LAKE GENEVA HERITAGE 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

2011

Legal Domicile

Principal Officer

LARRY LARKIN

Phone

2622482569

Tax Period

2023-01-01 to 2023-12-31

LAKE GENEVA HERITAGE CENTER, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $211K in total revenue in fiscal year 2023. The organization ran a surplus of $186K, a strong 88% operating margin.

Mission

PRESERVE, ADVANCE AND DISSEMINATE KNOWLEDGE OF THE HERITAGE, ESPECIALLY THE MARITIME HERITAGE, OF LAKE GENEVA, WISCONSIN.

Program Service Accomplishments

Program 1

Expenses: $10,950

PRESERVE, ADVANCE AND DISSEMINATE KNOWLEDGE OF THE HERITAGE, ESPECIALLY THE MARITIME HERITAGE, OF LAKE GENEVA, WISCONSIN.

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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 $24,300

Program Service Revenue $0

Investment Income $13,165

Other Revenue $173,502

TOTAL REVENUE $210,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,950

Other Expenses $25,450

TOTAL EXPENSES $25,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,967	N/A	N/A
Expenses	$25,450	N/A	N/A
Net Income	$185,517	$0	N/A

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
KARL OTZEN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CLARE	DIRECTOR	1.00	Director	$0	$0	$0
LARRY LARKIN	PRESIDENT	5.00	Officer	$0	$0	$0
CHARLES COLMAN	SECRETARY\TREASURER	1.00	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
2023	$210,967	$25,450	$433,366	$185,517