SHELL LAKE ARTS 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

1968

Legal Domicile

Principal Officer

MAUREEN REVAK

Phone

7154682414

Tax Period

2024-01-01 to 2024-12-31

SHELL LAKE ARTS CENTER INC, founded in 1968, is a small nonprofit in the Community Improvement sector that reported $720K in total revenue in fiscal year 2024.

Mission

TO PROVIDE CREATIVE ARTS EDUCATION AND ENRICHMENT EXPERIENCES FOR DIVERSE POPULATIONS OF YOUTH AND ADULT LEARNERS.

Program Service Accomplishments

Program 1

Expenses: $659,321 Revenue: $401,497

TO PROVIDE CREATIVE ARTS EDUCATION AND ENRICHMENT EXPERIENCES FOR DIVERSE POPULATIONS OF YOUTH AND ADULT LEARNERS.

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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 $301,322

Program Service Revenue $376,155

Investment Income $2,613

Other Revenue $40,332

TOTAL REVENUE $720,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $299,531

Fundraising Expenses $28,220

Program Expenses $659,321

Other Expenses $427,138

TOTAL EXPENSES $726,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$720,422	$718,345	+0.0%
Expenses	$726,669	$536,526	+0.4%
Net Income	$-6,247	$181,819	-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

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

$48,065

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURIE BAKKUM	MEMBER	1.00	Director	$0	$0	$0
KATIE GUYER	MEMBER	1.00	Director	$0	$0	$0
HARVEY HALPAUS	MEMBER	1.00	Director	$0	$0	$0
FRED JOHNSON	MEMBER	1.00	Director	$0	$0	$0
GREG KEEL	MEMBER	1.00	Director	$0	$0	$0
JULIE KRUEGER	MEMBER	1.00	Director	$0	$0	$0
SCOTT SMITH	MEMBER	1.00	Director	$0	$0	$0
BOB THORNLEY	MEMBER	1.00	Director	$0	$0	$0
PHIL WARNER	MEMBER	1.00	Director	$0	$0	$0
STEVE ZENZ	MEMBER	1.00	Director	$0	$0	$0
SHELIA ADERMAN-SQUIRES	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF SOUTHERN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL TAUBMAN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
LYNNEA LAKE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MAUREEN REVAK	TREASURER	1.00	Officer Director	$0	$0	$0
TRAVIS CHRISTOPHERSON	EXECUTIVE DIRECTOR	40.00	Officer	$48,065	$0	$48,065
MEGAN CONNERS	SECRETARY	1.00	Officer	$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	$720,422	$726,669	$618,443	$-6,247
2023	$718,345	$536,526	$606,447	$181,819
2022	$646,416	$764,656	$430,170	$-118,240
2021	$31,237	$50,119	$553,893	$-18,882
2021	$427,745	$414,875	$571,349	$12,870
2020	$460,149	$306,684	$558,151	$153,465
2019	$554,211	$494,025	$410,550	$60,186
2018	$599,308	$485,180	$328,452	$114,128