LAKE SUNAPEE PROTECTIVE ASSOCIATION (EIN 026011969) - 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

1905

Legal Domicile

Principal Officer

MICHAEL JESANIS

Phone

6037632210

Tax Period

2024-01-01 to 2024-12-31

LAKE SUNAPEE PROTECTIVE ASSOCIATION, founded in 1905, is a community nonprofit in the Environment sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 46% operating margin.

Mission

LSPA, founded in 1898, is a member-supported nonprofit educational organization. It is dedicated to preserving and enhancing the special environment of the Lake Sunapee region. LSPA strives to achieve this mission thro

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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 $2,511,595

Program Service Revenue $25,899

Investment Income $100,367

Other Revenue $-5,449

TOTAL REVENUE $2,632,412

Expense Breakdown

Grants Paid $61,295

Salaries & Benefits $543,632

Fundraising Expenses $58,937

Program Expenses $1,221,820

Other Expenses $828,315

TOTAL EXPENSES $1,433,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,632,412	$1,060,728	+1.5%
Expenses	$1,433,242	$1,078,738	+0.3%
Net Income	$1,199,170	$-18,010	-67.6%

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

207

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

$112,579

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Harper	Executive Director	040.00	Officer	$98,077	$14,502	$112,579
Karen Zurheide	PRESIDENT	005.00	Officer Director	$0	$0	$0
Kirk Bishop	1ST VICE PRESIDENT	005.00	Officer Director	$0	$0	$0
Barbara Calhoun	2ND VICE PRESIDENT	005.00	Officer Director	$0	$0	$0
Laura Davis	SECRETARY	005.00	Officer Director	$0	$0	$0
Michael Jesanis	TREASURER	005.00	Officer Director	$0	$0	$0
Nick Baer	MEMBER	003.00	Director	$0	$0	$0
Lorraine Bolsinger	MEMBER	003.00	Director	$0	$0	$0
Larry Briggs	MEMBER	003.00	Director	$0	$0	$0
Betsy Cetron	MEMBER	003.00	Director	$0	$0	$0
Carrie Deegan	MEMBER	003.00	Director	$0	$0	$0
Susan Fine	MEMBER	003.00	Director	$0	$0	$0
Stu Greer	MEMBER	003.00	Director	$0	$0	$0
Neil Hause	MEMBER	003.00	Director	$0	$0	$0
Melody Johnson	MEMBER	003.00	Director	$0	$0	$0
Jack Kunter	MEMBER	003.00	Director	$0	$0	$0
Frank Lemay	MEMBER	003.00	Director	$0	$0	$0
Dave Macdonald	MEMBER	003.00	Director	$0	$0	$0
Nancy Marks	MEMBER	003.00	Director	$0	$0	$0
Robert Martin	MEMBER	003.00	Director	$0	$0	$0
Mike Morgan	MEMBER	003.00	Director	$0	$0	$0
Christina O'Halloran	MEMBER	003.00	Director	$0	$0	$0
Pam Olney	MEMBER	003.00	Director	$0	$0	$0
Jim Owers	MEMBER	003.00	Director	$0	$0	$0
Deb Putnam	MEMBER	003.00	Director	$0	$0	$0

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	$2,632,412	$1,433,242	$7,479,713	$1,199,170
2023	$1,060,728	$1,078,738	$6,065,472	$-18,010
2022	$995,244	$965,640	$5,797,201	$29,604
2021	$991,205	$827,579	$6,097,006	$163,626
2020	$1,587,697	$705,248	$5,680,785	$882,449

LAKE SUNAPEE PROTECTIVE ASSOCIATION