founded in 1993, is a micro nonprofit that reported $68K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $122K exceeded revenue, resulting in a 81% operating deficit.
There is no formal Mission Statement. The Last Will and Testament of Florence Lake created this charitable trust. The Will specifically lists the three organizations that are to receive annually one third of the trust income. The Will further states that the Central Institute for the Deaf and the Community College are to use the funds to establish scholarship fund to help students, The Will states that the amounts paid each year must be distributed annually for scholarships. The Devils Lake Foundation is to use the annual payment for qualified charitable purposes and such funds are to be distributed annually. The Trust holds annual meetings. The meetings are attended by members of the supported organizations. These organizations submit an annual report regarding the use of the funds
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $67,619 | $164,375 | -0.6% |
| Expenses | $122,154 | $126,427 | 0.0% |
| Net Income | $-54,535 | $37,948 | -2.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Perter Halbach | Co-Trustee | N/A |
Director
|
$0 | $0 | $0 |
| Maren Halbach | Co-Trustee | N/A |
Director
|
$0 | $0 | $0 |
| Alerus Financial | Co-Trustee | N/A |
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $67,619 | $122,154 | $3,042,075 | $-54,535 |
| 2022 | $164,375 | $126,427 | $3,096,610 | $37,948 |
| 2021 | $379,817 | $114,312 | $3,058,662 | $265,505 |
| 2020 | $190,728 | $113,418 | $2,793,157 | $77,310 |
Compare FLORENCE LAKE CHARITABLE TRUST 1020000701 with other nonprofits in North Dakota and across the country.