GREAT LAKES ICE ASSOCIATION INC

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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

1966

Legal Domicile

Principal Officer

TONY DICKSON

Phone

4403431744

Tax Period

2023-01-01 to 2023-12-31

GREAT LAKES ICE ASSOCIATION INC, founded in 1966, is a micro nonprofit that reported $11K in total revenue in fiscal year 2023. Revenue surged 237% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3K, a strong 29% operating margin.

Mission

THE PURPOSE OF THE ORGANIZTION IS TO ENCOURAGE THE DEVELOPMENT OR THE ART OF MANUFACTURING AND THE DISTRIBUTION OF ICE AND CREATE A STANDARD OF EXCELLENCE IN THE MANUFACTURING AND DISTRIBUTION OF PACKAGED ICE FIELD.

Program Service Accomplishments

Program 1

Expenses: $7,876

THE PURPOSE OF THE ORGANIZTION IS TO ENCOURAGE THE DEVELOPMENT OR THE ART OF MANUFACTURING AND THE DISTRIBUTION OF ICE AND CREATE A STANDARD OF EXCELLENCE IN THE MANUFACTURING AND DISTRIBUTION OF...

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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 $11,020

Program Service Revenue $0

Investment Income $66

Other Revenue $0

TOTAL REVENUE $11,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,876

Other Expenses $7,876

TOTAL EXPENSES $7,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,086	$3,288	+2.4%
Expenses	$7,876	$2,647	+2.0%
Net Income	$3,210	$641	+4.0%

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	Reportable Comp	Other Comp	Total
TONY DICKSON	PRESIDENT	N/A	$0	$0	$0
KEVIN DESJARDINS	VICE PRESIDENT	N/A	$0	$0	$0
CHARLOTTE MAGINNIS	SECRETARY/TREASURER	N/A	$0	$0	$0
LARON HILKE	BOARD MEMBER	N/A	$0	$0	$0
DAVE HALLER	BOARD MEMBER	N/A	$0	$0	$0
TOMMY SEDLER	BOARD MEMBER	N/A	$0	$0	$0
DANIEL NORMAN	SUPPLIER REP	N/A	$0	$0	$0
SHAWN MESSMORE	BOARD MEMBER	N/A	$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	No data	No data	No data	No data
2023	$11,086	$7,876	$61,851	$3,210
2022	$3,288	$2,647	$58,641	$641
2021	$87	$700	$58,000	$-613
2020	$8,291	$6,753	$58,613	$1,538
2019	$16,360	$27,308	$57,075	$-10,948