FRIENDS OF THE APOSTLE ISLANDS NATIONAL LAKESHORE INC (EIN 200079065) - 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

2003

Legal Domicile

Principal Officer

RICK CHARBONEAU

Phone

7154496900

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE APOSTLE ISLANDS NATIONAL LAKESHORE INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $411K in total revenue in fiscal year 2023. Revenue surged 131% from the prior year, signaling strong growth momentum. The organization ran a surplus of $241K, a strong 59% operating margin.

Mission

A NONPROFIT DEDICATED TO THE SUPPORT AND PROTECTION OF THE APOSTLE ISLANDS NATIONAL LAKERSHORE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $403,352

Program Service Revenue $0

Investment Income $5,936

Other Revenue $1,716

TOTAL REVENUE $411,004

Expense Breakdown

Grants Paid $47,095

Salaries & Benefits $84,810

Fundraising Expenses $19,181

Program Expenses $106,462

Other Expenses $38,201

TOTAL EXPENSES $170,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$411,004	$178,258	+1.3%
Expenses	$170,106	$161,512	+0.1%
Net Income	$240,898	$16,746	+13.4%

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

$72,904

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY LINEHAN	BAORD CHAIR	0.00	Officer Director	$0	$0	$0
MARK WELLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICK CHARBONEAU	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN BOYLE	RECORDING SECRETARY	2.00	Officer Director	$0	$0	$0
DAN WILCZEK	CORPORATE SECRETARY	2.00	Officer Director	$0	$0	$0
KAREN GRAFF	DIRECTOR	1.00	Director	$0	$0	$0
NEIL HOWK	DIRECTOR	1.00	Director	$0	$0	$0
BOB JAUCH	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA NUUTINEN	DIRECTOR	1.00	Director	$0	$0	$0
JON OKERSTROM	DIRECTOR	4.00	Director	$0	$0	$0
ERICA PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF RENNICKE	CO-EXECUTIVE DIRECTOR	24.00	Officer	$43,740	$0	$43,740
JILL RENNICKE	CO-EXECUTIVE DIRECTOR	20.00	Officer	$29,164	$0	$29,164

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	No data	No data	No data	No data
2023	$411,004	$170,106	$647,247	$240,898
2022	$178,258	$161,512	$405,030	$16,746
2021	$169,722	$171,363	$383,970	$-1,641
2020	$280,648	$100,334	$375,874	$180,314

FRIENDS OF THE APOSTLE ISLANDS NATIONAL LAKESHORE INC