LAKE VERMILION CULTURAL CENTER (EIN 454180037) - 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

2012

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

LAKE VERMILION CULTURAL CENTER, founded in 2012, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $62K in total revenue in fiscal year 2023. Expenses of $71K exceeded revenue, resulting in a 14% operating deficit.

Mission

MAINTAIN AND PRESERVE THE CULTURE OF THE LOCAL AREA.

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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 $61,922

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $61,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,333

Fundraising Expenses $0

Program Expenses $70,820

Other Expenses $55,487

TOTAL EXPENSES $70,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,922	N/A	N/A
Expenses	$70,820	$11,821	+5.0%
Net Income	$-8,898	$-11,821	-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
MARY BATINICH	CHAIR PERSON	3.00	Director	$0	$0	$0
RYAN BAJAN	TREASUER	5.00	Officer	$0	$0	$0
LINDA HAUGAN	SECRETARY	5.00	Officer	$0	$0	$0
DONALD ERICKSON	PRESIDENT	5.00	Officer	$0	$0	$0
ELAINE MCGILLIVRAY	VICE PRESIDENT	5.00	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
2024	No data	No data	No data	No data
2023	$61,922	$70,820	$571,273	$-8,898
2021	$87,315	$52,537	$580,171	$34,778
2020	$148,704	$23,696	$545,393	$125,008
2019	$98,955	$38,424	$420,385	$60,531

LAKE VERMILION CULTURAL CENTER