LAKE REGION COMMUNITY COLLEGE FOUNDATION OF DEVILS LAKE (EIN 510242987) - 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

1959

Legal Domicile

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.

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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 $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

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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

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

$182,311

Total Directors

Key Employees

Highest Compensated

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

LAKE REGION COMMUNITY COLLEGE FOUNDATION OF DEVILS LAKE