Ericson Lake Inc

Nonprofit profile at a glance

EIN
470615440
IRS 990-EZ coverage
2020–2025
Forms available
Form 990-EZ 2025
Location
Ericson, NE, USA
Phone
3087283015
Rating
88
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$103,067
Expenses
$95,810
Assets
$243,265

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • JOE WADAS (PRESIDENT)

People named in this filing

  • JOE WADAS (PRESIDENT)
  • PAUL KYNCL (VICE PRESIDE)
  • CYNDI SCHURE (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Recreation

What it reported doing in 2025

Maintain eight camper parking areas, three picnic shelters, a 1.5 mile camping trail, 2.5 miles shoreline on a 3.5 acre lake, public beach, restrooms, equipment, remove solid waste, fuel, power and insurance.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 82
  • Sustainability: 55
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93%; rating input score 93
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 7%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 2.54; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 10.7% per year; rating input score 100; 60th percentile among comparable filings
  • Revenue growth: 8.1% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: -1.5% per year; rating input score 0; 22nd percentile among comparable filings

Details

  • Where the money goes: 93% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $96K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 49/100.
  • High — Growth: Asset growth scored 0/100.