LAKE SUPERIOR YOUTH CHORUS INC (EIN 203372257) - 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

2006

Legal Domicile

Principal Officer

Bret Amundson

Phone

2184618461

Tax Period

2024-07-01 to 2025-06-30

LAKE SUPERIOR YOUTH CHORUS INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $279K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $258K left a modest 8% surplus.

Mission

Promote music with youth choruses, service grades 3-10 in the greater Duluth area

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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 $94,486

Program Service Revenue $184,490

Investment Income $3

Other Revenue $0

TOTAL REVENUE $278,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,502

Fundraising Expenses $2,729

Program Expenses $200,874

Other Expenses $117,444

TOTAL EXPENSES $257,946

Year-over-Year Comparison

	2024	2023	Change
Revenue	$278,979	$393,422	-0.3%
Expenses	$257,946	$338,100	-0.2%
Net Income	$21,033	$55,322	-0.6%

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

100

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

Total Directors

$54,070

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elise Hintzman	Choir Coordinator	10	Director	$19,231	$0	$19,231
Rylee Newton	Outreach Director	10	Director	$19,231	$0	$19,231
Bret Amundson	Artistic Director	10	Director	$15,608	$0	$15,608
Kelly Lacore	Board Treasurer	0	Director	$0	$0	$0
Stacy Jardine	Recorder	0	Director	$0	$0	$0
Matt Kiminski	President	0	Director	$0	$0	$0
Iris Kolodji	Director	0	Director	$0	$0	$0
Nikki Staton	Director	0	Director	$0	$0	$0
Nelle Rhicard	Vice President	0	Director	$0	$0	$0
Jeff Phillipich	Director	0	Director	$0	$0	$0
Mary Boylan	Director	0	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
2025	$278,979	$257,946	$83,990	$21,033
2024	No data	No data	No data	No data
2023	$251,313	$276,181	$19,120	$-24,868
2022	$235,462	$215,316	$69,350	$20,146

LAKE SUPERIOR YOUTH CHORUS INC