0225 Forest Lake

Forest Lake, MN · Mutual-benefit / member-serving · Since 1930

✓ Tax-deductible Latest data FY2024
Revenue
$453K
▲ ×17 vs prior year
Spent
$185K
To programs
56%
Net assets
$1.3M

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
Not on file
Spent on programs?
56% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ ×17 vs prior year
Legal name (IRS)Hdr · item C0225 Forest Lake
EINHdr · item D41-0712862
Exempt statusHdr · item I501(c)(19) · active
Ruling yearIRS BMFMar 1962
Year of formationHdr · item L1930
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CForest Lake, MN
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.post225.com

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.56 Management & general $0.44 Fundraising $0.00
Program services56%$104K
Management & general44%$81K
Fundraising$250
Total functional expensesLn 25$185K

Financial health

Revenue & expenses by yearFY2021–FY2024
Revenue
$453K
FY2024▲ ×17
Expenses
$185K
FY2024▲ +420%
Surplus margin
+59%
revenue over expenses, this year▲ +268% vs prior filing year
Program spending
56%
of expenses reach programs▼ -17% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.8M
FY2024▲ +30%
Total liabilities
$453K
FY2024▼ -28%
Revenue less expensesPt I · Ln 19$268K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B56%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$519K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$453K
Total net assetsLn 32$1.3M
Months of cash on handcomputed33.6

Statement of Revenue

Part VIII
Other revenue$324K · 72%
Program service revenue$92K · 20%
Contributions & grants$37K · 8%
Other revenue72%$324K
Program service revenue20%$92K
Contributions & grants8%$37K
Investment income$10
Total revenueLn 12$453K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $519K · Operating expenses/yr $185K
33.6 months
Where the money goes
Program services
Program services $104K · Total expenses $185K
56%
Management & General
Management & general $81K · Total expenses $185K
44%
Fundraising
Fundraising $250 · Total expenses $185K
0.1%
Cost to raise $1
Fundraising expense (3-yr avg) $83 · Solicited contributions (3-yr avg) $54K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $37K · Total revenue $453K
8%
Government reliance
Government grants — · Total revenue $453K
—
Earned-income share
Program service revenue $92K · Total revenue $453K
20%
Investment reliance
Investment income $10 · Total revenue $453K
<0.01%
Program self-sufficiency
Program service revenue $92K · Total expenses $185K
49%
Growth & trend
Revenue growth (YoY)
This year $453K · Prior year $26K
×17
Revenue CAGR
FY2020 $103K · FY2024 $453K
+45%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $453K · Expenses $185K
+59%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
—
Net-asset ratio
Net assets $1.3M · Total assets $1.8M
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Vicky Petry · Reported title Past Commander · Highest reported compensation $0 · Total expenses $185K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $185K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 56%——
Overhead ratio 44%——
Fundraising cost ratio 0.7%——
Revenue growth ×17——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Past Commander
$0Pt VII · Sec A
Finance Officer
$0Pt VII · Sec A
Chaplain
$0Pt VII · Sec A
Commander
$0Pt VII · Sec A
Gambling Manager
$0Pt VII · Sec A
Membership
$0Pt VII · Sec A
2nd Vice Commander
$0Pt VII · Sec A
Service Officerhistorian
$0Pt VII · Sec A
See 0225 Forest Lake executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Supports military members and veterans, fosters community improvement, and sponsors local events and youth programs.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $104K of program spending, described in the organization's own filed words · FY2024.
01

Serve military veteran membership and promote community improvement by sponsoring the local 4th of July celebration, youth programs, Legion baseball and other community activities and events.

$104Kprogram expense

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Filing history

YearRevenueExpensesChangeFiling
FY2024 $26K$36K-64% 990 PDF
FY2023 $74K$45K+285% 990 PDF
FY2022 $-40K$31K-139% 990 PDF
FY2021 $103K$35K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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