IRON RIVER PIKE CHAIN OF LAKES

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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

2009

Legal Domicile

Principal Officer

AL BOCHLER

Phone

7152921617

Tax Period

2024-01-01 to 2024-12-31

IRON RIVER PIKE CHAIN OF LAKES, founded in 2009, is a small nonprofit in the Environment sector that reported $167K in total revenue in fiscal year 2024. Revenue surged 127% from the prior year, signaling strong growth momentum. The organization ran a surplus of $114K, a strong 68% operating margin.

Mission

PROMOTE SUSTAINABLE MANAGEMENT OF THE PIKE CHAIN OF LAKES BY MONITORING LAKE QUALITY AND EFFORTS TO CONTROL INVASIVE MILFOIL.

Program Service Accomplishments

Program 1

Expenses: $52,995

PROMOTE SUSTAINABLE MANAGEMENT OF THE THE PIKE CHAIN OF LAKES BY MONITORING LAKE QUALITY AND EFFORTS TO CONTROL INVASIVE MILFOIL.

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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 $159,787

Program Service Revenue $0

Investment Income $7,284

Other Revenue $321

TOTAL REVENUE $167,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,496

Fundraising Expenses $0

Program Expenses $52,995

Other Expenses $31,499

TOTAL EXPENSES $52,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,392	$73,755	+1.3%
Expenses	$52,995	$95,612	-0.4%
Net Income	$114,397	$-21,857	-6.2%

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

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
JIM BENDER	DIRECTOR	1.00	Director	$0	$0	$0
JAKE GRESS	DIRECTOR	1.00	Director	$0	$0	$0
PAULA MILLAR	DIRECTOR	1.00	Director	$0	$0	$0
RYAN NELSON	DIRECTOR	1.00	Director	$0	$0	$0
DEREK OGLE	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINA SORENSON	DIRECTOR	1.00	Director	$0	$0	$0
AMY WANGSTEEN	DIRECTOR	1.00	Director	$0	$0	$0
AL BOCHLER	PRESIDENT	4.00	Officer	$0	$0	$0
JOHN COFFEY	TREASURER	5.00	Officer	$0	$0	$0
JAY JOHNSON	PAST PRESIDE	8.00	Officer	$0	$0	$0
TOM SANDANGER	SECRETARY	3.00	Officer	$0	$0	$0
EDWARD WANGENSTEEN	VICE PRESIDE	1.00	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
2024	$167,392	$52,995	$308,280	$114,397