HERMIT LAKES RECREATION INC

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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

1927

Legal Domicile

Phone

7196582419

Tax Period

2025-06-01 to 2026-05-31

HERMIT LAKES RECREATION INC, founded in 1927, is a small nonprofit that reported $267K in total revenue in fiscal year 2025. The organization ran a surplus of $98K, a strong 37% operating margin.

Mission

PROVIDE FISHING AND RECREATION FOR MEMBERS AND GUESTS

Program Service Accomplishments

Program 1

PROVIDE FISHING AND RECREATION FOR MEMBERS AND GUESTS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $246,745

Investment Income $5,742

Other Revenue $14,297

TOTAL REVENUE $266,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,214

Fundraising Expenses $0

Other Expenses $125,653

TOTAL EXPENSES $168,867

Year-over-Year Comparison

	2025	2024	Change
Revenue	$266,784	$250,188	+0.1%
Expenses	$168,867	$171,144	0.0%
Net Income	$97,917	$79,044	+0.2%

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

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
PENNY WAGNER	Secretary	1.00	Officer Director	$0	$0	$0
BRADY BOYD	Vice President	1.00	Officer Director	$0	$0	$0
STEVE OFFICE	AT-LARGE	1.00	Director	$0	$0	$0
JIM BRUSAK	Treasurer	1.00	Officer Director	$0	$0	$0
KEITH WALKER	President	1.00	Officer 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
2026	$266,784	$168,867	$2,342,167	$97,917
2025	$250,188	$171,144	$2,259,226	$79,044
2024	$309,637	$166,199	$2,158,829	$143,438
2023	$221,800	$166,861	$2,015,676	$54,939
2022	$159,660	$178,296	$1,961,885	$-18,636
2021	$188,905	$188,665	$1,980,578	$240
2020	$156,211	$176,413	$1,983,320	$-20,202
2019	$130,868	$153,316	$1,999,706	$-22,448