Lake Charlevoix Mariners Inc (EIN 316329012) - 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

1986

Legal Domicile

Principal Officer

Lynn Smolenyak

Tax Period

2023-01-01 to 2023-12-31

Lake Charlevoix Mariners Inc, founded in 1986, is a small nonprofit in the Recreation & Sports sector that reported $163K in total revenue in fiscal year 2023. The organization ran a surplus of $55K, a strong 34% operating margin.

Mission

To supply boats, equipment, dockage, on-shore facilities, and instructors for youth sailing programs.

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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 $78,985

Program Service Revenue $88,384

Investment Income $-6,614

Other Revenue $1,853

TOTAL REVENUE $162,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,141

Fundraising Expenses $3,994

Program Expenses $95,088

Other Expenses $56,168

TOTAL EXPENSES $107,309

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,608	N/A	N/A
Expenses	$107,309	N/A	N/A
Net Income	$55,299	N/A	N/A

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

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

$9,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stan Carroll	Director	3.00	Officer	$9,000	$0	$9,000
Dan Tosch	President	2.00	Officer Director	$0	$0	$0
Colin Texter	Vice President	2.00	Officer Director	$0	$0	$0
Andy Allen	Secretary	2.00	Officer Director	$0	$0	$0
Lynn Smolenyak	Treasurer	2.00	Officer Director	$0	$0	$0
Jeff Mason	Director	1.00	Director	$0	$0	$0
Bill Wadland	Director	1.00	Director	$0	$0	$0
Tom Barnes	Director	1.00	Director	$0	$0	$0
Kelly Copeland	Director	1.00	Director	$0	$0	$0
Diane Allen	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
2023	$162,608	$107,309	$266,788	$55,299

Lake Charlevoix Mariners Inc