ART OF THE LAKES ASSOCIATION INC (EIN 411479073) - 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

1968

Legal Domicile

Principal Officer

KRISTI KUDER

Phone

2188648606

Tax Period

2023-01-01 to 2023-12-31

ART OF THE LAKES ASSOCIATION INC, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $245K in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $72K, a strong 29% operating margin.

Mission

ART OF THE LAKES PROMOTES AND ENCOURAGES INTEREST IN THE ARTS IN THE AREA THROUGH EXHIBITIONS AND ART RELATED EDUCATIONAL ACTIVITIES FOR PEOPLE OF ALL AGES.

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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 $141,635

Program Service Revenue $19,606

Investment Income $1,785

Other Revenue $81,892

TOTAL REVENUE $244,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,673

Fundraising Expenses $18,122

Program Expenses $127,871

Other Expenses $132,613

TOTAL EXPENSES $173,286

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,918	$135,541	+0.8%
Expenses	$173,286	$129,424	+0.3%
Net Income	$71,632	$6,117	+10.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDI CELASCHI	SECRETARY	1.00	Officer Director	$0	$0	$0
SUE KALSEIM	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KRISTI KUDER	CHAIR PERSON	1.00	Officer Director	$0	$0	$0
ANN SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID BEDDOW	DIRECTOR	1.00	Officer	$0	$0	$0
SHARI PRIGGE	DIRECTOR	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	No data	No data	No data	No data
2023	$244,918	$173,286	$263,165	$71,632

ART OF THE LAKES ASSOCIATION INC