SUGARLOAF THE NORTH SHORE STEWARDSHIP ASSOCIATION

EIN: 411730982 501(c)(3) Environment

Duluth, MN

Total Revenue
$1,276,764
Total Expenses
$315,322
Total Assets
$2,991,966
Net Assets
$2,934,628
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MN
Principal Officer
Molly Thompson
Phone
2185250001
Tax Period
2024-01-01 to 2024-12-31

SUGARLOAF THE NORTH SHORE STEWARDSHIP ASSOCIATION, founded in 1993, is a community nonprofit in the Environment sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 331% from the prior year, signaling strong growth momentum. The organization ran a surplus of $961K, a strong 75% operating margin.

Mission

To inspire the preservation and restoration of the North Shore's unique environment through education and exemplary stewardship, especially at Sugarloaf Cove.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,205,357
Program Service Revenue $33,890
Investment Income $163
Other Revenue $37,354
TOTAL REVENUE $1,276,764

Expense Breakdown

Grants Paid $0
Salaries & Benefits $89,119
Fundraising Expenses $2,973
Program Expenses $253,333
Other Expenses $226,203
TOTAL EXPENSES $315,322

Year-over-Year Comparison

2024 2023 Change
Revenue $1,276,764 $296,238 +3.3%
Expenses $315,322 $215,651 +0.5%
Net Income $961,442 $80,587 +10.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
5
Volunteers
20

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
4
$0
Total Directors
13
$11,771
Key Employees
1
$51,806
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Molly Thompson Executive Director 35
Key Emp Highest
$51,806 $0 $51,806
Mike Reichenbach Director 0.5
Director
$10,744 $0 $10,744
Jeff Gniffke Director 0.5
Director
$1,027 $0 $1,027
Bruce Martinson Director 0.5
Director
$0 $0 $0
Dan Kaler Vice President 0.5
Officer Director
$0 $0 $0
Mark Magney Treasurer 1
Officer Director
$0 $0 $0
Peter Juhl Director 0.5
Director
$0 $0 $0
Phil Sogge Director 0.5
Director
$0 $0 $0
Ari Fuad President 1
Officer Director
$0 $0 $0
Susan Fuad Secretary 1
Officer Director
$0 $0 $0
Tam Seidl Director 0.5
Director
$0 $0 $0
Russ Baker Director 0.5
Director
$0 $0 $0
John Bathke Director 0.5
Director
$0 $0 $0
Steve Harstad Director 0.5
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
2024 $1,276,764 $315,322 $2,991,966 $961,442
2023 $296,238 $215,651 $1,932,482 $80,587
2022 $545,260 $255,411 $1,765,727 $289,849
2021 $318,788 $264,186 $1,592,077 $54,602
2021 $309,956 $264,186 $1,577,289 $45,770
2020 $247,973 $193,238 $1,472,042 $54,735
2020 $253,930 $193,238 $1,477,999 $60,692
2019 $196,277 $180,979 $1,359,767 $15,298
2018 $204,806 $194,160 $1,241,023 $10,646
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