LAKE SUPERIOR COMMUNITY PTNRSHP FOUNDATION (EIN 383566907) - 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

2000

Legal Domicile

Principal Officer

Christopher Germain

Phone

9062266591

Tax Period

2023-01-01 to 2023-12-31

LAKE SUPERIOR COMMUNITY PTNRSHP FOUNDATION, founded in 2000, is a small nonprofit in the Employment sector that reported $158K in total revenue in fiscal year 2023. Revenue surged 277% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30K, a strong 19% operating margin.

Mission

To promote and advance education, economic and workforce development along with cultural and recreational activities in the Upper Peninsula.

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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 $148,801

Program Service Revenue $0

Investment Income $12

Other Revenue $8,978

TOTAL REVENUE $157,791

Expense Breakdown

Grants Paid $122,779

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,779

Other Expenses $4,789

TOTAL EXPENSES $127,568

Year-over-Year Comparison

	2023	2022	Change
Revenue	$157,791	$41,877	+2.8%
Expenses	$127,568	$33,915	+2.8%
Net Income	$30,223	$7,962	+2.8%

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

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

$107,420

Total Directors

$107,420

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Germain	Vice President	000.50	Officer Director	$0	$9,574	$107,420
Dan Mead	President	000.50	Officer Director	$0	$0	$0
Scott Knaffla	Treasurer	000.50	Officer Director	$0	$0	$0
Stephanie Zadroga-Langlois	Secretary	000.50	Officer Director	$0	$0	$0
Derek Bush	Director	000.50	Director	$0	$0	$0
Julie Olson	Director	000.50	Director	$0	$0	$0
David Rayome	Director	000.50	Director	$0	$0	$0
Brett French	Director	000.50	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	No data	No data	No data	No data
2023	$157,791	$127,568	$772,814	$30,223
2022	$41,877	$33,915	$923,664	$7,962
2021	$64,525	$32,651	$822,173	$31,874
2020	$55,099	$49,391	$771,008	$5,708
2019	$88,969	$88,157	$605,710	$812
2018	$86,318	$112,609	$600,784	$-26,291

LAKE SUPERIOR COMMUNITY PTNRSHP FOUNDATION