Tofte Lake Center
Ely, Minnesota
BHealth Score
60B
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Above Average
💰
$270K
Total Revenue
📊
$355K
Total Expenses
🏦
$341K
Net Assets
📋
$4K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-14.5%
Year-over-year change (2022 → 2023)
Net Margin
-31.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.96
Net assets divided by total expenses
Liabilities-to-Assets
1.1%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $270,494↓15% | $355,453↑45% | $344,594↓20% | — |
| 2022 | $316,460↑54% | $244,384↑23% | $428,701↑21% | — |
| 2021 | $205,114↑21% | $198,828↑41% | $353,692↑2% | — |
| 2020 | $170,001↓6% | $140,838↓7% | $347,806↑9% | — |
| 2019 | $180,740↑21% | $151,787↑18% | $318,243↑10% | — |
| 2018 | $149,957↑12% | $128,305↓1% | $289,290↑8% | — |
| 2017 | $133,828↑14% | $130,111↑11% | $267,638↓1% | — |
| 2016 | $117,642↓4% | $116,931↑20% | $271,055↑2% | — |
| 2015 | $122,366↑30% | $97,232↑26% | $265,635↑11% | — |
| 2014 | $93,916↓5% | $77,042↓3% | $238,801↑7% | — |
| 2013 | $98,875↓26% | $79,338↑73% | $222,702↑10% | — |
| 2012 | $132,940↑72% | $45,738↓12% | $202,790↑75% | — |
| 2011 | $77,256 | $51,898 | $115,713 | — |
Frequently Asked Questions
What does Tofte Lake Center do?▼
Tofte Lake Center is a arts, culture & humanities nonprofit organization based in Minnesota. It is classified under NTEE code A20 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Tofte Lake Center financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Tofte Lake Center.
How much revenue does Tofte Lake Center generate?▼
Tofte Lake Center reports $323K in annual revenue and holds $343K in total assets, based on IRS filings.
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