Lake Area Improvement Corporation
Madison, South Dakota
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,155,045↓18% | $491,575↑17% | $15,390,380↑11% | — |
| 2022 | $1,415,608↑38% | $419,270↑5% | $13,919,557↑16% | — |
| 2021 | $1,027,116↑113% | $400,585↑21% | $11,953,132↑6% | — |
| 2020 | $482,303↑3% | $330,279↑36% | $11,324,797↓2% | — |
| 2019 | $470,287↑423% | $243,524↓27% | $11,557,104↑2% | — |
| 2018 | -$145,438↓124% | $334,397↓39% | $11,355,267↑99% | — |
| 2017 | $600,742↓53% | $546,622↓30% | $5,711,086↑4% | — |
| 2016 | $1,283,569↑131% | $782,426↑73% | $5,469,649↓11% | — |
| 2015 | $554,692↑3% | $451,551↓19% | $6,132,796↑7% | — |
| 2014 | $538,186↓36% | $560,207↓25% | $5,716,975↓5% | — |
| 2013 | $838,900↓48% | $747,093↑34% | $6,004,474↓2% | — |
| 2012 | $1,628,460↑1236% | $557,081↓26% | $6,133,304↑23% | — |
| 2011 | $121,865 | $757,727 | $4,989,233 | — |
Frequently Asked Questions
What does Lake Area Improvement Corporation do?▼
Lake Area Improvement Corporation is a community improvement & capacity building nonprofit organization based in South Dakota. It is classified under NTEE code S30Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Lake Area Improvement Corporation financially healthy?▼
Based on our 9-metric Financial Health Score model, Lake Area Improvement Corporation has a score of 71/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Lake Area Improvement Corporation generate?▼
Lake Area Improvement Corporation reports $6.9M in annual revenue and holds $20.0M in total assets, based on IRS filings.
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