OTTER TAIL LAKES COUNTRY ASSOCIATION (EIN 812413340) - 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

Phone

6513080766

Tax Period

2023-01-01 to 2023-12-31

OTTER TAIL LAKES COUNTRY ASSOCIATION is a small nonprofit that reported $434K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $380K left a modest 13% surplus.

Mission

MARKETING AND ECONOMIC ENHANCEMENT OF OTTER TAIL COUNTY, MN AND SURROUNDING AREAS

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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 $235,899

Program Service Revenue $193,163

Investment Income $1,202

Other Revenue $4,179

TOTAL REVENUE $434,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,831

Fundraising Expenses $0

Program Expenses $376,752

Other Expenses $282,114

TOTAL EXPENSES $379,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$434,443	$397,703	+0.1%
Expenses	$379,945	$384,437	0.0%
Net Income	$54,498	$13,266	+3.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN BOWMAN	Director	1.00	Director	$0	$0	$0
BETSY RODER	Vice President	1.00	Officer Director	$0	$0	$0
NICK LEONARD	Treasurer/Secre	5.00	Officer Director	$0	$0	$0
CANDACE RASTEDT	President	1.00	Officer Director	$0	$0	$0
LAURA BJERKE	Director	1.00	Director	$0	$0	$0
MEGAN JOHNSON	Director	1.00	Director	$0	$0	$0
DEAN HAARSTICK	Chairman	1.00	Director	$0	$0	$0
EMILY MEYERS	Director	1.00	Director	$0	$0	$0
STEVE GUTTORMSON	Director	1.00	Director	$0	$0	$0
DAN BROTEN	Director	1.00	Director	$0	$0	$0
DOUG BJORKLUND	Director	1.00	Director	$0	$0	$0
LINDA STOLL	Director	1.00	Director	$0	$0	$0
DAN BUCHOLZ	COMMISSIONER	1.00	Director	$0	$0	$0
DAN HURDER	Director	0.00	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
2024	No data	No data	No data	No data
2023	$434,443	$379,945	$435,089	$54,498
2022	$397,703	$384,437	$351,597	$13,266
2021	$321,525	$453,347	$339,573	$-131,822
2020	$1,726,481	$1,342,916	$676,108	$383,565
2019	$252,489	$237,305	$188,008	$15,184
2018	$206,941	$186,788	$173,708	$20,153

OTTER TAIL LAKES COUNTRY ASSOCIATION