Lake of the Woods Adaptive Watersports (EIN 811320299) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Phone

5403083009

Tax Period

2022-01-01 to 2022-12-31

Lake of the Woods Adaptive Watersports, founded in 2016, is a micro nonprofit that reported $89K in total revenue in fiscal year 2020. Expenses of $86K left a modest 3% surplus.

Mission

The organizations's mission is to create an adaptive sports community of support and friendship among veterans, differently-able adults and children, family members, and volunteers to empower, inspire, and enrich the lives of everyone involved.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $62,198

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $62,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,586

Other Expenses $57,748

TOTAL EXPENSES $57,748

Year-over-Year Comparison

	2022	2021	Change
Revenue	$62,198	$62,198	N/A
Expenses	$57,748	$57,748	N/A
Net Income	$4,450	$4,450	N/A

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
Jordy de Boer	President	10.00	Director	$0	$0	$0
Thomas Prine	Vice President	10.00	Director	$0	$0	$0
Lana Marr	Treasurer	10.00	Director	$0	$0	$0
Simon Gray	Secretary	10.00	Director	$0	$0	$0
Carly Levinstein	Director	10.00	Director	$0	$0	$0
Tiffany Prine	Director	10.00	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
2022	$62,198	$57,748	$23,309	$4,450
2021	$62,198	$57,748	$18,859	$4,450
2020	$88,771	$85,862	$14,409	$2,909

Lake of the Woods Adaptive Watersports