Friends of Lake Monroe Inc

Nonprofit profile at a glance

EIN
824844080
IRS 990-EZ coverage
2020–2025
Forms available
Form 990-EZ 2025, Form 990-N 2019
Location
Bloomington, IN, USA
Phone
8125584344
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Water Resource, Wetlands Conservation and Management

Official website

Reported finances

Revenue
$138,411
Expenses
$98,673
Assets
$130,019
Liabilities
$0

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

Leadership & pay

7 people listed

Executive titles in this filing

  • Sherry Mitchell-Bruker (President)
  • Lisa Townsend (Vice President)

People named in this filing

  • Sherry Mitchell-Bruker (President)
  • Lisa Townsend (Vice President)
  • Joseph Ryan (Treasurer)

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

To protect and enhance Lake Monroe and its watershed through science, advocacy, and public involvement: working collaboratively with citizens, government, and business to improve and support lake water quality. Friends of Lake Monroe envisions a regional community that appreciates, sustains, and enjoys the lake, including its larger surrounding ecosystems, to ensure drinkable, swimmable, and fishable waters.

What it reported doing in 2025

In 2025, the Friends of Lake Monroe (FLM) implemented the Watershed Management Plan (WMP) for Lake Monroe through a septic voucher reimbursement program, a cost share program for on-farm investments to reduce watershed pollution from agriculture, and numerous education and outreach activities.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 62% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 100
  • Sustainability: 73
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.6%; rating input score 45
  • Program expense ratio: 61.8%; rating input score 62

Transparency & Controls

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

Sustainability

  • Operating margin: 28.7%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 1.32; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -3.5% per year; rating input score 0; 22nd percentile among comparable filings
  • Revenue growth: 14.1% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 15.9% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 44.6% of revenue deployed · 61.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $61K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 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 — Financial Efficiency: Mission deployment rate scored 45/100.
  • High — Growth: Program expense growth scored 0/100.