Lake of the Woods Lions Club Found… - Form 990 Financial Data

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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

1998

Legal Domicile

Phone

5404126800

Tax Period

2023-07-01 to 2024-06-30

Lake of the Woods Lions Club Foundation Inc, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $147K in total revenue in fiscal year 2023. Expenses of $136K left a modest 8% surplus.

Mission

To carry out charitable activities including but not limited to activities benefiting the poor disadvantaged indigent and others who are in need and other charitable and community purposes.

Program Service Accomplishments

Program 1

Expenses: $49,424 Revenue: $0

Local food and utilities support to the needy. We operate the Wilderness Food Pantry. We provide food weekly to about 160 families over 300 people. We provide about 70 tons of food and over 3,000...

Local food and utilities support to the needy. We operate the Wilderness Food Pantry. We provide food weekly to about 160 families over 300 people. We provide about 70 tons of food and over 3,000 volunteer hours. The Foundations two part-time employees are at the pantry. Our Community Emergency Services Committee does grants to provide rent and utility support to people in danger of losing their homes or have utilities shut off. We provide gift cards to needy families at Christmas.

Program 2

Expenses: $35,576 Revenue: $0

Classroom grants and scholarships. We provide post-secondary scholarships to students and grants to local teachers to provide innovative instruction programs in the classroom

Program 3

Expenses: $28,260 Revenue: $0

Community activities support. Under our Community Needs Grants program each year we solicit non-profits in our area to submit applications for one-time grants for articles or services to improve...

Community activities support. Under our Community Needs Grants program each year we solicit non-profits in our area to submit applications for one-time grants for articles or services to improve their programs. We have a committee that evaluates these applications then makes recommendations to the board on funding to be provided. We provide sight and hearing testing for children at most schools in the county. We operate a medical equipment loan program for those in need of such equipment. We provide grants to local free medical clinics the county library the local volunteer fire department etc.

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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 $50,243

Program Service Revenue $0

Investment Income $4,418

Other Revenue $92,632

TOTAL REVENUE $147,293

Expense Breakdown

Grants Paid $82,141

Salaries & Benefits $11,313

Fundraising Expenses $0

Program Expenses $132,282

Other Expenses $42,555

TOTAL EXPENSES $136,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,293	$148,125	0.0%
Expenses	$136,009	$106,096	+0.3%
Net Income	$11,284	$42,029	-0.7%

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

Volunteers

120

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
Ken Buell	Immediate Past President	2.00	Director	$0	$0	$0
Dick Unser	President	10.00	Officer Director	$0	$0	$0
Cathy Hix	1st Vice President	2.00	Officer Director	$0	$0	$0
Sheila Carney	2nd Vice President	2.00	Officer Director	$0	$0	$0
Lee Merrell	Treasurer	9.00	Officer Director	$0	$0	$0
Pat Cetrone	Director	2.00	Director	$0	$0	$0
Deb Everett	Director	2.00	Director	$0	$0	$0
Dave Schull	Director	2.00	Director	$0	$0	$0
Pat Unkle	Director	2.00	Director	$0	$0	$0
Gary Archer	Director	2.00	Director	$0	$0	$0
Amy Henecke	Secretary	2.00	Officer Director	$0	$0	$0
Bob Sheftel	Director	2.00	Director	$0	$0	$0
Alex Salustri	Director	2.00	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
2025	No data	No data	No data	No data
2024	$147,293	$136,009	$429,468	$11,284
2023	$148,125	$106,096	$401,244	$42,029
2022	$211,949	$129,741	$344,053	$82,208

Lake of the Woods Lions Club Foundation Inc