OSAKIS LAKE ASSOCIATION INC (EIN 912038728) - 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

1977

Legal Domicile

Principal Officer

BRUCE MAGNUS

Phone

5079511332

Tax Period

2025-01-01 to 2025-12-31

OSAKIS LAKE ASSOCIATION INC, founded in 1977, is a small nonprofit in the Environment sector that reported $164K in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $99K, a strong 60% operating margin.

Mission

RESTORE, ENHANCE AND PROTECT THE FISHERY AND WATER QUALITY OF LAKE OSAKIS. IMPROVE, MANAGE AND PRESERVE THE LOCAL ENVIRONMENT CONTIGUOUS TO THE LAKE AND ITS WATERSHED. SUPPORT RIGHTS AND INTERESTS OF MEMBERS AND PROPERTY OWNERS. EDUCATE DEVELOP WORKING RELATIONSHIPS WITH AGENCIES, ORGANIZATIONS AND INDIVIDUALS.

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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 $79,982

Program Service Revenue $58,077

Investment Income $3,747

Other Revenue $22,416

TOTAL REVENUE $164,222

Expense Breakdown

Grants Paid $1,800

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,143

Other Expenses $63,343

TOTAL EXPENSES $65,143

Year-over-Year Comparison

	2025	2024	Change
Revenue	$164,222	$190,214	-0.1%
Expenses	$65,143	$134,832	-0.5%
Net Income	$99,079	$55,382	+0.8%

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
BRUCE MAGNUS	PRESIDENT	001.00	Officer	$0	$0	$0
DOUG SCHMIDT	VICE PRESIDENT	001.00	Officer	$0	$0	$0
ROXANNE MALUM	TREASURER	005.00	Officer	$0	$0	$0
MIKE HELWIG	SECRETARY	003.00	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
2025	$164,222	$65,143	$345,620	$99,079
2024	$190,214	$134,832	$248,034	$55,382
2023	$152,195	$54,563	$192,109	$97,632
2022	$118,589	$85,501	$93,472	$33,088

OSAKIS LAKE ASSOCIATION INC