POINT NIPIGON-ON-THE-STRAITS RESORT C/O NIELAND & KOSANKE PC (EIN 381400713) - 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

1914

Legal Domicile

Principal Officer

CAROLYN CREGAR

Phone

2316274396

Tax Period

2023-07-01 to 2024-06-30

POINT NIPIGON-ON-THE-STRAITS RESORT C/O NIELAND & KOSANKE PC, founded in 1914, is a small nonprofit that reported $263K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $39K, a strong 15% operating margin.

Mission

TO PROVIDE AND ENCOURAGE A FOSTERING OF RESPECTFUL AND HARMONIOUS LIVING, FOR ALL AGES, THROUGH A WELL MAINTAINED RESORT THAT IS A SAFE AND SECURE CONSERVANCY OF ITS NATURAL BEAUTY SUPPORTED THROUGH STEWARDSHIP AND A PRUDENT MANAGEMENT OF ITS RESOURCES.

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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 $251,163

Program Service Revenue $1,260

Investment Income $1,836

Other Revenue $8,897

TOTAL REVENUE $263,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,700

Fundraising Expenses $0

Other Expenses $147,966

TOTAL EXPENSES $223,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$263,156	$224,497	+0.2%
Expenses	$223,666	$212,668	+0.1%
Net Income	$39,490	$11,829	+2.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN CREGAR	PRESIDENT	4.00	Officer	$0	$0	$0
DAVID BELANGER	VICE PRESIDE	3.00	Officer	$0	$0	$0
STEVE PATTERSON	TREASURER	3.00	Officer	$0	$0	$0
ELIZABETH AVERY	SECRETARY	3.00	Officer	$0	$0	$0
WELLING LIFKA JR	DIRECTOR	2.00	Director	$0	$0	$0
GINA NORTON	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BRESNAHAN	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$263,156	$223,666	$698,084	$39,490
2023	$224,497	$212,668	$649,218	$11,829
2022	$327,215	$309,123	$632,801	$18,092
2021	$203,676	$245,937	$618,926	$-42,261
2020	$204,176	$212,475	$648,155	$-8,299
2019	$249,055	$218,260	$632,779	$30,795

POINT NIPIGON-ON-THE-STRAITS RESORT C/O NIELAND & KOSANKE PC