FRIENDS OF THE DETROIT LAKES WETLA… - 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

Legal Domicile

Principal Officer

JARROD CHRISTEN

Phone

2188474431

Tax Period

2022-01-01 to 2022-12-31

FRIENDS OF THE DETROIT LAKES WETLANDS is a micro nonprofit that reported $5K in total revenue in fiscal year 2022. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2K, a strong 45% operating margin.

Mission

TO PROMOTE AWARENESS, UNDERSTANDING, USE, CARE, APPRECIATION AND MANAGMENT OF WILDLIFE RESOURCES AND RECREATIONAL OPPORTUNITIES IN THE DETROIT LAKES WETLAND MANAGEMENT DISTRICT

Program Service Accomplishments

Program 1

TO PROMOTE AWARENESS, UNDERSTANDING, USE, CARE, APPRECIATION AND MANAGMENT OF WILDLIFE RESOURCES AND RECREATIONAL OPPORTUNITIES IN THE DETROIT LAKES WETLAND MANAGEMENT DISTRICT

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,174

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $5,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,818

Other Expenses $2,873

TOTAL EXPENSES $2,873

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,180	$4,262	+0.2%
Expenses	$2,873	$2,232	+0.3%
Net Income	$2,307	$2,030	+0.1%

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
SUZANNE BORSTAD	SECRETARY	N/A	Officer Director	$0	$0	$0
RYAND FROHLING	WMD MANAGER	N/A	Director	$0	$0	$0
NANCY HENKE	TREASURER	N/A	Officer Director	$0	$0	$0
JARROD CHRISTEN	PRESIDENT	N/A	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
2022	$5,180	$2,873	$24,826	$2,307
2021	$4,262	$2,232	$22,519	$2,030
2020	$1,505	$2,410	$20,489	$-905
2019	$2,881	$2,305	$21,395	$576
2018	$5,297	$6,173	$20,864	$-876

FRIENDS OF THE DETROIT LAKES WETLANDS