LAKE OSWEGO CORPORATION

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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

1942

Legal Domicile

Principal Officer

JUSTIN HARNISH

Phone

5036361422

Tax Period

2025-01-01 to 2025-12-31

LAKE OSWEGO CORPORATION, founded in 1942, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2025. Expenses of $2.9M left a modest 11% surplus.

Mission

TO PROVIDE A SAFE AND CLEAN ENVIRONMENT FOR THE RESIDENTS OF LAKE OSWEGO AND PRESERVE THE NATURAL RESOURCES OF THE LAKE.

Program Service Accomplishments

Program 1

Expenses: $2,403,590 Revenue: $3,146,114

THE LAKE OSWEGO CORPORATION (LOC) PROVIDES STEWARDSHIP, SAFETY OVERSIGHT, AND ENVIRONMENTAL MANAGEMENT SERVICES FOR 698 LAKEFRONT PROPERTIES AND APPROXIMATELY 3,500 EASEMENT-ELIGIBLE PROPERTIES. TO SERVE THIS COMMUNITY, THE CORPORATION DELIVERS YEAR-ROUND OPERATIONAL AND EVIRONMENTAL SERVICES INCLUDING:-LAKE PATROL & SAFETY ENFORCEMENT: ROUTINE DAILY PATROL COVERAGE DURING PEAK SEASON AND SCHEDULED OFF-SEASON MONITORING TO ENSURE BOATING SAFETY, RULE COMPLIANCE, EMERGENCY RESPONSE READINESS, AND PROTECTION OF LIFE AND PROPERTY. THIS INCLUDES HUNDREDS OF PATROL HOURS ANNUALLY, SAFETY INSPECTIONS, INCIDENT RESPONSE, AND MEMBER ASSISTANCE.-WATER QUALITY MANAGEMENT: ONGOING TESTING, MONITORING, AND TREATMENT OF LAKE WATER TO MAINTAIN SAFE RECREATIONAL CONDITIONS AND ECOLOGICAL BALANCE. SERVICES INCLUDE REGULAR SAMPLING, LABORATORY ANALYSIS, ALGAE AND INVASIVE SPECIES CONTROL, AERATION, AND COORDINATED ENVIRONMENTAL MANAGEMENT PRACTICES TO PROTECT WATER CLARITY AND PUBLIC HEALTH.-POWER GENERATION OPERATIONS: MANAGEMENT AND MAINTENANCE OF HYDROELECTRIC AND RELATED INFRASTRUCTURE THAT SUPPORTS LAKE LEVEL REGULATION AND CONTRIBUTES TO RELIABLE, EFFICIENT OPERATIONS. ADMINISTRATIVE & MEMBER SERVICES: OVERSIGHT OF EASEMENTS, REGISTRATIONS, COMPLIANCE, AND COMMUNICATIONS SERVING THOUSANDS OF HOUSEHOLDS, INCLUDING PROCESSING PERMITS, MAINTAINING RECORDS, AND RESPONDING TO MEMBER INQUIRIES.THROUGH THESE COMBINED EFFORTS, THE LOC CONDUCTS THOUSANDS OF SERVICE HOURS ANNUALLY TO MAINTAIN SAFE RECREATION, CLEAN WATER, ENVIRONMENTAL SUSTAINABILITY, AND RELIABLE INFRASTRUCTURE, ENSURING THAT OSWEGO LAKE REMAINS A PROTECTED AND VALUABLE RESOURCE.

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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 $3,146,114

Investment Income $128,026

Other Revenue $13,936

TOTAL REVENUE $3,288,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,155,471

Fundraising Expenses $0

Program Expenses $2,403,590

Other Expenses $1,765,604

TOTAL EXPENSES $2,921,075

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,288,076	$3,425,730	0.0%
Expenses	$2,921,075	$3,238,397	-0.1%
Net Income	$367,001	$187,333	+1.0%

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

$219,718

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN HARNISH	PRESIDENT	5.00	Officer Director	$0	$0	$0
DOUG WOODCOCK	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
RICK JOHNSON	TREASURER	5.00	Officer Director	$0	$0	$0
AMY GADDIS	SECRETARY	5.00	Officer Director	$0	$0	$0
JEFF EDELSON	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
GRANT HANSON	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
TIM KERR	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
JOHN MEDAK	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
KATHARYN THOMPSON	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
LARRY THOMPSON	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
KATY BROWN TROFTGRUBEN	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
SCOTT WITTENBERG	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
JEFF WARD	GENERAL MANAGER	40.00	Officer	$203,246	$16,472	$219,718
CHRISTINA BAILEY	OFFICE MANAGER	40.00	Highest	$115,073	$12,417	$127,490
GABRIEL WINFREY	ASSISTANT GENERAL MANAGER	40.00	Highest	$138,889	$13,026	$151,915

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	$3,288,076	$2,921,075	$8,043,688	$367,001
2024	$3,425,730	$3,238,397	$7,661,681	$187,333
2023	$3,546,039	$2,765,163	$7,388,423	$780,876
2022	$2,925,835	$3,446,256	$6,453,571	$-520,421
2021	$2,947,752	$2,461,211	$6,983,283	$486,541
2020	$2,912,834	$2,650,984	$6,716,676	$261,850
2019	$2,521,873	$2,356,317	$6,468,655	$165,556
2018	$2,405,662	$2,196,319	$6,313,451	$209,343