Lake Region Public Library Foundation

EIN: 830520186 501(c)(3) Education

Devils Lake, ND

Total Revenue
$3,396
Total Expenses
$13,168
Total Assets
$346,731
Net Assets
$346,731
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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
2018
Legal Domicile
ND
Principal Officer
Jessica Fish
Phone
7016622220
Tax Period
2022-01-01 to 2022-12-31

Lake Region Public Library Foundation, founded in 2018, is a micro nonprofit in the Education sector that reported $3K in total revenue in fiscal year 2022. Expenses of $13K exceeded revenue, resulting in a 288% operating deficit.

Mission

To support and provide for the activities and ongoing maintenance of the Lake Region Public Library - its facilities and staff and related concerns.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $3,396
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,396

Expense Breakdown

Grants Paid $1,584
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,659
Other Expenses $11,584
TOTAL EXPENSES $13,168

Year-over-Year Comparison

2022 2021 Change
Revenue $3,396 N/A N/A
Expenses $13,168 $13,168 N/A
Net Income $-9,772 $-13,168 -0.3%
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
3

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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Heidi Vanegas President 5.00
Director
$0 $0 $0
Paulette Paulson Treasurer 5.00
Officer
$0 $0 $0
Jessica Fish Secretary 5.00
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 $3,396 $13,168 $346,731 $-9,772
2021 $4,306 $6,710 $340,259 $-2,404
2020 $2,610 $1,895 $343,907 $715
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