Lovin' Lake County (EIN 833336356) - 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

Formation Year

2019

Legal Domicile

Principal Officer

Janelle Jones

Phone

2183915081

Tax Period

2024-01-01 to 2024-12-31

Lovin' Lake County, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 17% operating deficit.

Mission

To promote and develop tourism through marketing and events, stimulating Lake Countys economy, enhancing the quality of life for all residents, and protecting the areas unique attributes for the continual benefit of its citizens.

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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 $20,000

Program Service Revenue $1,563,664

Investment Income $916

Other Revenue $0

TOTAL REVENUE $1,584,580

Expense Breakdown

Grants Paid $704,246

Salaries & Benefits $288,367

Fundraising Expenses $0

Other Expenses $867,382

TOTAL EXPENSES $1,859,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,584,580	$1,702,194	-0.1%
Expenses	$1,859,995	$1,863,306	0.0%
Net Income	$-275,415	$-161,112	+0.7%

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

$83,685

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Jordahl	Board Chair	1.00	Officer Director	$0	$0	$0
Dustin Goutermont	Board Secretary	0.50	Officer Director	$0	$0	$0
Michael Cavallin	Treasurer	1.00	Officer Director	$0	$0	$0
Michelle Haugan	Board member	0.50	Director	$0	$0	$0
Sara Cuypers	Board member	0.50	Director	$0	$0	$0
Rick Goutermont	Board member	0.50	Director	$0	$0	$0
Rick Hogenson	Board member	0.50	Director	$0	$0	$0
Janelle Jones	Executive Director	40.00	Director	$83,685	$0	$83,685

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	$1,584,580	$1,859,995	$839,110	$-275,415
2023	$1,702,194	$1,863,306	$1,240,799	$-161,112
2022	$2,239,493	$1,421,269	$1,245,364	$818,224

Lovin' Lake County