WALLOON LAKE ASSOCIATION AND CONSERVANCY (EIN 383608004) - 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

2001

Legal Domicile

Principal Officer

JOSEPHINE ROBERTS

Phone

2315356112

Tax Period

2023-01-01 to 2023-12-31

WALLOON LAKE ASSOCIATION AND CONSERVANCY, founded in 2001, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $239K, a strong 22% operating margin.

Mission

THE MISSION OF WALLOON LAKE ASSOCIATION AND CONSERVANCY IS TO CONSERVE, CARE FOR AND ENHANCE THE CONNECTION OF PEOPLE TO WALLOON LAKE AND ITS WATERSHED NOW, AND FOREVER.

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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 $797,308

Program Service Revenue $0

Investment Income $171,884

Other Revenue $115,359

TOTAL REVENUE $1,084,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $371,275

Fundraising Expenses $126,959

Program Expenses $491,312

Other Expenses $474,272

TOTAL EXPENSES $845,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,084,551	$1,610,203	-0.3%
Expenses	$845,547	$937,041	-0.1%
Net Income	$239,004	$673,162	-0.6%

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

Volunteers

100

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

$117,336

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSEL KITTLESON	PRESIDENT	3.00	Officer Director	$0	$0	$0
MARIANNE BARRY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MARTY MAKINEN	TREASURER	2.00	Officer Director	$0	$0	$0
HOLLY ANGILERI	SECRETARY	2.00	Officer Director	$0	$0	$0
GREGORY ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
JAN ANTALIS	TRUSTEE	1.00	Director	$0	$0	$0
BOB FLYNN	TRUSTEE	1.00	Director	$0	$0	$0
MARY ELLEN GEIST	TRUSTEE	1.00	Director	$0	$0	$0
LAUREL MCATEER	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE PECK	TRUSTEE	1.00	Director	$0	$0	$0
TOM SAELI	TRUSTEE	1.00	Director	$0	$0	$0
JOHN FETTIG	TRUSTEE	1.00	Director	$0	$0	$0
MARY ANN SMITH	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPHINE ROBERTS	2023 EXEC. D	40.00	Director	$113,952	$3,384	$117,336

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	$1,084,551	$845,547	$13,407,009	$239,004
2022	$1,610,203	$937,041	$12,817,153	$673,162
2021	$1,660,165	$832,241	$13,387,672	$827,924
2020	$2,366,610	$665,928	$11,950,153	$1,700,682
2018	$1,473,850	$381,106	$8,844,900	$1,092,744

WALLOON LAKE ASSOCIATION AND CONSERVANCY