PINE LAKE FUND (EIN 382331621) - 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

1981

Legal Domicile

Principal Officer

CECILY DYKEMA CAGLE

Phone

2696649271

Tax Period

2023-10-01 to 2024-09-30

PINE LAKE FUND, founded in 1981, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $1.4M exceeded revenue, resulting in a 19% operating deficit.

Mission

TRAINING PROGRAMS FOR DISABLED TO PROMOTE THE TRAINING AND PLACEMENT OF PERSONS WITH DISABILITIES ATTENDING THE MICHIGAN CAREER AND TECHNICAL INSTITUTE (MCTI) AND TO ENCOURAGE, SUPPORT AND SUPPLEMENT THE PROGRAMS OF MCTI.

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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 $513,845

Program Service Revenue $645,229

Investment Income $50,565

Other Revenue $749

TOTAL REVENUE $1,210,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,153,503

Fundraising Expenses $0

Program Expenses $1,395,002

Other Expenses $281,266

TOTAL EXPENSES $1,434,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,210,388	$860,538	+0.4%
Expenses	$1,434,769	$954,251	+0.5%
Net Income	$-224,381	$-93,713	+1.4%

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

N/A

Independent Members

N/A

Employees

190

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

$94,059

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CECILY DYKEMA CAGLE	CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT SCHRUM	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT LACEY	SECRETARY	1.00	Officer Director	$0	$0	$0
JULIE DAVIS PH D LP	BOARD MEMBER	1.00	Director	$0	$0	$0
MONICA LIGGINS ABRAMS MPA MA	BOARD MEMBER	1.00	Director	$0	$0	$0
MARILYN POTGIESSER	BOARD MEMBER	1.00	Director	$0	$0	$0
BONNIE SAWUSCH RN BSN JD	BOARD MEMBER	1.00	Director	$0	$0	$0
ALVIN BREWER MA LLPC	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDON BYRNES	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANKI HAND	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNA WOFFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA HERNANDEZ MA	BOARD MEMBER	1.00	Director	$0	$0	$0
DR AHNEE WHITE	EXECUTIVE DIRECTOR	40.00	Officer	$94,059	$0	$94,059

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	$1,210,388	$1,434,769	$1,519,078	$-224,381
2023	$860,538	$954,251	$1,775,784	$-93,713
2022	$1,254,351	$1,407,392	$1,887,391	$-153,041
2021	$1,509,685	$1,662,512	$2,262,643	$-152,827
2020	$2,955,026	$2,106,902	$2,485,323	$848,124
2019	$2,196,370	$2,091,006	$2,517,919	$105,364
2018	$2,181,856	$2,136,903	$2,323,100	$44,953

PINE LAKE FUND