MULTI LAKES CONSERVATION ASSOCIATION

EIN: 381396998 Recreation & Sports

COMMERCE TOWNSHIP, MI

Total Revenue
$790,609
Total Expenses
$724,911
Total Assets
$2,212,185
Net Assets
$2,207,517
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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
1925
Legal Domicile
MI
Principal Officer
MICHAEL FERGESTROM
Phone
2483637125
Tax Period
2023-01-01 to 2023-12-31

MULTI LAKES CONSERVATION ASSOCIATION, founded in 1925, is a small nonprofit in the Recreation & Sports sector that reported $791K in total revenue in fiscal year 2023. Expenses of $725K left a modest 8% surplus.

Mission

THE PROPAGATION OR CONSERVATION OF AIR, WATER MINERALS, FISH, GAME, WILD FOWL, FUR-BEARING ANIMALS, WILD FLOWERS, FORESTS, SOIL, AND ENVIRONMENT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $123,266
Program Service Revenue $368,623
Investment Income $0
Other Revenue $298,720
TOTAL REVENUE $790,609

Expense Breakdown

Grants Paid $0
Salaries & Benefits $215,629
Fundraising Expenses $0
Program Expenses $624,108
Other Expenses $372,175
TOTAL EXPENSES $724,911

Year-over-Year Comparison

2023 2022 Change
Revenue $790,609 $813,867 0.0%
Expenses $724,911 $579,523 +0.3%
Net Income $65,698 $234,344 -0.7%
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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Governance

Voting Members
1000
Independent Members
1000
Employees
35
Volunteers
1000

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL FERGESTROM PRESIDENT 20.00
Officer
$0 $0 $0
MICHAEL HESTER VICE-PRESIDENT 20.00
Officer
$0 $0 $0
BRIAN MANN RECORDING SECRETARY 20.00
Officer
$0 $0 $0
DAWN COLLOM MEMBERSHIP SECRETARY 20.00
Officer
$0 $0 $0
NICK FREDERICK TREASURER 20.00
Officer
$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 $790,609 $724,911 $2,212,185 $65,698
2023 $790,609 $724,911 $2,212,185 $65,698
2022 $813,867 $579,523 $2,159,593 $234,344
2021 $449,870 $488,352 $1,814,165 $-38,482
2020 $687,938 $416,638 $1,857,791 $271,300
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