LAKE MILLS AREA COMMUNITY FOUNDATION INC (EIN 391858825) - 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

1996

Legal Domicile

Principal Officer

KERRY DENSON

Tax Period

2023-01-01 to 2023-12-31

LAKE MILLS AREA COMMUNITY FOUNDATION INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $478K in total revenue in fiscal year 2023. Revenue surged 827% from the prior year, signaling strong growth momentum. The organization ran a surplus of $277K, a strong 58% operating margin.

Mission

Provide grants to organizations within the greater Lake Mills, Wisconsin community for the improvement of the residents of the community to enhance the quality of life.

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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 $279,224

Program Service Revenue $0

Investment Income $199,233

Other Revenue $0

TOTAL REVENUE $478,457

Expense Breakdown

Grants Paid $159,321

Salaries & Benefits $5,090

Fundraising Expenses $0

Program Expenses $159,321

Other Expenses $36,620

TOTAL EXPENSES $201,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$478,457	$51,599	+8.3%
Expenses	$201,031	$220,038	-0.1%
Net Income	$277,426	$-168,439	-2.6%

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
JAY SMITH	DIR / PRESIDENT	001.00	Officer Director	$0	$0	$0
PAM LAZARIS	DIR / VICE PRES	001.00	Officer Director	$0	$0	$0
KERRY DENSEN	DIR / TREASURER/SECRETARY	001.00	Officer Director	$0	$0	$0
PAMALA STEICH	DIRECTOR	001.00	Director	$0	$0	$0
RICHARD WOLLIN	DIRECTOR	001.00	Director	$0	$0	$0
J BRIAN WATSON	DIRECTOR	001.00	Director	$0	$0	$0
RICHARD MASON	DIRECTOR AT LARGE NON VOTING	001.00	Director	$0	$0	$0
AARON GENTHE	ADM ASSISTANNT	001.00	Director	$0	$0	$0
MALLORY HINES	ADM ASSISTANNT	001.00	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	No data	No data	No data	No data
2023	$478,457	$201,031	$4,680,377	$277,426
2022	$51,599	$220,038	$3,988,271	$-168,439
2021	$705,547	$226,919	$4,849,265	$478,628
2020	$620,920	$153,213	$4,419,878	$467,707
2019	$208,796	$185,944	$3,602,514	$22,852
2018	$305,506	$144,107	$3,120,971	$161,399

LAKE MILLS AREA COMMUNITY FOUNDATION INC