DETROIT LAKE FOUNDATION (EIN 474176740) - 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

2015

Legal Domicile

Principal Officer

MARGIE TALLEY

Phone

5038812953

Tax Period

2025-01-01 to 2025-12-31

DETROIT LAKE FOUNDATION, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $204K in total revenue in fiscal year 2025. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $189K left a modest 7% surplus.

Mission

TO FOSTER, ENHANCE AND MAINTAIN THE LIVABILITY, VITALITY & MULTI SEASONAL USE OF THE GREATER DETROIT LAKE AREA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $10,043

Program Service Revenue $179,016

Investment Income $14,053

Other Revenue $702

TOTAL REVENUE $203,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,664

Program Expenses $137,625

Other Expenses $188,863

TOTAL EXPENSES $188,863

Year-over-Year Comparison

	2025	2024	Change
Revenue	$203,814	$140,107	+0.5%
Expenses	$188,863	$172,519	+0.1%
Net Income	$14,951	$-32,412	-1.5%

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

125

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
HAYDEN PRICE	DIRECTOR	0.00	Director	$0	$0	$0
MICHELLE LANE	DIRECTOR	0.00	Director	$0	$0	$0
DEAN O'DONNELL	DIRECTOR	0.00	Director	$0	$0	$0
KEVIN CAMERON	DIRECTOR	0.00	Director	$0	$0	$0
NANCY POWELL	DIRECTOR	0.00	Director	$0	$0	$0
DENNY NIELSON	DIRECTOR	0.00	Director	$0	$0	$0
KEITH OWEN	President	10.00	Officer	$0	$0	$0
ELIZABETH SMITH	Vice President	10.00	Officer	$0	$0	$0
MARGIE TALLEY	Treasurer	10.00	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
2025	$203,814	$188,863	$443,320	$14,951
2022	$63,566	$63,503	$2,373,918	$63
2021	$2,260,355	$39,304	$2,373,855	$2,221,051

DETROIT LAKE FOUNDATION