HIGGINS LAKE FOUNDATION

EIN: 382864400 501(c)(3) Environment

ROSCOMMON, MI

Total Revenue
$410,917
Total Expenses
$277,635
Total Assets
$2,428,195
Net Assets
$2,426,256
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
MI
Principal Officer
VICKI SPRINGSTEAD
Phone
9892759183
Tax Period
2024-01-01 to 2024-12-31

HIGGINS LAKE FOUNDATION, founded in 1989, is a small nonprofit in the Environment sector that reported $411K in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 32% operating margin.

Mission

TO PRESERVE AND ENHANCE HIGGINS LAKE AS A PUBLIC RECREATION FACILITY.

Program Service Accomplishments

Program 1
Expenses: $19,842

OPERATION OF MILFOIL SUCTION HARVESTOR USED TO CONTROL SPREAD AND GROWTH ON INVASIVE SPECIES IN LAKE.

Program 2
Expenses: $49,171

EDUCATION ACTIVITIES, PRODUCTION OF LITERATURE AND WARENESS CAMPAIGNS FOR THE PRESERVATION OF THE HIGGINS LAKE WATER QUALITY.

Program 3
Expenses: $83,843

WATER QUALITY TESTING AND STUDY GRANTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $308,979
Program Service Revenue $43,148
Investment Income $58,790
Other Revenue $0
TOTAL REVENUE $410,917

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,817
Fundraising Expenses $13,679
Program Expenses $171,697
Other Expenses $231,818
TOTAL EXPENSES $277,635

Year-over-Year Comparison

2024 2023 Change
Revenue $410,917 $196,873 +1.1%
Expenses $277,635 $203,869 +0.4%
Net Income $133,282 $-6,996 -20.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
10
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
5
$7,989
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENISE BECKER EXECUTIVE DI 30.00
Officer
$7,989 $0 $7,989
SARA ALMIRALL TRUSTEE N/A
Director
$0 $0 $0
BRAD BAERLOCHER TRUSTEE N/A
Director
$0 $0 $0
BILL BAKER TRUSTEE N/A
Director
$0 $0 $0
JOHN BARTA TRUSTEE N/A
Director
$0 $0 $0
JIM KIRSCH TRUSTEE N/A
Director
$0 $0 $0
NANCY LAMB TRUSTEE N/A
Director
$0 $0 $0
SCOTT MCNAMARA TRUSTEE N/A
Director
$0 $0 $0
BOB BLAMER SECRETARY N/A
Officer
$0 $0 $0
DANIEL DECKER TREASURER N/A
Officer
$0 $0 $0
RICK MEEKS VICE CHAIR N/A
Officer
$0 $0 $0
VICKI SPRINGSTEAD CHAIR N/A
Officer
$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 $410,917 $277,635 $2,428,195 $133,282
2023 $196,873 $203,869 $2,164,821 $-6,996
2022 $237,267 $332,955 $1,943,049 $-95,688
2021 $196,924 $247,586 $2,531,718 $-50,662
2020 $170,161 $136,958 $2,304,886 $33,203
2019 $154,784 $221,039 $2,062,865 $-66,255
2018 $127,208 $208,840 $1,799,685 $-81,632
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