LAKE OF THE WOODS TOURISM (EIN 990586166) - 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

2024

Legal Domicile

Principal Officer

JOSEPH A HENRY

Phone

2186341174

Tax Period

2024-01-01 to 2024-12-31

LAKE OF THE WOODS TOURISM, founded in 2024, is a small nonprofit that reported $437K in total revenue in fiscal year 2024. Expenses of $502K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO INSPIRE AND FACILITATE MEMORABLE AND ENRICHING TRAVEL EXPERIENCES THAT FOSTER CULTURAL UNDERSTANDING, ECONOMIC GROWTH, AND ENVIRONMENTAL STEWARDSHIP IN THE LOCAL COMMUNITIES SURROUNDING LAKE OF THE WOODS MINNESOTA.

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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 $15,000

Program Service Revenue $418,110

Investment Income $4,327

Other Revenue $0

TOTAL REVENUE $437,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,491

Fundraising Expenses $0

Program Expenses $484,987

Other Expenses $350,972

TOTAL EXPENSES $502,463

Year-over-Year Comparison

	2024	2023	Change
Revenue	$437,437	N/A	N/A
Expenses	$502,463	N/A	N/A
Net Income	$-65,026	N/A	N/A

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

N/A

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
PAUL ARNESEN	CHAIR OF THE BOARD	1.00	Officer	$0	$0	$0
GREGG HENNUM	VICE CHAIR	1.00	Officer	$0	$0	$0
PAUL JOHNSON	TREASURER	1.00	Officer	$0	$0	$0
JESSIE ANTHONY	DIRECTOR	1.00	Director	$0	$0	$0
GAYLE ECKLUND	DIRECTOR	1.00	Director	$0	$0	$0
LANCE SAGE	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH HENRY	EXECUTIVE DIRECTOR	40.00	Highest	$0	$0	$121,069

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	$437,437	$502,463	$510,410	$-65,026

LAKE OF THE WOODS TOURISM