NORTH AMERICAN LAKE MANAGEMENT SOCIETY INC (EIN 010372129) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

PHILIP FORSBERG

Phone

6082332836

Tax Period

2024-01-01 to 2024-12-31

NORTH AMERICAN LAKE MANAGEMENT SOCIETY INC, founded in 2014, is a small nonprofit in the Environment sector that reported $676K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $652K left a modest 3% surplus.

Mission

TO FORGE PARTNERSHIPS AMONG CITIZENS, SCIENTISTS, AND PROFESSIONALS TO FOSTER THE MANAGEMENT AND PROTECTION OF LAKES AND RESERVOIRS FOR TODAY AND TOMORROW.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22,569

Program Service Revenue $613,322

Investment Income $6,890

Other Revenue $32,746

TOTAL REVENUE $675,527

Expense Breakdown

Grants Paid $14,244

Salaries & Benefits $164,722

Fundraising Expenses $28,701

Program Expenses $495,108

Other Expenses $473,412

TOTAL EXPENSES $652,378

Year-over-Year Comparison

	2024	2023	Change
Revenue	$675,527	$899,924	-0.2%
Expenses	$652,378	$707,516	-0.1%
Net Income	$23,149	$192,408	-0.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$82,654

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLIE MERRELL	PRESIDENT	3.00	Officer Director	$0	$0	$0
KIYOKO YOKOTA	PAST PRESIDENT (LEFT NOVEMBER)	3.00	Officer Director	$0	$0	$0
VICTORIA CHRAIBI	PRESIDENT-ELECT	3.00	Officer Director	$0	$0	$0
JULIE CHAMBERS	PRESIDENT-ELECT (JOINED NOV)	3.00	Officer Director	$0	$0	$0
SHANNON BRATTEBO	TREASURER	3.00	Officer Director	$0	$0	$0
DANIELLE WAIN	SECRETARY	3.00	Officer Director	$0	$0	$0
AMY GIANNOTTI	DIRECTOR (LEFT MARCH)	1.00	Director	$0	$0	$0
BEN RHOADES	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GINN	DIRECTOR	1.00	Director	$0	$0	$0
CALEB OWEN	DIRECTOR	1.00	Director	$0	$0	$0
CAMILLLE LEBLANC	DIRECTOR (JOINED DECEMBER)	1.00	Director	$0	$0	$0
DEENA HANNOUN	DIRECTOR	1.00	Director	$0	$0	$0
DENDY LOFTON	DIRECTOR (JOINED NOVEMBER)	1.00	Director	$0	$0	$0
EMILY MAYER	DIRECTOR (JOINED NOVEMBER)	1.00	Director	$0	$0	$0
JAY TOEWS	DIRECTOR (LEFT NOVEMBER)	1.00	Director	$0	$0	$0
JEREMY DEEDS	DIRECTOR	1.00	Director	$0	$0	$0
LEE BRYANT	DIRECTOR (LEFT NOVEMBER)	1.00	Director	$0	$0	$0
LIZ FAVOT	DIRECTOR	1.00	Director	$0	$0	$0
MARK ROSENKRANZ	DIRECTOR (LEFT NOVEMBER)	1.00	Director	$0	$0	$0
MIKALA L'HOTE	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE WHITE	DIRECTOR (LEFT NOVEMBER)	1.00	Director	$0	$0	$0
PERRY THOMAS	DIRECTOR (JOINED APRIL)	1.00	Director	$0	$0	$0
RALPH BEDNARZ	DIRECTOR	1.00	Director	$0	$0	$0
SARAH BURNET	DIRECTOR (JOINED NOVEMBER)	1.00	Director	$0	$0	$0
TONY THORPE	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP FORSBERG	EXECUTIVE DIRECTOR	40.00	Officer	$72,782	$9,872	$82,654

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$675,527	$652,378	$888,508	$23,149
2023	$899,924	$707,516	$829,994	$192,408
2022	$501,936	$535,659	$635,090	$-33,723
2021	$480,405	$335,241	$669,492	$145,164
2020	$263,830	$273,680	$494,130	$-9,850
2019	$1,027,202	$726,132	$489,028	$301,070
2018	$412,128	$411,823	$230,317	$305

NORTH AMERICAN LAKE MANAGEMENT SOCIETY INC