NORTHERN LAKES RESCUE

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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

2017

Legal Domicile

Principal Officer

Stephanie Knoppa

Phone

2185684508

Tax Period

2024-01-01 to 2024-12-31

NORTHERN LAKES RESCUE, founded in 2017, is a small nonprofit in the Animal-Related sector that reported $126K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring.

Mission

Northern Lakes Rescue aims to be the voice for we hear them through our hearts and give them a voice; for their eyes speak volumes. We aim to improve the lives of these animals in need by placing them in a loving foster home while getting them the care they need for them to move on to the next chapter in their lives. Our rescue values compassion, understanding, and love above all else.

Program Service Accomplishments

Program 1

Expenses: $64,874 Revenue: $94,672

Adoption Program

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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 (2024)

Revenue Breakdown

Contributions & Grants $31,287

Program Service Revenue $94,672

Investment Income $0

Other Revenue $0

TOTAL REVENUE $125,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,221

Fundraising Expenses $0

Program Expenses $64,874

Other Expenses $122,825

TOTAL EXPENSES $125,046

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,959	$210,094	-0.4%
Expenses	$125,046	$218,892	-0.4%
Net Income	$913	$-8,798	-1.1%

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

N/A

Employees

N/A

Volunteers

125

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
Melissa Kraklau	Secretary	25	Officer	$0	$0	$0
Stephanie Tangen	Treasure	25	Officer	$0	$0	$0
Stephanie Knoppa	President	10	Officer	$0	$0	$0
Katie McGroarty	Board Member	10	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
2024	$125,959	$125,046	$14,350	$913
2023	$210,094	$218,892	$200,883	$-8,798
2022	$345,646	$347,207	$209,961	$-1,561
2021	$399,325	$396,065	$164,832	$3,260
2020	$324,411	$310,539	$14,237	$13,872