LAKES MEDIA COLLABORATIVE

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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

2007

Legal Domicile

Principal Officer

KENN DOLS

Phone

2188293501

Tax Period

2024-01-01 to 2024-12-31

LAKES MEDIA COLLABORATIVE, founded in 2007, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $999 in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $523K exceeded revenue, resulting in a 52270% operating deficit.

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES TO INDIVIDUALS RELATED TO THE PRODUCTION AND DISTRIBUTION OF BROADCAST MEDIA.

Program Service Accomplishments

Program 1

Expenses: $415,053

TEACH INDIVIDUALS HOW BROADCAST MEDIA IS CREATED AND TRANSMITTED AND HOW LOCAL ACCESS TELEVISION OPERATES.

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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 $0

Program Service Revenue $0

Investment Income $999

Other Revenue $0

TOTAL REVENUE $999

Expense Breakdown

Grants Paid $413,000

Salaries & Benefits $54,901

Fundraising Expenses $0

Program Expenses $415,053

Other Expenses $55,277

TOTAL EXPENSES $523,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$999	$1,419	-0.3%
Expenses	$523,178	$99,547	+4.3%
Net Income	$-522,179	$-98,128	+4.3%

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

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

$51,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENN DOLS	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
NANCY CROSS	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRIS FORD	TREASURER	2.00	Officer Director	$0	$0	$0
BILL SATRE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES DEHEN	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON DEHEN	DIRECTOR	2.00	Director	$0	$0	$0
DAVE HENSCHKE	EXECUTIVE DI	40.00	Officer	$51,000	$0	$51,000

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	$999	$523,178	No data	$-522,179
2023	$1,419	$99,547	$522,179	$-98,128
2022	$522	$67,824	$620,307	$-67,302
2021	$69	$25,190	$687,609	$-25,121
2020	$71	$27,731	$712,730	$-27,660
2019	$66,386	$24,466	$740,390	$41,920
2018	$107,326	$23,819	$746,931	$83,507