LAKE EFFECT COMMUNITY ARTS CENTER (EIN 451473054) - 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

2011

Legal Domicile

Phone

9062833415

Tax Period

2025-01-01 to 2025-12-31

LAKE EFFECT COMMUNITY ARTS CENTER, founded in 2011, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $91K in total revenue in fiscal year 2025. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19K, a strong 21% operating margin.

Mission

TO ENRICH THE CULTURAL LIVES OF THE RESIDENTS AND VISITORS OF SCHOOLCRAFT COUNTY BY NUTURING AND SUPPORTING EXCELLENCE IN THE ARTS. PROMOTING, PRESENTING AND ENCOURAGING ARTISTS AND INCREASING COMMUNITY AWARENESS AND APPRECIATION FOR THE ARTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $72,938

Program Service Revenue $7,475

Investment Income $326

Other Revenue $10,659

TOTAL REVENUE $91,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,659

Other Expenses $72,089

TOTAL EXPENSES $72,089

Year-over-Year Comparison

	2025	2024	Change
Revenue	$91,398	$65,450	+0.4%
Expenses	$72,089	$56,945	+0.3%
Net Income	$19,309	$8,505	+1.3%

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

240

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
MINDY ASP	DIRECTOR	2.00	Director	$0	$0	$0
JOAN ECCLESINE	DIRECTOR	2.00	Director	$0	$0	$0
MANDY FIERENS	DIRECTOR	2.00	Director	$0	$0	$0
ERIC NEILSON	DIRECTOR	2.00	Director	$0	$0	$0
KATIE BIRDSLEY	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON SHOEMAKER	DIRECTOR	2.00	Director	$0	$0	$0
JANET KNAFFLA	DIRECTOR	2.00	Director	$0	$0	$0
CHET MCDOUGLE	DIRECTOR	2.00	Director	$0	$0	$0
HANNA DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
JEN EVINK	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE WORLEY	PRESIDENT	2.00	Officer	$0	$0	$0
CATHY ROHDE	VICE PRESIDENT	2.00	Officer	$0	$0	$0
LYNE LEJEUNE	SECRETARY	2.00	Officer	$0	$0	$0
LAURA STEFFAN	TREASURER	2.00	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
2025	$91,398	$72,089	$215,231	$19,309
2024	$65,450	$56,945	$216,435	$8,505
2023	$44,371	$59,724	$207,930	$-15,353
2022	$35,086	$51,621	$223,283	$-16,535
2021	$69,737	$27,970	$270,130	$41,767
2020	$176,670	$26,114	$228,363	$150,556
2019	$78,145	$47,892	$77,807	$30,253

LAKE EFFECT COMMUNITY ARTS CENTER