Lake Mills Main Street Program Inc (EIN 205272506) - 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

Legal Domicile

Principal Officer

Melissa Draeger

Phone

9206486721

Tax Period

2024-01-01 to 2024-12-31

Lake Mills Main Street Program Inc is a small nonprofit in the Community Improvement sector that reported $146K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $174K exceeded revenue, resulting in a 19% operating deficit.

Mission

Foster downtown revitalization and promote economic development

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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 $67,468

Program Service Revenue $0

Investment Income $2,662

Other Revenue $76,354

TOTAL REVENUE $146,484

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,049

Fundraising Expenses $17,391

Program Expenses $139,159

Other Expenses $75,901

TOTAL EXPENSES $173,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,484	$195,358	-0.3%
Expenses	$173,950	$172,226	+0.0%
Net Income	$-27,466	$23,132	-2.2%

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

N/A

Employees

Volunteers

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jacob Schneider	Treasurer	5.00	Officer Director	$0	$0	$0
Cory Nelson	Director	3.00	Director	$0	$0	$0
Kali Garmen	Vice President	3.00	Officer Director	$0	$0	$0
Andy Barnes	Director	1.00	Director	$0	$0	$0
Jenn Christian	Secretary	3.00	Officer Director	$0	$0	$0
Dan McCabe	Director	1.00	Director	$0	$0	$0
Melissa Draeger	President	5.00	Officer Director	$0	$0	$0
Brooke Pfund	Director	1.00	Director	$0	$0	$0
Rebecca Moralez	Director	1.00	Director	$0	$0	$0
Daniel C Sanft	Director	1.00	Director	$0	$0	$0
Barry Luce	Director	1.00	Director	$0	$0	$0
Kyler Kabat	Director	1.00	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
2025	No data	No data	No data	No data
2024	$146,484	$173,950	$121,266	$-27,466
2023	$195,358	$172,226	$148,746	$23,132

Lake Mills Main Street Program Inc