LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC (EIN 472602214) - 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

2014

Legal Domicile

Principal Officer

MIKE SCHULZ

Phone

2184340307

Tax Period

2023-01-01 to 2023-12-31

LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC, founded in 2014, is a micro nonprofit in the Recreation & Sports sector that reported $70K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $63K, a strong 90% operating margin.

Mission

CONSTRUCTION AND OPERATION OF A PUBLIC ICE ARENA FOR THE USE OF THE RESIDENTS (ESPECIALLY YOUTH) OF LAKE OF THE WOODS COUNTY AND SURROUNDING AREAS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $69,367

Program Service Revenue $0

Investment Income $1,002

Other Revenue $0

TOTAL REVENUE $70,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,036

Other Expenses $7,036

TOTAL EXPENSES $7,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,369	$74,079	-0.1%
Expenses	$7,036	$20,140	-0.7%
Net Income	$63,333	$53,939	+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

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
MIKE SCHULZ	CHAIRMAN	2.00	Director	$0	$0	$0
NED LAVALLA	DIRECTOR	2.00	Director	$0	$0	$0
ERICA ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
BRENT NOBLE	DIRECTOR	2.00	Director	$0	$0	$0
JANAYA WOOD	DIRECTOR	2.00	Director	$0	$0	$0
BRETT NYLANDER	DIRECTOR	2.00	Director	$0	$0	$0
SANDI HASBARGEN	BOOKKEEPER	2.00	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
2023	$70,369	$7,036	$7,388,006	$63,333
2022	$74,079	$20,140	$7,442,893	$53,939
2021	$77,308	$38,370	$7,484,304	$38,938
2020	$116,665	$40,490	$7,544,826	$76,175
2019	$2,589,801	$33,571	$7,571,178	$2,556,230
2018	$4,169,543	$5,197	$4,312,214	$4,164,346
2018	$4,169,543	$5,197	$4,312,214	$4,164,346

LAKE OF THE WOODS INTERNATIONAL ARENA BOARD INC