Head of the Lakes United Way (EIN 410857077) - 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

1922

Legal Domicile

Principal Officer

Sara Niemi

Phone

2187264770

Tax Period

2023-07-01 to 2024-06-30

Head of the Lakes United Way, founded in 1922, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.6M in total revenue in fiscal year 2023. Net assets of $8.0M represent 61 months of operating reserves.

Mission

To strengthen the communities we serve by uniting people and resources.

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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 $1,126,270

Program Service Revenue $6,102

Investment Income $458,453

Other Revenue $-12,006

TOTAL REVENUE $1,578,819

Expense Breakdown

Grants Paid $607,227

Salaries & Benefits $709,840

Fundraising Expenses $335,414

Program Expenses $910,184

Other Expenses $244,127

TOTAL EXPENSES $1,561,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,578,819	$1,569,849	+0.0%
Expenses	$1,561,194	$1,819,044	-0.1%
Net Income	$17,625	$-249,195	-1.1%

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

176

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

$181,696

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Janet Nelson	Chair	1.00	Officer Director	$0	$0	$0
Amy Hallback	Treasurer	1.00	Officer Director	$0	$0	$0
Beth McCuskey	Vice Chair	1.00	Officer Director	$0	$0	$0
Tricia Hobbs	Secretary	1.00	Officer Director	$0	$0	$0
Annie Lepper	Director	1.00	Director	$0	$0	$0
Todd Gustafson	Director	1.00	Director	$0	$0	$0
Shawn Carr	Director	1.00	Director	$0	$0	$0
Jerrid Anderson	Director	1.00	Director	$0	$0	$0
Jen Patterson	Director	1.00	Director	$0	$0	$0
Amy Starzecki	Director	1.00	Director	$0	$0	$0
Frances Wittenberg	Director	1.00	Director	$0	$0	$0
Allison Hanig-Landrus	Director	1.00	Director	$0	$0	$0
Matthew Hunter	President	40.00	Officer	$98,551	$6,172	$104,723
Kim Ulmer	Finance Director	40.00	Officer	$76,820	$153	$76,973

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	$1,578,819	$1,561,194	$8,546,818	$17,625
2023	$1,569,849	$1,819,044	$8,182,381	$-249,195
2022	$1,656,785	$1,893,843	$8,000,348	$-237,058
2021	$1,838,907	$1,833,162	$9,050,785	$5,745
2020	$2,032,746	$2,094,104	$7,451,013	$-61,358
2019	$2,191,872	$2,344,527	$7,214,473	$-152,655
2018	$2,324,007	$2,380,965	$7,118,350	$-56,958

Head of the Lakes United Way