HEAD OF THE LAKES YOUTH FOR CHRIST

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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

1972

Legal Domicile

Principal Officer

LARRY WILLIAMS

Phone

2187229820

Tax Period

2023-07-01 to 2024-06-30

HEAD OF THE LAKES YOUTH FOR CHRIST, founded in 1972, is a micro nonprofit that reported $37K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $134K exceeded revenue, resulting in a 265% operating deficit.

Mission

OUR PRIMARY EXEMPT PURPOSE IS TO BE ORGANIZED AS OPERATE EXCLUSIVELY FOR RELIGIOUS PURPOSES. WE ACCOMPLISH THIS PURPOSE THROUGH YOUTH OUTREACH TO MIDDLE AND HIGH SCHOOL AGE CHILDREN IN THE DULUTH, MN, SUPERIOR, WI, BARNES, WI, ASHLAND, WI, AND HOUGHTON, MI AREAS.

Program Service Accomplishments

Program 1

Expenses: $114,948

YOUTH OUTREACH PROGRAMS THAT REACH OUT TO THE YOUNG PEOPLE IN THE AREA TO TEACH THE LIFE-GIVING MESSAGE OF THE LORD JESUS CHRIST. PROGRAMS INCORPORATE A VARIETY OF LARGE AND SMALL GROUP ACTIVITIES...

YOUTH OUTREACH PROGRAMS THAT REACH OUT TO THE YOUNG PEOPLE IN THE AREA TO TEACH THE LIFE-GIVING MESSAGE OF THE LORD JESUS CHRIST. PROGRAMS INCORPORATE A VARIETY OF LARGE AND SMALL GROUP ACTIVITIES, AS WELL AS ONE- ON-ONE MINISTRY. PROGRAMS RANGE FROM COMMUNITY-CENTERED YOUTH PROGRAMMING AND CAMPUS-BASED GROUPS. MINISTRY TAKES PLACE THROUGH THE DEVELOPMENT AND PURPOSEFUL RELATIONSHIPS WITH YOUNG PEOPLE, TAKING HE TIME TO GET TO KNOW THEM AND THEIR SITUATIONS. THROUGH THESE RELATIONSHIPS AND OUR PROGRAMMING, WE SEEK TO EARN OPPORTUNITIES TO SHARE THE CHRISTIAN FAITH MESSAGE WITH THEM AND SUPPORT THEM IN THEIR EFFORTS TO MAKE POSITIVE LIFE CHOICES.

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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 $31,414

Program Service Revenue $0

Investment Income $5,365

Other Revenue $0

TOTAL REVENUE $36,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,081

Fundraising Expenses $0

Program Expenses $114,948

Other Expenses $42,117

TOTAL EXPENSES $134,198

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,779	$595,556	-0.9%
Expenses	$134,198	$272,941	-0.5%
Net Income	$-97,419	$322,615	-1.3%

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
PETER CPIN	SECRETARY	N/A	Officer Director	$0	$0	$0
CHRIS JACOBSON	DIRECTOR	N/A	Director	$0	$0	$0
GORDY MESDAUL	DIRECTOR	N/A	Director	$0	$0	$0
NICOLE SEVERSON	TREASURER	N/A	Officer Director	$0	$0	$0
KENT VANDERMEIDEN	VICE CHAIR	N/A	Officer Director	$0	$0	$0
LARRY WILLIAMS	BOARD CHAIR	N/A	Officer 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
2024	$36,779	$134,198	$337,142	$-97,419
2023	$595,556	$272,941	$437,663	$322,615
2022	$167,695	$172,221	$146,938	$-4,526
2021	$289,928	$247,595	$260,549	$42,333
2020	$212,634	$279,108	$265,692	$-66,474
2019	$293,298	$256,326	$299,857	$36,972
2018	$219,296	$214,398	$618,402	$4,898