STEILACOOM LAKE IMPROVEMENT CLUB I… - Form 990 Financial Data

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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

1959

Legal Domicile

Principal Officer

ED BROOKS

Phone

2532274662

Tax Period

2025-01-01 to 2025-12-31

STEILACOOM LAKE IMPROVEMENT CLUB INC, founded in 1959, is a small nonprofit that reported $521K in total revenue in fiscal year 2025. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $174K, a strong 33% operating margin.

Mission

TO MAINTAIN WATER QUALITY OF STEILACOOM LAKE FOR RECREATIONAL AND AESTHETIC PURPOSES BY APPLICATION OF CHEMICALS AND PERIODIC TESTING TO MONITOR LAKE QUALITY

Program Service Accomplishments

Program 1

Expenses: $334,651 Revenue: $504,101

TO MAINTAIN AND MONITOR STEILACOOM LAKE IN PIERCE COUNTY WASHINGTON BY PERFORMING VARIOUS WATER QUALITY STUDIES, TO MAINTAIN LAKE LEVEL PER STATE GUIDELINES, AND APPLY CHEMICALS TO STEILACOOM LAKE...

TO MAINTAIN AND MONITOR STEILACOOM LAKE IN PIERCE COUNTY WASHINGTON BY PERFORMING VARIOUS WATER QUALITY STUDIES, TO MAINTAIN LAKE LEVEL PER STATE GUIDELINES, AND APPLY CHEMICALS TO STEILACOOM LAKE PERIODICALLY TO CONTROL PLANT LIFE, ALGAE AND SCHISTOSOMES. TO ENSURE THE LAKE AND THE ADJOINING LANDS CONTINUE TO BE UTILIZED BY THE GENERAL PUBLIC IN SWIMMING AND OTHER AQUATIC ARTS AND SCIENCES BY THE COMMUNITY.

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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 $504,101

Program Service Revenue $0

Investment Income $16,464

Other Revenue $0

TOTAL REVENUE $520,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $334,651

Other Expenses $346,595

TOTAL EXPENSES $346,595

Year-over-Year Comparison

	2025	2024	Change
Revenue	$520,565	$390,161	+0.3%
Expenses	$346,595	$440,101	-0.2%
Net Income	$173,970	$-49,940	-4.5%

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

N/A

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
PAUL NOGES	TRUSTEE	0.50	Director	$0	$0	$0
BRUCE BODINE	TRUSTEE	0.50	Director	$0	$0	$0
BRAD BOEDER	TRUSTEE	0.50	Director	$0	$0	$0
BARLOW BUESCHER	TRUSTEE	0.50	Director	$0	$0	$0
ALEX LEGLER	TRUSTEE	0.50	Director	$0	$0	$0
RON IRWIN	TRUSTEE	0.50	Director	$0	$0	$0
MORRIS NORTHCUTT	TRUSTEE	0.50	Director	$0	$0	$0
GREG REDISKE	SECRETARY	0.50	Officer Director	$0	$0	$0
CARRIE CRABBE	TRUSTEE	0.50	Director	$0	$0	$0
BARBARA TYRHOLM-WATSON	TRUSTEE	0.50	Director	$0	$0	$0
GREG HANSON	TRUSTEE	0.50	Director	$0	$0	$0
JEN IMHOLT	TRUSTEE	0.50	Director	$0	$0	$0
GARY BARTON	TRUSTEE	0.00	Director	$0	$0	$0
ED BROOKS	PRESIDENT	0.50	Officer	$0	$0	$0
MARY HORN	TREASURER	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
2025	$520,565	$346,595	$712,861	$173,970
2024	$390,161	$440,101	$538,891	$-49,940
2023	$369,719	$355,880	$588,831	$13,839
2022	$378,759	$261,200	$574,992	$117,559
2021	$382,480	$361,560	$457,433	$20,920
2020	$377,282	$332,898	$436,513	$44,384
2019	$553,498	$423,821	$392,129	$129,677
2018	$230,353	$286,130	$262,452	$-55,777

STEILACOOM LAKE IMPROVEMENT CLUB INC