LAKE REGION COMMUNITY COLLEGE FOUNDATION OF DEVILS LAKE

EIN: 510242987 501(c)(3) Education

DEVILS LAKE, ND

Total Revenue
$1,162,560
Total Expenses
$861,674
Total Assets
$15,301,147
Net Assets
$15,261,456
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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)

Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
ND
Principal Officer
ERIN WOOD
Phone
7016621505
Tax Period
2023-07-01 to 2024-06-30

LAKE REGION COMMUNITY COLLEGE FOUNDATION OF DEVILS LAKE, founded in 1959, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $301K, a strong 26% operating margin.

Mission

PROVIDE SUPPORT TO FURTHER THE EDUCATIONAL MISSION OF LAKE REGION STATE COLLEGE.

Program Service Accomplishments

Program 1
Expenses: $450,919 Revenue: $11,625

GENERAL AND ATHLETIC SCHOLARSHIP SUPPORT AT THE LAKE REGION STATE COLLEGE

Program 2
Expenses: $228,600

OTHER SPECIAL PROJECTS AT THE LAKE REGION STATE COLLEGE

🔒

Trantor Score

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)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $735,798
Program Service Revenue $0
Investment Income $354,206
Other Revenue $72,556
TOTAL REVENUE $1,162,560

Expense Breakdown

Grants Paid $669,230
Salaries & Benefits $39,105
Fundraising Expenses $22,404
Program Expenses $679,519
Other Expenses $153,339
TOTAL EXPENSES $861,674

Year-over-Year Comparison

2023 2022 Change
Revenue $1,162,560 $867,689 +0.3%
Expenses $861,674 $699,603 +0.2%
Net Income $300,886 $168,086 +0.8%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Governance

Voting Members
22
Independent Members
22
Employees
N/A
Volunteers
40

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
8
$182,311
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRITTANY GRANN DIRECTOR 0.50
Director
$0 $0 $0
CHAD PETERSON DIRECTOR 0.50
Director
$0 $0 $0
CHERI MARTINSON DIRECTOR 0.50
Director
$0 $0 $0
DANIELLE MICKELSON DIRECTOR 0.50
Director
$0 $0 $0
DARLENE BROWN DIRECTOR 0.50
Director
$0 $0 $0
DEB SCHLENKER DIRECTOR 0.50
Director
$0 $0 $0
EVAN MARKESTAD DIRECTOR 0.50
Director
$0 $0 $0
GAYLE GETTE DIRECTOR 0.50
Director
$0 $0 $0
JASON EDWARDS DIRECTOR 0.50
Director
$0 $0 $0
JIM DAHLEN DIRECTOR 0.50
Director
$0 $0 $0
JOHNNIE CANDLE DIRECTOR 0.50
Director
$0 $0 $0
KADE SVEEN DIRECTOR 0.50
Director
$0 $0 $0
KAREN SWANSON DIRECTOR 0.50
Director
$0 $0 $0
KIM ENGSTROM DIRECTOR 0.50
Director
$0 $0 $0
KIM ZINKE DIRECTOR 0.50
Director
$0 $0 $0
KRISTI BERG DIRECTOR 0.50
Officer Director
$0 $0 $0
KRISTIN JOHNSON PRESIDENT 0.50
Officer Director
$0 $0 $0
LARRY LEGACIE DIRECTOR 0.50
Director
$0 $0 $0
MIKE DUNN DIRECTOR 0.50
Director
$0 $0 $0
PRESTON SUNDEEN DIRECTOR 0.50
Director
$0 $0 $0
RACHAEL MICKELSON HENDRICKSON DIRECTOR 0.50
Director
$0 $0 $0
SHAUNA SCHNEIDER DIRECTOR 0.50
Director
$0 $0 $0
STEPHANIE SHOCK TREASURER 0.50
Officer Director
$0 $0 $0
TOM HAAHR VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
KRISTIE TOLLEFSON DIRECTOR 0.50
Director
$0 $0 $0
VANESSA WEBER SECRETARY 0.50
Officer Director
$0 $0 $0
CHELSI SCHROEDER DIRECTOR 0.50
Director
$0 $0 $0
CHRIS WAHL DIRECTOR 0.50
Director
$0 $0 $0
ELONDA NORD EXECUTIVE DIRECTOR 40.00
Officer
$0 $3,051 $28,076
LAURENCE ARANGO EXECUTIVE DIRECTOR 30.00
Officer
$0 $2,070 $5,486
ERIN WOOD EXECUTIVE DIRECTOR 8.00
Officer
$0 $34,563 $148,749
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 No data No data No data No data
2024 $1,162,560 $861,674 $15,301,147 $300,886
2023 $867,689 $699,603 $13,743,350 $168,086
2022 $1,632,081 $884,661 $12,632,532 $747,420
2021 $1,219,808 $1,422,460 $13,641,556 $-202,652
2020 $1,590,240 $1,447,899 $11,275,511 $142,341
2019 $1,179,522 $943,706 $10,640,685 $235,816
2018 $593,664 $910,139 $10,028,241 $-316,475
Explore More Nonprofits
→Top 100 Nonprofits in North Dakota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LAKE REGION COMMUNITY COLLEGE FOUNDATION OF DEVILS LAKE with other nonprofits in North Dakota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.