GULL CHAIN OF LAKES ASSOCIATION (EIN 411272492) - 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

1992

Legal Domicile

Principal Officer

STEVE FRAWLEY

Phone

6127516156

Tax Period

2024-01-01 to 2024-12-31

GULL CHAIN OF LAKES ASSOCIATION, founded in 1992, is a small nonprofit in the Environment sector that reported $238K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $93K, a strong 39% operating margin.

Mission

SEE BELOW

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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 $216,648

Program Service Revenue $0

Investment Income $15,478

Other Revenue $5,918

TOTAL REVENUE $238,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,474

Fundraising Expenses $0

Program Expenses $103,291

Other Expenses $128,469

TOTAL EXPENSES $144,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,044	$268,668	-0.1%
Expenses	$144,943	$170,894	-0.2%
Net Income	$93,101	$97,774	0.0%

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

100

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

$12,619

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE FRAWLEY	PRESIDENT	10.00	Officer	$0	$0	$0
JAY CHANEY	VICE PRESIDE	2.00	Officer	$0	$0	$0
SUE FRIEDRICHS	SECRETARY/TR	10.00	Officer	$12,619	$0	$12,619
DR ROBERT ELIASON	DIRECTOR	2.00	Director	$0	$0	$0
KATHY LUNDBERG	DIRECTOR	2.00	Director	$0	$0	$0
TIM THOELE	DIRECTOR	2.00	Director	$0	$0	$0
JIM WOLL	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$238,044	$144,943	$564,854	$93,101
2023	$268,668	$170,894	$455,794	$97,774

GULL CHAIN OF LAKES ASSOCIATION