LAKE SULLIVAN ASSOCIATION INC

EIN: 416173302 501(c)(3) Environment

HILLMAN, MN

Total Revenue
$45,295
Total Expenses
$49,518
Total Assets
$45,462
Net Assets
$45,462
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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
2003
Legal Domicile
MN
Principal Officer
ANTHONY ELLINGSON
Phone
3202773936
Tax Period
2024-01-01 to 2024-12-31

LAKE SULLIVAN ASSOCIATION INC, founded in 2003, is a micro nonprofit in the Environment sector that reported $45K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum.

Mission

PRESERVATION AND PROTECTION OF THE LAKE ENVIRONMENT.

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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 $39,357
Program Service Revenue $0
Investment Income $0
Other Revenue $5,938
TOTAL REVENUE $45,295

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,531
Fundraising Expenses $0
Program Expenses $49,518
Other Expenses $32,987
TOTAL EXPENSES $49,518

Year-over-Year Comparison

2024 2023 Change
Revenue $45,295 $25,694 +0.8%
Expenses $49,518 $46,095 +0.1%
Net Income $-4,223 $-20,401 -0.8%
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

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Governance

Voting Members
110
Independent Members
110
Employees
15
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY ELLINGSON SECRETARY/TR N/A
Officer
$0 $0 $0
RON PETERSON PRESIDENT N/A
Officer
$0 $0 $0
CHAD RENTZ VICE PRESIDE N/A
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 $45,295 $49,518 $45,462 $-4,223
2023 $25,694 $46,095 $49,930 $-20,401
2022 $60,413 $86,251 $70,187 $-25,838
2021 $99,778 $41,209 $95,966 $58,569
2020 $31,747 $44,009 $38,967 $-12,262
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