Lake Superior Watershed Conservancy Inc (EIN 273304262) - 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

2010

Legal Domicile

Principal Officer

JOANIE MCGUFFIN

Phone

7059460044

Tax Period

2024-01-01 to 2024-12-31

Lake Superior Watershed Conservancy Inc, founded in 2010, is a small nonprofit in the Environment sector that reported $104K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $125K exceeded revenue, resulting in a 20% operating deficit.

Mission

The mission is to protect the Lake Superior Watershed for future generations. The major project is the completion of the sixteen access points on the LSW trail's amenities.

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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 $104,140

Program Service Revenue $0

Investment Income $98

Other Revenue $0

TOTAL REVENUE $104,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,321

Fundraising Expenses $1,137

Program Expenses $92,681

Other Expenses $86,260

TOTAL EXPENSES $124,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$104,238	$169,243	-0.4%
Expenses	$124,581	$200,402	-0.4%
Net Income	$-20,343	$-31,159	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Wells	Director	31.0	Director	$0	$0	$0
Joanie Mcguffin	executive director	0.5	Director	$0	$0	$0
Kime Dutkiewicz-Collver	Secretary	1.5	Director	$0	$0	$0
Gary McGuffin	Director	0.5	Director	$0	$0	$0
Patrick McLean	Chair	31.75	Director	$0	$0	$0
Elle Jansen	Director	1.0	Director	$0	$0	$0
Shana Shipperbottom	Director	0.5	Director	$0	$0	$0
Ted Claxton	Director	0.5	Director	$0	$0	$0
Brian Stinson	Treasurer	0.5	Director	$0	$0	$0
Haley Comella	Director	0.5	Director	$0	$0	$0
Dustin Hoogsteen	Interpretive Guide	0.5	Key Emp	$0	$0	$0
Lauren Towell	Interpretive Guide	0.5	Key Emp	$0	$0	$0
Jake Chalmers	Interpretive Guide	0.5	Key Emp	$0	$0	$0
Peter Greve	Interpretive Guide	0.5	Key Emp	$0	$0	$0
Kim Caruso	Interpretive Guide	0.5	Key Emp	$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	$104,238	$124,581	$684,804	$-20,343
2023	$169,243	$200,402	$717,298	$-31,159
2022	$83,966	$129,175	$720,796	$-45,209
2021	$163,595	$132,156	$779,335	$31,439
2020	$159,617	$141,582	$746,909	$18,035
2019	$204,020	$173,406	$613,963	$30,614
2018	$96,339	$125,432	$638,948	$-29,093

Lake Superior Watershed Conservancy Inc