Lake Michigan Air Directors Consor… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

Zachariah Adelman

Phone

8477207880

Tax Period

2024-10-01 to 2025-09-30

Lake Michigan Air Directors Consortium, founded in 1989, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

The Lake Michigan Air Directors Consortium is formed by the air pollution control directors of the states of Illinois, Indiana, Michigan, Minnesota, Ohio and Wisconsin to provide technical assessments for and assistance to its member states on problems of air quality; and to provide a forum for its member states to discuss air quality issues.

Program Service Accomplishments

Program 1

Expenses: $1,282,404

The Lake Michigan Air Directors Consortium (LADCO) was formed in 1989 by the air pollution control directors of the states of Illinois, Indiana, Michigan, and Wisconsin for the purpose of managing an ozone modeling study for the lower Lake Michigan area in accordance with a memorandum of agreement between the four states. Over time (and in accordance with subsequent MOAS), LADCO's mission evolved to include other regional pollutants (E.G. area encompassed by toxics), other geographic areas of concern (E.G. area encompassed by its member states), and even, at the direction of the member states, activities that are national in scope. In 2004, the state of Ohio joined LADCO, and in 2012 the state of Minnesota joined LADCO.The purposes of the consortium are to: provide technical assessments for and assistance to its member states on problems of air quality issues; provide a forum for its member states to discuss air quality issues; encourage, among its members, the exchange of knowledge, experience, and information related to air quality issues; promote communication and understanding of air quality issues and studies in cooperation with the United States Environmental Protection Agency; provide information and respond to questions related to the work of the consortium; receive and disburse funds from and to any source to further the purposes stated herein; and organize and coordinate training for its member states.

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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 $1,550,539

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,550,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $995,191

Fundraising Expenses $0

Program Expenses $1,282,404

Other Expenses $583,113

TOTAL EXPENSES $1,578,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,550,539	$1,723,489	-0.1%
Expenses	$1,578,304	$1,724,698	-0.1%
Net Income	$-27,765	$-1,209	+22.0%

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

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Financial Distress Indicator

Liquidity & Cash Position

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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

$191,637

Total Directors

$170,365

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Janssen	Emissions Director	50.00	Director	$126,863	$43,502	$170,365
Robert Hodanbosi	Chair	4.00	Officer Director	$0	$0	$0
Gail Good	Vice-Chair	4.00	Officer Director	$0	$0	$0
Julie Armitage	Secretary	4.00	Officer Director	$0	$0	$0
Matt Stuckey	Treasurer	4.00	Officer Director	$0	$0	$0
Frank Kohlasch	Member-at-Large	4.00	Director	$0	$0	$0
Annette Switzer	Member-at-Large	4.00	Director	$0	$0	$0
Zachariah Adelman	Executive Director	50.00	Officer	$180,797	$10,840	$191,637

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	$1,550,539	$1,578,304	$419,610	$-27,765
2024	No data	No data	No data	No data
2023	$2,019,555	$2,040,898	$441,521	$-21,343
2022	$1,851,632	$1,875,141	$327,093	$-23,509
2021	$1,754,213	$1,728,599	$346,998	$25,614
2020	$1,709,540	$1,686,225	$383,917	$23,315
2019	$1,663,175	$1,706,762	$404,073	$-43,587
2018	$1,577,867	$1,569,585	$339,295	$8,282

Lake Michigan Air Directors Consortium