GREEN LAKE ASSOCIATION INC (EIN 391047600) - 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

1951

Legal Domicile

Principal Officer

STEPHANIE PRELLWITZ

Phone

9202946480

Tax Period

2024-01-01 to 2024-12-31

GREEN LAKE ASSOCIATION INC, founded in 1951, is a community nonprofit in the Environment sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 57% operating margin.

Mission

SAFEGUARD GREEN LAKE BY IMPROVING ITS WATER QUALITY, PROTECTING IT FROM CRITICAL THREATS, AND ACCELERATING ITS RETURN TO A CLEAN LAKE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,876,470

Program Service Revenue $130,351

Investment Income $73,261

Other Revenue $-147,929

TOTAL REVENUE $2,932,153

Expense Breakdown

Grants Paid $0

Salaries & Benefits $620,205

Fundraising Expenses $151,840

Program Expenses $1,064,406

Other Expenses $630,376

TOTAL EXPENSES $1,250,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,932,153	$1,895,946	+0.5%
Expenses	$1,250,581	$1,188,654	+0.1%
Net Income	$1,681,572	$707,292	+1.4%

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

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

$169,805

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE PRELLWITZ	CEO	45.00	Officer	$164,711	$5,094	$169,805
FRED CARUSO	TREASURER	4.00	Officer Director	$0	$0	$0
KENT DELUCENAY	PAST CHAIR	4.00	Officer Director	$0	$0	$0
RICH DIEMER	DIRECTOR	1.00	Director	$0	$0	$0
SHARON DOLAN	DIRECTOR	1.00	Director	$0	$0	$0
MARK FRANZEN	VICE CHAIR	4.00	Officer Director	$0	$0	$0
MARK FURLONG	DIRECTOR	1.00	Director	$0	$0	$0
JIM HEBBE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD MARTENS	SECRETARY	4.00	Officer Director	$0	$0	$0
GARY MECKLENBURG	CHAIR	7.00	Officer Director	$0	$0	$0
WILLIAM T MULLIGAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE REGAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SHADICK	DIRECTOR	1.00	Director	$0	$0	$0
JIM TRUBSHAW	DIRECTOR	1.00	Director	$0	$0	$0
BOB WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE WHITE	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
2024	$2,932,153	$1,250,581	$6,019,388	$1,681,572
2023	$1,895,946	$1,188,654	$4,321,763	$707,292
2022	$1,942,763	$800,347	$3,336,680	$1,142,416
2021	$2,031,687	$467,570	$2,146,736	$1,564,117
2020	$558,070	$552,023	$581,867	$6,047
2020	$558,070	$552,023	$581,867	$6,047
2019	$588,204	$351,090	$578,978	$237,114
2018	$391,169	$280,951	$337,092	$110,218

GREEN LAKE ASSOCIATION INC