LAKE SUPERIOR COMMUNITY PTNRSHP FOUNDATION

EIN: 383566907 501(c)(3) Employment

MARQUETTE, MI

Total Revenue
$157,791
Total Expenses
$127,568
Total Assets
$772,814
Net Assets
$103,968
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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
MI
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 economic and workforce development by working with area business leaders to determine workforce needs and appropriate use of resources. To promote and advance education by working for systemic change in area school systems to address workforce needs in the community. To promote and advance cultural and recreational activities

Program Service Accomplishments

Program 1
Expenses: $122,779 Revenue: $148,051

Chairmans Circle Grants - Provided grants for workforce and economic development

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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 (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

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Governance

Voting Members
8
Independent Members
8
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
4
$107,420
Total Directors
8
$107,420
Key Employees
0
$0
Highest Compensated
0
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
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