MADELINE ISLAND WILDERNESS PRESERVE

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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

1987

Legal Domicile

Principal Officer

NED HANCOCK

Phone

6128179180

Tax Period

2023-01-01 to 2023-12-31

MADELINE ISLAND WILDERNESS PRESERVE, founded in 1987, is a small nonprofit in the Environment sector that reported $101K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27K, a strong 27% operating margin.

Mission

PROTECTING WILDERNESS AREAS

Program Service Accomplishments

Program 1

Expenses: $71,426

MADELINE ISLAND WILDERNESS PRESERVE IS A LAND TRUST CURRENTLY HOLDING IN TRUST APPROXIMATELY 2600 ACRES OF FOREST LAND ON MADELINE ISLAND. ALONG WITH GENERAL MANAGMENT OF OUR LANDS, WE MAINTAIN A...

MADELINE ISLAND WILDERNESS PRESERVE IS A LAND TRUST CURRENTLY HOLDING IN TRUST APPROXIMATELY 2600 ACRES OF FOREST LAND ON MADELINE ISLAND. ALONG WITH GENERAL MANAGMENT OF OUR LANDS, WE MAINTAIN A MEMBERSHIP BASE OF APPROXIMATELY 200 ACTIVE MEMBERS. WE OFFER SUMMER EDUCATIONAL PROGRAMS IN THE FORM OF NATURE WALKS AND LECTURES ON AND ABOUT OUR LANDS. ALL OF OUR LANDS ARE OPEN TO THE PUBLIC FOR USE IN HIKING OR HUNTING.

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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 $78,701

Program Service Revenue $0

Investment Income $22,039

Other Revenue $0

TOTAL REVENUE $100,740

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,426

Other Expenses $70,756

TOTAL EXPENSES $73,756

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,740	$68,430	+0.5%
Expenses	$73,756	$55,415	+0.3%
Net Income	$26,984	$13,015	+1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM ATMORE	DIRECTOR	N/A	Director	$0	$0	$0
BAKE BAKER	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN DOOLEY	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL ENGSTROM	DIRECTOR	N/A	Director	$0	$0	$0
VICTORIA ERHART	DIRECTOR	N/A	Director	$0	$0	$0
NED HANCOCK	TREASURER	2.00	Officer Director	$0	$0	$0
JANE HOWARD	SECRETARY	0.50	Officer Director	$0	$0	$0
TOM KROMROY	DIRECTOR	N/A	Director	$0	$0	$0
PIXIE MARTIN	VICE PRESIDE	1.00	Director	$0	$0	$0
BONNIE MATUSESKI	PRESIDENT	3.00	Officer Director	$0	$0	$0
STEVEN MUELLER	DIRECTOR	N/A	Director	$0	$0	$0
MARNIE SANBORN MYHRE	DIRECTOR	N/A	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	$100,740	$73,756	$2,277,320	$26,984
2022	$68,430	$55,415	$2,197,835	$13,015
2021	$168,151	$47,477	$2,301,461	$120,674
2020	$58,946	$24,230	$2,164,431	$34,716
2019	$60,562	$38,522	$2,087,286	$22,040
2018	$115,659	$29,677	$2,012,159	$85,982