North American Lake Management Society
North American Lake Management Society shows strong asset growth and no reported officer compensation.
EIN: 10372129 · Caledonia, MN · NTEE: C033 · Updated: 2026-03-28
Is North American Lake Management Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North American Lake Management Society directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North American Lake Management Society
North American Lake Management Society (EIN: 10372129) is a nonprofit organization based in Caledonia, MN, classified under NTEE code C033. The organization reported total revenue of $676K and total assets of $889K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North American Lake Management Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North American Lake Management Society with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, North American Lake Management Society allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size with current assets of $829,994.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for North American Lake Management Society:
- Consistent 0% officer compensation reported across all filings, indicating high efficiency.
- Significant growth in assets from $158,052 in 2017 to $829,994 in 2023, demonstrating financial stability.
- Positive net income in most recent filing ($899,924 revenue vs. $707,516 expenses), contributing to reserves.
- Low liabilities relative to assets, suggesting good financial management and solvency.
- Consistent IRS 990 filing history, indicating strong transparency and compliance.
Frequently Asked Questions about North American Lake Management Society
Is North American Lake Management Society a legitimate charity?
Based on AI analysis of IRS 990 filings, North American Lake Management Society (EIN: 10372129) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does North American Lake Management Society spend its money?
North American Lake Management Society directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North American Lake Management Society tax-deductible?
North American Lake Management Society is registered as a tax-exempt nonprofit (EIN: 10372129). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is North American Lake Management Society a good charity?
Based on the available financial data, NALMS appears to be a good charity. It demonstrates strong financial health with growing assets, efficient spending (0% officer compensation), and consistent program focus.
How has NALMS's financial health changed over time?
NALMS's financial health has generally improved, with assets growing from $158,052 in 2017 to $829,994 in 2023. While revenue has been volatile, the organization has consistently maintained positive net assets and managed expenses effectively.
What is the trend in NALMS's revenue?
NALMS's revenue has shown significant fluctuations, ranging from a low of $263,830 in 2020 to a high of $1,027,202 in 2019, and most recently $899,924 in 2023. This indicates a variable funding stream, which is common for many nonprofits.
Filing History
IRS 990 filing history for North American Lake Management Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North American Lake Management Society's revenue has grown by 46.1%, moving from $616K to $900K. Total assets increased by 169.6% over the same period, from $308K to $830K. Total functional expenses rose by 25.6%, from $563K to $708K. In its most recent filing year (2023), North American Lake Management Society reported a surplus of $192K, with revenue exceeding expenses. The organization holds $90K in liabilities against $830K in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $740K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $900K | $708K | $830K | $90K | — | View 990 |
| 2022 | $502K | $536K | $635K | $97K | — | View 990 |
| 2021 | $480K | $335K | $669K | $86K | — | View 990 |
| 2020 | $264K | $274K | $494K | $65K | — | View 990 |
| 2019 | $1.0M | $726K | $489K | $57K | — | View 990 |
| 2018 | $412K | $412K | $230K | $107K | — | View 990 |
| 2017 | $428K | $525K | $158K | $33K | — | View 990 |
| 2016 | $770K | $734K | $249K | $32K | — | View 990 |
| 2015 | $447K | $514K | $206K | $23K | — | View 990 |
| 2014 | $732K | $714K | $323K | $73K | — | View 990 |
| 2013 | $349K | $449K | $278K | $42K | — | View 990 |
| 2012 | $967K | $837K | $420K | $84K | — | View 990 |
| 2011 | $616K | $563K | $308K | $76K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $900K, expenses of $708K, and assets of $830K (revenue +79.3% year-over-year).
- 2022: Revenue of $502K, expenses of $536K, and assets of $635K (revenue +4.5% year-over-year).
- 2021: Revenue of $480K, expenses of $335K, and assets of $669K (revenue +82.1% year-over-year).
- 2020: Revenue of $264K, expenses of $274K, and assets of $494K (revenue -74.3% year-over-year).
- 2019: Revenue of $1.0M, expenses of $726K, and assets of $489K (revenue +149.2% year-over-year).
- 2018: Revenue of $412K, expenses of $412K, and assets of $230K (revenue -3.8% year-over-year).
- 2017: Revenue of $428K, expenses of $525K, and assets of $158K (revenue -44.4% year-over-year).
- 2016: Revenue of $770K, expenses of $734K, and assets of $249K (revenue +72.2% year-over-year).
- 2015: Revenue of $447K, expenses of $514K, and assets of $206K (revenue -38.9% year-over-year).
- 2014: Revenue of $732K, expenses of $714K, and assets of $323K (revenue +109.5% year-over-year).
- 2013: Revenue of $349K, expenses of $449K, and assets of $278K (revenue -63.9% year-over-year).
- 2012: Revenue of $967K, expenses of $837K, and assets of $420K (revenue +57.1% year-over-year).
- 2011: Revenue of $616K, expenses of $563K, and assets of $308K.
Data Sources and Methodology
This transparency report for North American Lake Management Society 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.