LA CRESCENT AREA EVENT CENTER INC (EIN 464473251) - 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

2013

Legal Domicile

Principal Officer

MIKE KLAUKE

Phone

7083095781

Tax Period

2024-01-01 to 2024-12-31

LA CRESCENT AREA EVENT CENTER INC, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $310K in total revenue in fiscal year 2024. Expenses of $425K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO CONSTRUCT AND MAINTAIN A MULTI-PURPOSE COMMUNITY BUILDING TO SERVE RESIDENTS OF ALL AGES FOR A WIDE RANGE OF SOCIAL, CULTURAL AND EDUCATIONAL OPPORTUNITIES AND TO PROVIDE A NEW CLUBROOM AND HOME FOR THE CITY OF LA CRESCENT'S AMERICAN LEGION POST 595.

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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 $32,444

Program Service Revenue $201,269

Investment Income $1,652

Other Revenue $74,537

TOTAL REVENUE $309,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,595

Fundraising Expenses $0

Program Expenses $377,453

Other Expenses $255,058

TOTAL EXPENSES $424,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$309,902	$300,441	+0.0%
Expenses	$424,653	$484,501	-0.1%
Net Income	$-114,751	$-184,060	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN BRODIGAN	BOARD MEMBER	N/A	Director	$0	$0	$0
SY FIX	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
MICHELLE GUILLIEN	BOARD SECRET	N/A	Officer Director	$0	$0	$0
DAVID HEYER	BOARD MEMBER	N/A	Director	$0	$0	$0
DON HILL	BOARD TREASU	N/A	Officer Director	$0	$0	$0
MIKE KLAUKE	PRESIDENT	N/A	Director	$0	$0	$0
ANDREA WIESER	VICE PRESIDE	N/A	Officer 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
2024	$309,902	$424,653	$3,473,966	$-114,751
2023	$300,441	$484,501	$3,565,105	$-184,060
2022	$323,872	$396,232	$3,739,316	$-72,360
2021	$318,306	$328,778	$3,877,137	$-10,472
2020	$157,716	$248,117	$3,994,558	$-90,401
2019	$1,548,657	$228,474	$4,975,296	$1,320,183
2018	$1,483,640	$23,314	$2,850,009	$1,460,326

LA CRESCENT AREA EVENT CENTER INC