LAKE GOGEBIC SENIOR CITIZENS CLUB INC (EIN 381979090) - 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

1971

Legal Domicile

Principal Officer

JOAN HARRIS

Phone

9065753461

Tax Period

2023-10-01 to 2024-09-30

LAKE GOGEBIC SENIOR CITIZENS CLUB INC, founded in 1971, is a small nonprofit in the Human Services sector that reported $397K in total revenue in fiscal year 2023. The organization ran a surplus of $100K, a strong 25% operating margin.

Mission

PROVIDE SERVICES TO THE ELDERLY SO THEY CAN REMAIN IN THEIR HOMES LONGER. SERVICES PROVIDED ARE HOMEMAKING, HOME CARE ASSISTANCE, AND RESPITE CARE.

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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 $392,377

Program Service Revenue $3,278

Investment Income $1,607

Other Revenue $-151

TOTAL REVENUE $397,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $251,109

Fundraising Expenses $0

Program Expenses $160,646

Other Expenses $46,348

TOTAL EXPENSES $297,457

Year-over-Year Comparison

	2023	2022	Change
Revenue	$397,111	$370,811	+0.1%
Expenses	$297,457	$305,958	0.0%
Net Income	$99,654	$64,853	+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

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

$69,359

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN HARRIS	EXECUTIVE DI	35.75	Officer	$43,391	$0	$43,391
NANCY REATH	BOOKKEEPER/T	26.25	Officer	$25,968	$0	$25,968
ANN BERGLUND	VICE CHAIRPE	1.00	Officer Director	$0	$0	$0
GAY FRUIK	TRUSTEE	1.00	Director	$0	$0	$0
GLORIA JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
JEAN KORICH	TRUSTEE	1.00	Director	$0	$0	$0
CARL NYKANEN	CHAIRPERSON	1.00	Officer 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	$397,111	$297,457	$822,535	$99,654
2023	$370,811	$305,958	$662,755	$64,853
2022	$395,439	$276,664	$597,598	$118,775
2021	$314,533	$249,060	$480,765	$65,473
2020	$283,446	$221,902	$417,578	$61,544

LAKE GOGEBIC SENIOR CITIZENS CLUB INC