Lake Region Arts Council Inc
Fergus Falls, Minnesota
B-Health Score
52B-
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Average
💰
$829K
Total Revenue
📊
$817K
Total Expenses
🏦
$71K
Net Assets
📋
$97K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-5.8%
Year-over-year change (2022 → 2023)
Net Margin
+1.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.09
Net assets divided by total expenses
Liabilities-to-Assets
57.6%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $829,235↓6% | $817,252↓3% | $167,913↓22% | |
| 2022 | $880,468↑39% | $844,326↑28% | $216,379↓35% | — |
| 2021 | $633,356↓8% | $659,763↓6% | $331,018↑69% | — |
| 2020 | $690,235↓2% | $703,105↓1% | $195,728↑46% | — |
| 2019 | $707,199↑11% | $711,996↑12% | $134,013↑1% | — |
| 2018 | $636,873 | $634,883↓9% | $132,442↓8% | — |
| 2017 | $633,728↑10% | $696,785↑11% | $144,319↓33% | — |
| 2016 | $574,424↓24% | $630,161↓5% | $216,601↓26% | — |
| 2015 | $759,450↑21% | $665,363↑9% | $292,109↑57% | — |
| 2014 | $628,145↑8% | $612,129↑4% | $185,510↓15% | — |
| 2013 | $579,371↓19% | $588,559↑4% | $218,501↓38% | — |
| 2012 | $713,179↑28% | $567,611↓3% | $351,101↑105% | — |
| 2011 | $557,889 | $586,000 | $171,319 | — |
Frequently Asked Questions
What does Lake Region Arts Council Inc do?▼
Lake Region Arts Council Inc is a arts, culture & humanities nonprofit organization based in Minnesota. It is classified under NTEE code A26Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Lake Region Arts Council Inc financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Lake Region Arts Council Inc.
How much revenue does Lake Region Arts Council Inc generate?▼
Lake Region Arts Council Inc reports $950K in annual revenue and holds $209K in total assets, based on IRS filings.
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