CHAIN OF LAKES RELIEF ASSOCIATION

EIN: 463935871 Mutual Benefit

RICHMOND, MN

Total Revenue
$74,094
Total Expenses
$32,374
Total Assets
$599,419
Net Assets
$574,419
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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
2013
Legal Domicile
MN
Tax Period
2023-01-01 to 2023-12-31

CHAIN OF LAKES RELIEF ASSOCIATION, founded in 2013, is a micro nonprofit in the Mutual Benefit sector that reported $74K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $42K, a strong 56% operating margin.

Mission

PROVIDE RETIREMENT RELIEF AND OTHER BENEFITS TO MEMBERS AND DEPENDENTS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $34,241
Program Service Revenue $0
Investment Income $0
Other Revenue $39,853
TOTAL REVENUE $74,094

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $28,747
Other Expenses $32,374
TOTAL EXPENSES $32,374

Year-over-Year Comparison

2023 2022 Change
Revenue $74,094 $67,069 +0.1%
Expenses $32,374 $32,661 0.0%
Net Income $41,720 $34,408 +0.2%
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

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Governance

Voting Members
28
Independent Members
28
Employees
N/A
Volunteers
28

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE MILLS TREASURER 2.00
Officer
$0 $0 $0
NICK WIELING PRESIDENT 5.00
Officer
$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
2024 No data No data No data No data
2023 $74,094 $32,374 $599,419 $41,720
2022 $67,069 $32,661 $497,836 $34,408
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