LAKE REGION SNOWMOBILE CLUB INC

EIN: 853918256 501(c)(3) Recreation & Sports

DEVILS LAKE, ND

Total Revenue
$118,933
Total Expenses
$69,924
Total Assets
$958,437
Net Assets
$958,437
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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
2021
Legal Domicile
ND
Principal Officer
CATLAN LYSNE
Phone
7013515114
Tax Period
2024-07-01 to 2025-06-30

LAKE REGION SNOWMOBILE CLUB INC, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $119K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $49K, a strong 41% operating margin.

Mission

MAINTENANCE & IMPROVEMENTS TO PROVICE SAFE SNOWMOBILE TRAILS IN THE LAKE REGION

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,777
Program Service Revenue $0
Investment Income $50
Other Revenue $109,106
TOTAL REVENUE $118,933

Expense Breakdown

Grants Paid $57,626
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $69,924
Other Expenses $12,298
TOTAL EXPENSES $69,924

Year-over-Year Comparison

2024 2023 Change
Revenue $118,933 $185,027 -0.4%
Expenses $69,924 $114,414 -0.4%
Net Income $49,009 $70,613 -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
5
Employees
N/A
Volunteers
15

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATLAN LYSNE PRESIDENT N/A
Officer
$0 $0 $0
QUINCE HAMBECK DIRECTOR N/A
Officer
$0 $0 $0
KEVIN KVALEVOG VICE PRESIDENT N/A
$0 $0 $0
TORY HAUGLAND DIRECTOR N/A
$0 $0 $0
MARGARET KVALEVOG SEC/TREASURER N/A
Director
$0 $0 $0
BOB REIERSON DIRECTOR N/A
Director
$0 $0 $0
CASEY WILHELMI DIRECTOR N/A
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
2025 $118,933 $69,924 $958,437 $49,009
2024 $185,027 $114,414 $909,465 $70,613
2023 $277,629 $28,595 $804,628 $249,034
2022 $306,234 $118,072 $555,830 $188,162
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