HEAD OF THE LAKES UNITED WAY TRUST (EIN 416025520) - 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

1943

Legal Domicile

Principal Officer

DEANNA BENSON

Phone

2187232894

Tax Period

2023-01-01 to 2023-12-31

HEAD OF THE LAKES UNITED WAY TRUST, founded in 1943, is a small nonprofit that reported $316K in total revenue in fiscal year 2023. Net assets of $6.3M represent 238 months of operating reserves.

Mission

TO RECEIVE GIFTS AND BEQUESTS, INVEST SUCH ITEMS, AND DISTRIBUTE THE INTEREST AND DIVIDENDS EARNED, NET OF ADMINISTRATION EXPENSES PAID, TO THE HEAD OF THE LAKES UNITED WAY.

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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 $85,579

Program Service Revenue $0

Investment Income $230,228

Other Revenue $0

TOTAL REVENUE $315,807

Expense Breakdown

Grants Paid $322,025

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $322,025

Other Expenses $17,284

TOTAL EXPENSES $339,309

Year-over-Year Comparison

	2023	2022	Change
Revenue	$315,807	$299,331	+0.1%
Expenses	$339,309	$329,414	+0.0%
Net Income	$-23,502	$-30,083	-0.2%

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

N/A

Volunteers

N/A

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
DEANNA BENSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
JUHL HALVORSON	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
GARY TANGEN	TRUSTEE	N/A	Director	$0	$0	$0
KAREN SALMELA	TRUSTEE	N/A	Director	$0	$0	$0
LISA ERWIN	TRUSTEE	N/A	Director	$0	$0	$0
LESLIE BEIERS	TRUSTEE	N/A	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	No data	No data	No data	No data
2023	$315,807	$339,309	$6,480,378	$-23,502
2022	$299,331	$329,414	$5,756,779	$-30,083
2021	$248,249	$319,720	$7,085,058	$-71,471
2020	$250,906	$269,212	$5,895,324	$-18,306
2019	$221,307	$245,529	$5,180,815	$-24,222
2018	$297,502	$226,790	$4,217,070	$70,712

HEAD OF THE LAKES UNITED WAY TRUST