LAKE TO LAKE BED & BREAKFAST ASSOCIATION (EIN 382896155) - 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

1990

Legal Domicile

Principal Officer

BRIAN KING

Phone

8285950253

Tax Period

2024-01-01 to 2024-12-31

LAKE TO LAKE BED & BREAKFAST ASSOCIATION, founded in 1990, is a small nonprofit that reported $132K in total revenue in fiscal year 2024.

Mission

PROMOTE BED AND BREAKFAST ACTIVITIES IN MICHIGAN BY PROVIDING EDUCATION AND TRAINING PROGRAMS, QUALITY REVIEW SERVICES, GIFT CARD EXCHANGE, AND GROUP ADVERTISING SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $129,272

Program Service Revenue $0

Investment Income $2,414

Other Revenue $0

TOTAL REVENUE $131,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $144,586

Other Expenses $144,586

TOTAL EXPENSES $144,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$131,686	$133,392	0.0%
Expenses	$144,586	$112,220	+0.3%
Net Income	$-12,900	$21,172	-1.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN KING	PRESIDENT	2.00	Director	$0	$0	$0
AL HEMINGER	TREASURER	2.00	Director	$0	$0	$0
JAN SMITH	VICE PRESIDENT	2.00	Director	$0	$0	$0
KEN ANDRUS	SECRETARY	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	$131,686	$144,586	$189,177	$-12,900
2023	$133,392	$112,220	$195,718	$21,172
2022	$142,936	$137,373	$192,840	$5,563
2021	$74,073	$77,237	$184,272	$-3,164
2020	$60,906	$59,101	$177,205	$1,805
2019	$90,558	$92,001	$142,472	$-1,443
2018	$113,516	$88,464	$146,106	$25,052
2018	$87,119	$88,464	$146,106	$-1,345

LAKE TO LAKE BED & BREAKFAST ASSOCIATION