Morrison Lake Resort Association
EIN: 380852750 · Saranac, MI
| Metric | Value |
|---|---|
| Total Revenue | $321K |
| Total Expenses | $37K |
| Net Assets | $466K |
Is Morrison Lake Resort Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Morrison Lake Resort Association
Morrison Lake Resort Association (EIN: 380852750) is a nonprofit organization based in Saranac, MI. The organization reported total revenue of $321K and total assets of $349K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morrison Lake Resort Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morrison Lake Resort Association is a small nonprofit that has been operating for 80 years, with 11 years of IRS 990 filings on record (2014–2024). Revenue has grown at a compound annual rate of 20.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $322K |
| Total Expenses | $37K |
| Surplus / Deficit | +$286K |
| Total Assets | $466K |
| Net Assets | $466K |
| Operating Margin | 88.7% |
| Months of Reserves | 152.9 months |
Financial Health Grade: A
In 2024, Morrison Lake Resort Association reported a surplus of $286K with revenue exceeding expenses, holds 152.9 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2014–2024), Morrison Lake Resort Association's revenue has grown at a compound annual growth rate (CAGR) of 20.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +360.8% | -6.1% | +158.6% |
| 2023 | +18.6% | -34.7% | +20.8% |
| 2022 | -23.6% | +63.6% | -0.4% |
| 2021 | +-0.0% | -33.8% | +37.4% |
| 2020 | +2.3% | +12.2% | +25.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Morrison Lake Resort Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Morrison Lake Resort Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $286K, with revenue exceeding expenses.
Frequently Asked Questions about Morrison Lake Resort Association
Is Morrison Lake Resort Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Morrison Lake Resort Association (EIN: 380852750) insufficient data. 0 red flags identified, 0 strengths noted.
How does Morrison Lake Resort Association spend its money?
Detailed spending breakdown data is not yet available for Morrison Lake Resort Association. Check back for updated IRS 990 analysis.
Are donations to Morrison Lake Resort Association tax-deductible?
Morrison Lake Resort Association is registered as a tax-exempt nonprofit (EIN: 380852750). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morrison Lake Resort Association located?
Morrison Lake Resort Association is headquartered in Saranac, Michigan and files with the IRS under EIN 380852750.
How many years of IRS 990 filings does Morrison Lake Resort Association have?
Morrison Lake Resort Association has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $321K in total revenue.
Filing History
IRS 990 filing history for Morrison Lake Resort Association showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2014–2024), Morrison Lake Resort Association's revenue has grown by 526.7%, moving from $51K to $322K. Total assets increased by 1097.9% over the same period, from $39K to $466K. Total functional expenses fell by 22.8%, from $47K to $37K. In its most recent filing year (2024), Morrison Lake Resort Association reported a surplus of $286K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $322K | $37K | $466K | $0 | — | — |
| 2023 | $70K | $39K | $180K | $0 | — | View 990 |
| 2022 | $59K | $60K | $149K | $0 | — | View 990 |
| 2021 | $77K | $36K | $150K | $0 | — | View 990 |
| 2020 | $77K | $55K | $109K | $0 | — | — |
| 2019 | $76K | $49K | $87K | $0 | — | View 990 |
| 2018 | $67K | $73K | $61K | $0 | — | View 990 |
| 2017 | $76K | $83K | $66K | $0 | — | View 990 |
| 2016 | $72K | $24K | $73K | $0 | — | View 990 |
| 2015 | $58K | $72K | $25K | $0 | — | View 990 |
| 2014 | $51K | $47K | $39K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $322K, expenses of $37K, and assets of $466K (revenue +360.8% year-over-year).
- 2023: Revenue of $70K, expenses of $39K, and assets of $180K (revenue +18.6% year-over-year).
- 2022: Revenue of $59K, expenses of $60K, and assets of $149K (revenue -23.6% year-over-year).
- 2021: Revenue of $77K, expenses of $36K, and assets of $150K (revenue +-0.0% year-over-year).
- 2020: Revenue of $77K, expenses of $55K, and assets of $109K (revenue +2.3% year-over-year).
- 2019: Revenue of $76K, expenses of $49K, and assets of $87K (revenue +12.4% year-over-year).
- 2018: Revenue of $67K, expenses of $73K, and assets of $61K (revenue -11.7% year-over-year).
- 2017: Revenue of $76K, expenses of $83K, and assets of $66K (revenue +5.6% year-over-year).
- 2016: Revenue of $72K, expenses of $24K, and assets of $73K (revenue +23.8% year-over-year).
- 2015: Revenue of $58K, expenses of $72K, and assets of $25K (revenue +13.2% year-over-year).
- 2014: Revenue of $51K, expenses of $47K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morrison Lake Resort Association:
Data Sources and Methodology
This transparency report for Morrison Lake Resort Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.