Tri County Recreation Association EIN 42-1045692 Form 990 (PDF) Claim this org

Tri County Recreation Association

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Provides a recreation area to improve social and cultural well-being. For fiscal year 2025 it reported $186K in revenue, $230K in expenses, and $141K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Buffalo Ctr, IA
Website
gruisrecreation.com
Filings
1 on file (2025–2025)
Revenue
$186KFY2025
Expenses
$230K
Net assets
$141K
People
6
Filings
1
Updates
0
More identity details & actions ⌄
EIN  42-1045692 Public charity (501(c)(3)) Buffalo Ctr, IA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides a recreation area to improve social and cultural well-being.
Leadership
Mitchell Engelbarts · Vice Preside
Money in and out
$186K revenue, $230K expenses
Bottom line
94% program efficiency
Where the money goes · FY2025
Total revenue
$186K
Pt VIII · Ln 12
Total expenses
$230K
Pt IX · Ln 25
Net assets
$141K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$44K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs
Operating runway
1.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-24%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total revenue
$186K
Pt VIII · Ln 12
Total expenses
$230K
Pt IX · Ln 25
Net assets
$141K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$44K
Total assetsPt X · Ln 16$141K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTri County Recreation Association
EINHdr · item D42-1045692
Principal addressHdr · item CBuffalo Ctr, IA
WebsiteHdr · item Jgruisrecreation.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N6A)
Ruling yearIRS BMFMar 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Tri County Recreation Association executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $217K of program spending, described in the organization's own filed words · FY2025.
01

To promote, encourage and foster the common good and general welfare of the citizens residing within and around winnebago, kossuth, and hancock counties, iowa and more specifically, the communities of buffalo center, crystal lake, lakota, rake, thompson, titonka and woden, iowa, by providing and facilitating a recreation area to enhance…

$217Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$90K · 49%
Contributions & grants$87K · 47%
Other revenue$8K · 4%
Program service revenue49%$90K
Contributions & grants47%$87K
Other revenue4%$8K
— government grantsLn 1e$15K
Total revenueLn 12$186K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$217K
Management & general6%$13K
Total functional expensesLn 25$230K

Balance Sheet

Part X · end of year
CashLn 1$19K
Total assetsLn 16$141K
Total liabilitiesLn 26$0
Total net assetsLn 32$141K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $22K · Operating expenses/yr $230K
1.2 months
Where the money goes
Program services
Program services $217K · Total expenses $230K
94%
Management & General
Management & general $13K · Total expenses $230K
6%
Fundraising
Fundraising $0 · Total expenses $230K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $72K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $87K · Total revenue $186K
47%
Government reliance
Government grants $15K · Total revenue $186K
8%
Earned-income share
Program service revenue $90K · Total revenue $186K
49%
Investment reliance
Investment income $0 · Total revenue $186K
0%
Program self-sufficiency
Program service revenue $90K · Total expenses $230K
39%
Growth & trend
Revenue growth (YoY)
This year $186K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $141K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $186K · Expenses $230K
-24%
Liabilities-to-Assets
Total liabilities — · Total assets $141K
Net-asset ratio
Net assets $141K · Total assets $141K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $141K
2%
People & payroll
Highest Reported Total Compensation
Individual Mitchell Engelbarts · Reported title VICE PRESIDE · Highest reported compensation $0 · Total expenses $230K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $230K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Accounting fee ratio 2%

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$186K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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