LAKE SUPERIOR CENTER

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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

1989

Legal Domicile

Principal Officer

JAY WALKER

Phone

2187403474

Tax Period

2023-01-01 to 2023-12-31

LAKE SUPERIOR CENTER, founded in 1989, is a community nonprofit in the Environment sector that reported $3.7M in total revenue in fiscal year 2023.

Mission

TO ENGAGE AND INSPIRE, ENCOURAGING STEWARDSHIP OF WILDLIFE AND WATER.

Program Service Accomplishments

Program 1

Expenses: $2,648,390 Revenue: $2,555,402

CURATORIAL OPERATIONS: MAINTAINED LAKE SUPERIOR CENTER FACILITIES OPERATIONS. WE WELCOMED 214,533 GUESTS INTO OUR FACILITY, ONE OF OUR BIGGEST YEARS ON RECORD. WE REMODELED A SMALL EXHIBIT ON OUR...

CURATORIAL OPERATIONS: MAINTAINED LAKE SUPERIOR CENTER FACILITIES OPERATIONS. WE WELCOMED 214,533 GUESTS INTO OUR FACILITY, ONE OF OUR BIGGEST YEARS ON RECORD. WE REMODELED A SMALL EXHIBIT ON OUR SECOND FLOOR, RE-BRANDING IT AS "WILD NEIGHBORS", WHICH HOUSES TERRESTRIAL ANIMALS NATIVE TO THE NORTHERN MN ECOSYSTEM.WE EXPANDED OUR IN PERSON PROGRAMS (E.G. DIVE SHOWS, OTTER FEEDINGS, CAMP, ETC.) AND EVENTS, AS ALL COVID RESTRICTIONS WERE LIFTED.

Program 2

Expenses: $556,014 Revenue: $192,342

EDUCATION - LAKE SUPERIOR CENTER OFFERS PUBLIC PROGRAMS TO RAISE AWARENESS OF FRESHWATER ENVIRONMENTAL ISSUES. WE HAD APPROXIMATELY 10,400 ATTENDEES FOR EDUCATIONAL PROGRAMS.

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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 $395,697

Program Service Revenue $2,747,744

Investment Income $13,402

Other Revenue $524,590

TOTAL REVENUE $3,681,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,153,220

Fundraising Expenses $29,077

Program Expenses $3,204,404

Other Expenses $1,487,652

TOTAL EXPENSES $3,640,872

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,681,433	$3,487,177	+0.1%
Expenses	$3,640,872	$3,561,451	+0.0%
Net Income	$40,561	$-74,274	-1.5%

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

102

Volunteers

160

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

$248,078

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER MUSTER	CHAIR (THRU DEC. 23')	1.00	Officer Director	$0	$0	$0
TODD FEDORA	TREASURER (THRU DEC. 23')	1.00	Officer Director	$0	$0	$0
AZRIN AWAL	DIRECTOR (THRU DEC. 23')	1.00	Director	$0	$0	$0
MARK BRITTON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BORLING	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY GOLDFINE	DIRECTOR	1.00	Director	$0	$0	$0
SANDY HOFF	DIRECTOR	1.00	Director	$0	$0	$0
DOUG JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
ROSIE LOEFFLER-KEMP	DIRECTOR	1.00	Director	$0	$0	$0
NORA ROSEMORE	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
KELSEY TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
TERESE TOMANEK	DIRECTOR	1.00	Director	$0	$0	$0
SHERYL WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JAY WALKER	EXECUTIVE DIRECTOR	40.00	Officer	$112,202	$33,555	$145,757
ANNIE THORS	DIRECTOR OF FINANCE	40.00	Officer	$86,538	$15,783	$102,321

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	$3,681,433	$3,640,872	$2,155,122	$40,561
2022	$3,487,177	$3,561,451	$2,089,642	$-74,274
2021	$3,675,136	$2,816,849	$2,211,388	$858,287
2020	$2,359,528	$2,485,125	$1,307,444	$-125,597
2019	$2,847,954	$3,050,606	$1,053,813	$-202,652
2018	$2,784,046	$3,092,144	$1,212,361	$-308,098