HIGGINS LAKE SWIMMER'S ITCH ORGANIZ

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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

2015

Legal Domicile

Principal Officer

GREG SEMACK

Phone

2485547236

Tax Period

2019-01-01 to 2019-12-31

HIGGINS LAKE SWIMMER'S ITCH ORGANIZ, founded in 2015, is a micro nonprofit in the Environment sector that reported $57K in total revenue in fiscal year 2019. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $32K, a strong 56% operating margin.

Mission

COMBATING THE PUBLIC HEALTH PROBLEM OF SWIMMER'S ITCH FOR THE BENEFIT OF THE PUBLIC IN HIGGINS LAKE, A PUBLIC LAKE IN MICHIGAN.

Program Service Accomplishments

Program 1

Expenses: $13,800

HLSIO CONTINUED WORKING WITH THE SCIENTIFIC FIRM SWIMMER'S ITCH SOLUTIONS, LLC TO EXECUTE TRAP AND RELEASE PROGRAMS UNDER ITS DIRECTION. PROCESSES WERE STREAMLINED AND MORE PRECISELY TARGETED TO...

HLSIO CONTINUED WORKING WITH THE SCIENTIFIC FIRM SWIMMER'S ITCH SOLUTIONS, LLC TO EXECUTE TRAP AND RELEASE PROGRAMS UNDER ITS DIRECTION. PROCESSES WERE STREAMLINED AND MORE PRECISELY TARGETED TO REDUCE ONGOING COSTS WHILE CONTINUING TO ALLOW THE SWIMMER'S ITCH INFECTION LEVELS TO REMAIN LOW.

Program 2

Expenses: $8,500

HLSIO AGAIN WORKED WITH THE COALITION OF MICHIGAN LAKES TO FIGHT SWIMMER'S ITCH. THE MISIP APPROPRIATION OF 250,000 WAS USED FOR SCIENTIFIC RESEARCH AND OFFSETTING LAKE ASSOCIATION COSTS FOR...

HLSIO AGAIN WORKED WITH THE COALITION OF MICHIGAN LAKES TO FIGHT SWIMMER'S ITCH. THE MISIP APPROPRIATION OF 250,000 WAS USED FOR SCIENTIFIC RESEARCH AND OFFSETTING LAKE ASSOCIATION COSTS FOR CONTROLLING THE INCIDENCE OF SI CASES. FOR 2019 8,500 WAS PAID TO SCIENTIFIC FIRMS BY STATE ALLOCATIONS FOR SUCH RELOCATION WORK.

Program 3

Expenses: $1,124

HLSIO ONCE AGAIN HIRED A LICENSED TRAP AND RELOCATION FIRM TO RELOCATE THE CANADA GOOSE FROM HIGGINS LAKE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $44,634

Program Service Revenue $0

Investment Income $0

Other Revenue $12,400

TOTAL REVENUE $57,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,424

Other Expenses $25,372

TOTAL EXPENSES $25,372

Year-over-Year Comparison

	2019	2018	Change
Revenue	$57,034	$110,344	-0.5%
Expenses	$25,372	$92,363	-0.7%
Net Income	$31,662	$17,981	+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

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
WILLIAM CAREY	SECRETARY	N/A	Officer Director	$0	$0	$0
NEAL COOLEY	DIRECTOR	N/A	Director	$0	$0	$0
DALE MCDONALD	DIRECTOR	N/A	Director	$0	$0	$0
EDWARD NELLIST	TREASURER	N/A	Officer Director	$0	$0	$0
JOHN OGREN	DIRECTOR	N/A	Director	$0	$0	$0
BOB SCHNEIDER	DIRECTOR	N/A	Director	$0	$0	$0
GREG SEMACK	PRESIDENT	N/A	Officer Director	$0	$0	$0
DIANNE WAGNER	VICE PRESIDE	N/A	Officer 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
2019	$57,034	$25,372	$54,388	$31,662
2018	$110,344	$92,363	$22,726	$17,981