LAKE SUPERIOR COMMUNITY PARTNERSHIP INC (EIN 383399409) - 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

1998

Legal Domicile

Principal Officer

CHRISTOPHER GERMAIN

Phone

9062266591

Tax Period

2023-01-01 to 2023-12-31

LAKE SUPERIOR COMMUNITY PARTNERSHIP INC, founded in 1998, is a small nonprofit that reported $903K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

The Lake Superior Community Partnership is the Marquette County regions leading resource for economic development, providing a wide variety of affordable and effective development 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 (2023)

Revenue Breakdown

Contributions & Grants $333,239

Program Service Revenue $504,933

Investment Income $7,910

Other Revenue $56,541

TOTAL REVENUE $902,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $507,979

Fundraising Expenses $0

Program Expenses $733,194

Other Expenses $372,872

TOTAL EXPENSES $880,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$902,623	$728,201	+0.2%
Expenses	$880,851	$713,695	+0.2%
Net Income	$21,772	$14,506	+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

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

Total Directors

Key Employees

$106,110

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER GERMAIN	CEO	040.00	Key Emp	$97,846	$8,264	$106,110
SCOTT KNAFFLA	Chairman	001.00	Officer Director	$0	$0	$0
RHEA DEVER	Vice Chariman	001.00	Officer Director	$0	$0	$0
DAVID ARO	Secretary	001.00	Officer Director	$0	$0	$0
BRYAN DEAUGUSTINE	Treasurer	001.00	Officer Director	$0	$0	$0
ROXANNE DAUST	Director	001.00	Director	$0	$0	$0
SCOTT ERBISCH	Director	001.00	Director	$0	$0	$0
BRIGETTE LAPOINT-DUNHAM	Director	001.00	Director	$0	$0	$0
RICK RHOADES	Director	001.00	Director	$0	$0	$0
SUSAN ESTLER	Director	001.00	Director	$0	$0	$0
SEAN LEAHY	Director	001.00	Director	$0	$0	$0
ROBERT LUKE	Director	001.00	Director	$0	$0	$0
MIKE SMITH	Director	001.00	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
2023	$902,623	$880,851	$888,670	$21,772
2022	$728,201	$713,695	$715,227	$14,506
2021	$858,768	$702,048	$463,337	$156,720
2020	$671,497	$629,085	$288,081	$42,412
2019	$725,079	$708,111	$227,217	$16,968
2018	$695,312	$678,245	$213,209	$17,067

LAKE SUPERIOR COMMUNITY PARTNERSHIP INC