BLUE LAKE FINE ARTS CAMP

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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

HEIDI STANSELL

Phone

2318941966

Tax Period

2023-10-01 to 2024-09-30

BLUE LAKE FINE ARTS CAMP, founded in 1966, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

FOUNDED IN 1966, BLUE LAKE FINE ARTS CAMP IS A SUMMER SCHOOL OF THE ARTS LOCATED ON A 1,600 ACRE CAMPUS IN MICHIGAN'S MANISTEE NATIONAL FOREST, OFFERING FINE ARTS EDUCATION FOR ALL AGES.

Program Service Accomplishments

Program 1

Expenses: $7,538,939 Revenue: $7,055,336

BLFAC OPERATES AS SUMMER ARTS CAMP FOR YOUTH FROM GRADES 5 TO 12. STUDENTS COME FROM ALL OVER MICHIGAN, THE MIDWEST AND BEYOND TO STUDY MUSIC, ART, DANCE, THEATRE, CHOIR AND CREATIVE WRITING. WE ALSO HOST A SUMMER ARTS FESTIVAL THAT FEATURES OUR FACULTY AND GUEST ARTISTS. THESE PERFORMANCES ARE FREE AND OPEN TO THE PUBLIC.

Program 2

Expenses: $754,096 Revenue: $601,330

BLFAC ALSO OPERATES A CLASSICAL AND JAZZ MUSIC STATION. IT SERVES AS THE VOICE OF THE ARTS IN WEST MICHIGAN AND AS AN EMERGENCY MANAGEMENT SYSTEM FOR MUCH OF WEST MICHIGAN.

Program 3

Expenses: $609,309 Revenue: $584,211

BLFAC OPERATES AN INTERNATIONAL PROGRAM. STUDENTS FROM BAND, ORCHESTRA, JAZZ AND CHOIR PERFORM IN COMMUNITIES ACROSS EUROPE AS PART OF A GOODWILL EXCHANGE PROGRAM.

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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 $1,028,579

Program Service Revenue $7,739,195

Investment Income $72,939

Other Revenue $529,848

TOTAL REVENUE $9,370,561

Expense Breakdown

Grants Paid $1,910,631

Salaries & Benefits $3,965,752

Fundraising Expenses $130,470

Program Expenses $9,098,415

Other Expenses $3,937,061

TOTAL EXPENSES $9,817,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,370,561	$8,614,779	+0.1%
Expenses	$9,817,644	$8,903,313	+0.1%
Net Income	$-447,083	$-288,534	+0.5%

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

669

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

$210,790

Total Directors

$135,098

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY LOFGREN	TREASURER	40.00	Officer	$75,692	$0	$75,692
CYNTHIA SWAN-EAGAN	SECRETARY	2.00	Officer Director	$0	$0	$0
DONALD FLICKINGER	PRESIDENT	16.00	Officer Director	$25,357	$0	$25,357
HEIDI STANSELL	CEO & INTERI	40.00	Officer Director	$109,741	$0	$109,741
DR ROBERT CRISP	MEMBER	2.00	Director	$0	$0	$0
STEVE HANCOCK	MEMBER	2.00	Director	$0	$0	$0
DIANE HOWLIN MD	MEMBER	2.00	Director	$0	$0	$0
CINDY LARSEN	MEMBER	2.00	Director	$0	$0	$0
ASHISH MANGRULKAR	MEMBER	2.00	Director	$0	$0	$0
BILL MCFARLIN	MEMBER	2.00	Director	$0	$0	$0
DR DALE NESBARY	MEMBER	2.00	Director	$0	$0	$0
JAMES ROSE	MEMBER	2.00	Director	$0	$0	$0
FRITZ STANSELL	MEMBER	2.00	Director	$0	$0	$0
GRETCHEN STANSELL	MEMBER	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
2024	$9,370,561	$9,817,644	$11,950,212	$-447,083
2023	$8,614,779	$8,903,313	$12,176,855	$-288,534
2022	$5,784,261	$6,333,237	$12,216,038	$-548,976
2021	$7,779,561	$5,527,144	$13,832,939	$2,252,417
2020	$2,325,711	$4,419,009	$12,864,352	$-2,093,298
2019	$11,004,437	$10,851,454	$13,588,969	$152,983
2018	$11,603,262	$11,042,598	$12,696,599	$560,664