Sault Ste Marie, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAKE SUPERIOR STATE UNIVERSITY FOUNDATION, founded in 1983, is a community nonprofit in the Education sector that reported $8.6M in total revenue in fiscal year 2024. Revenue surged 189% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.7M, a strong 66% operating margin.
The Lake Superior State University Foundation's sole purpose is to promote, receive, manage, and disburse donations and contributions for the benefit of Lake Superior State University.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $8,633,232 | $2,984,410 | +1.9% |
| Expenses | $2,960,455 | $2,356,656 | +0.3% |
| Net Income | $5,672,777 | $627,754 | +8.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Sharon Dorrity | Secretary of Board/Coord Donor Relations | 40.00 |
Key Emp
|
$0 | $0 | $43,944 |
| Scott P Smith | Vice President of Advancement | 7.06 |
Officer
|
$0 | $0 | $29,690 |
| Edward F Smith | Chair & Executive Committee | 0 |
Director
|
$0 | $0 | $0 |
| Carol Andary | Board Member-Executive Committee | 0 |
Director
|
$0 | $0 | $0 |
| Brittany Barrett | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| H James Bourque | Emeritus | 0 |
Director
|
$0 | $0 | $0 |
| Joseph Breed | Board Member-Executive Committee-Secretary | 0 |
Director
|
$0 | $0 | $0 |
| Jennifer Brown | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| Anthony Damiano | Board Member-Executive Committee | 0 |
Director
|
$0 | $0 | $0 |
| Megan Fenlon | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| Jason Garvon | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| Ted Haapala | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| Robert Kjolhede | Board Member-Executive Committee | 0 |
Director
|
$0 | $0 | $0 |
| Ashley O'Dwyer | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| Thomas G Robinson | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| David Saunders | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| Charles Schmidt | Board Member-Executive Committee | 0 |
Director
|
$0 | $0 | $0 |
| Ken Williams | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| Michael Wyse | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| Maurice Walworth | Treasurer | 0 |
Director
|
$0 | $0 | $0 |
| Dr David Travis | Second Vice Chair | 0 |
Director
|
$0 | $0 | $0 |
| Kevin Cooper | Board Member | 0 |
|
$0 | $0 | $0 |
| Tim Lukenda | Board Member | 0 |
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $8,633,232 | $2,960,455 | $32,743,972 | $5,672,777 |
| 2024 | $2,984,410 | $2,356,656 | $28,609,201 | $627,754 |
| 2023 | $3,637,982 | $2,166,565 | $25,784,435 | $1,471,417 |
| 2023 | $3,637,982 | $2,166,565 | $25,784,435 | $1,471,417 |
| 2022 | $4,258,550 | $2,012,449 | $22,456,507 | $2,246,101 |
| 2022 | $4,258,550 | $2,012,449 | $22,456,507 | $2,246,101 |
| 2021 | $4,430,858 | $2,679,878 | $25,335,019 | $1,750,980 |
| 2020 | $3,515,010 | $3,373,819 | $20,594,938 | $141,191 |
| 2019 | $3,584,409 | $2,621,166 | $21,869,131 | $963,243 |
Compare LAKE SUPERIOR STATE UNIVERSITY FOUNDATION with other nonprofits in Michigan and across the country.