MANITOWISH WATERS LAKES ASSOCIATION INC (EIN 391728369) - 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

1992

Legal Domicile

Principal Officer

GREG HOLT

Phone

7155438401

Tax Period

2022-06-01 to 2023-05-31

MANITOWISH WATERS LAKES ASSOCIATION INC, founded in 1992, is a micro nonprofit in the Environment sector that reported $18K in total revenue in fiscal year 2022. Revenue fell 96% from the prior year — a significant decline worth monitoring. Net assets of $477K represent 322 months of operating reserves.

Mission

THE PURPOSE OF THE MANITOWISH WATERS LAKES ASSOCIATION, INC. IS TO EDUCATE THE PUBLIC AND MAINTAIN, PROTECT AND ENHANCE THE WATER QUALITY, FISHERY, BOATING SAFETY, AND NATIVE HABITAT OF THE MANITOWISH WATERS CHAIN OF LAKES AND OTHER WATERS IN MANITOWISH WATERS TOWNSHIP FOR THE BENEFIT OF THE MEMBERS AND THE GENERAL PUBLIC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $15,932

Program Service Revenue $0

Investment Income $3

Other Revenue $1,845

TOTAL REVENUE $17,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,272

Other Expenses $18,890

TOTAL EXPENSES $18,890

Year-over-Year Comparison

	2022	2021	Change
Revenue	$17,780	$481,102	-1.0%
Expenses	$18,890	$48,289	-0.6%
Net Income	$-1,110	$432,813	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY BOWLUS	DIRECTOR	1.00	Director	$0	$0	$0
ELEANOR BUTLER	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN DIXON	SECRETARY	1.00	Officer Director	$0	$0	$0
ANGELA DOMBROWICKI	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CARLA BIWAN HAMEISTER	DIRECTOR	1.00	Director	$0	$0	$0
GREG HOLT	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM KRAMER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MCKEON	DIRECTOR	1.00	Director	$0	$0	$0
JODY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL PUCCINELLI	DIRECTOR	1.00	Director	$0	$0	$0
DELP SCHAFER	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	No data	No data	No data	No data
2023	$17,780	$18,890	$477,394	$-1,110
2022	$481,102	$48,289	$478,504	$432,813

MANITOWISH WATERS LAKES ASSOCIATION INC