MICHIGAN LAKES AND STREAMS ASSOCIATION INC (EIN 386159369) - 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

1963

Legal Domicile

Principal Officer

MICHAEL GALLAGHER

Phone

9898315100

Tax Period

2025-01-01 to 2025-12-31

MICHIGAN LAKES AND STREAMS ASSOCIATION INC, founded in 1963, is a small nonprofit in the Environment sector that reported $352K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year.

Mission

PRESERVATION AND PROTECTION OF MICHIGAN INLAND LAKES AND STREAMS

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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 (2025)

Revenue Breakdown

Contributions & Grants $150,288

Program Service Revenue $170,957

Investment Income $30,339

Other Revenue $599

TOTAL REVENUE $352,183

Expense Breakdown

Grants Paid $11,240

Salaries & Benefits $85,527

Fundraising Expenses $0

Program Expenses $218,316

Other Expenses $253,507

TOTAL EXPENSES $350,274

Year-over-Year Comparison

	2025	2024	Change
Revenue	$352,183	$389,848	-0.1%
Expenses	$350,274	$289,176	+0.2%
Net Income	$1,909	$100,672	-1.0%

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

200

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
DAVID MATUREN	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK TEICHER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LON NORDEEN	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL GALLAGHER	TREASURER	4.00	Officer Director	$0	$0	$0
CHARLYN PARTRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER HUFFSTUTLER	DIRECTOR	1.00	Director	$0	$0	$0
REX VAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE KANIPES	DIRECTOR	1.00	Director	$0	$0	$0
RICK MEEKS	DIRECTOR	1.00	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
2025	$352,183	$350,274	$685,801	$1,909
2024	$389,848	$289,176	$693,766	$100,672
2023	$303,445	$260,245	$633,232	$43,200
2022	$275,645	$253,342	$452,686	$22,303
2021	$292,169	$175,225	$488,376	$116,944
2020	$178,204	$182,315	$417,918	$-4,111
2019	$310,140	$279,667	$371,476	$30,473
2018	$311,600	$295,126	$341,315	$16,474

MICHIGAN LAKES AND STREAMS ASSOCIATION INC