NORTH LAKELAND DISCOVERY CENTER INC

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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

1996

Legal Domicile

Principal Officer

DOUG SCOTT

Phone

7155432085

Tax Period

2023-10-01 to 2024-09-30

NORTH LAKELAND DISCOVERY CENTER INC, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $223K, a strong 17% operating margin.

Mission

THE PURPOSE OF ENRICHING LIVES AND INPIRE AN ETHIC OF CARE FOR WISCONSIN'S NORTHWOODS, THROUGH THE FACILITATION OF CONNECTIONS AMONG PEOPLE, NATURE, AND COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $876,403 Revenue: $622,472

THE PURPOSE IS TO SPONSOR OUTDOOR EDUCATION PROGRAMS REGULARLY THROUGHOUT THE YEAR. PARTICIPATION IS FROM AREA RESIDENTS, TOURISTS, AND VISITORS WITH PAYMENT OF MEMBERSHIP DUES. AREA SCHOOLS AND...

THE PURPOSE IS TO SPONSOR OUTDOOR EDUCATION PROGRAMS REGULARLY THROUGHOUT THE YEAR. PARTICIPATION IS FROM AREA RESIDENTS, TOURISTS, AND VISITORS WITH PAYMENT OF MEMBERSHIP DUES. AREA SCHOOLS AND YOUTH PROGRAMS ARE ALSO REGULARYLY SERVICED.

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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 $595,238

Program Service Revenue $586,793

Investment Income $28,803

Other Revenue $99,210

TOTAL REVENUE $1,310,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $553,016

Fundraising Expenses $62,398

Program Expenses $876,403

Other Expenses $533,822

TOTAL EXPENSES $1,086,838

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,310,044	$924,188	+0.4%
Expenses	$1,086,838	$928,050	+0.2%
Net Income	$223,206	$-3,862	-58.8%

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

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
RICHARD PHILLIPS	CHAIR	1.00	Officer Director	$0	$0	$0
STEPHEN RUSSELL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GARY ENGSTROM	SECRETARY	1.00	Officer Director	$0	$0	$0
DOUG SCOTT	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC KOSTER	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
STEVE BUDNICK	DIRECTOR	1.00	Director	$0	$0	$0
JOANN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
NICK NEWTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SCHULTZ	DIRECTOR	1.00	Director	$0	$0	$0
RUSS SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
BETH FEIND	DIRECTOR	1.00	Director	$0	$0	$0
BRENT JELINSKI	DIRECTOR	1.00	Director	$0	$0	$0
LORI SHEPERD	DIRECTOR	1.00	Director	$0	$0	$0
ROLF ETHUN	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	$1,310,044	$1,086,838	$5,324,860	$223,206
2023	$924,188	$928,050	$5,098,735	$-3,862
2022	$1,061,982	$801,233	$5,097,379	$260,749
2021	$2,765,130	$795,205	$4,813,502	$1,969,925
2020	$876,861	$668,735	$2,843,421	$208,126
2018	$1,436,122	$847,498	$2,428,562	$588,624