LAKE AREA INDUSTRY ALLIANCE (EIN 721500219) - 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

2001

Legal Domicile

Principal Officer

JIM ROCK

Phone

3374366800

Tax Period

2023-01-01 to 2023-12-31

LAKE AREA INDUSTRY ALLIANCE, founded in 2001, is a small nonprofit in the Environment sector that reported $583K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $531K left a modest 9% surplus.

Mission

THE ORGANIZATION SUPPORTS THE LOCAL COMMUNITY AND THROUGH PROJECTS THAT EDUCATES AND INFORM NATIONAL, STATE, LOCAL CIVIC AND OTHER LEADERS AND THE PUBLIC ABOUT ISSUES AFFECTING, AND IMPACTING UPON BUSINESS, INDUSTRY AND TRADE; TO ENCOURAGE PRESENT AND NEW INDUSTRY TO BE GOOD STEWARDS OF THE ENVIRONMENT AND PROMOTE THE GENERAL BETTERMENT OF THE AREA; TO WORK WITH LOCAL EDUCATION LEADERS TO ENHANCE THE EDUCATION SYSTEMS TO MEET THE PRESENT AND FUTURE NEEDS OF THE BUSINESS COMMUNITY.

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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 $278,870

Program Service Revenue $301,762

Investment Income $2,108

Other Revenue $0

TOTAL REVENUE $582,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,850

Fundraising Expenses $0

Program Expenses $485,884

Other Expenses $421,754

TOTAL EXPENSES $530,604

Year-over-Year Comparison

	2023	2022	Change
Revenue	$582,740	$445,301	+0.3%
Expenses	$530,604	$502,405	+0.1%
Net Income	$52,136	$-57,104	-1.9%

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

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

$101,115

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK KERN	DIRECTOR	0.00	Director	$0	$0	$0
STEVEN DUGAT	DIRECTOR	0.00	Director	$0	$0	$0
DAVID MICHAELIS	DIRECTOR	0.00	Director	$0	$0	$0
STERLING NEBLETT	DIRECTOR	0.00	Director	$0	$0	$0
JEFF BRIGHTWELL	DIRECTOR	0.00	Director	$0	$0	$0
SCOT TYLER	DIRECTOR	0.00	Director	$0	$0	$0
GREG STRACNER	DIRECTOR	0.00	Director	$0	$0	$0
DAMIEN GIVENS	DIRECTOR	0.00	Director	$0	$0	$0
CHAD ELDRIDGE	DIRECTOR	0.00	Director	$0	$0	$0
AL WOODS	DIRECTOR	0.00	Director	$0	$0	$0
TIM HALL	DIRECTOR	0.00	Director	$0	$0	$0
WP FISHER	DIRECTOR	0.00	Director	$0	$0	$0
DAVID SCHRUTKA	DIRECTOR	0.00	Director	$0	$0	$0
GREGORY GRAY	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
ERIC WALKER	DIRECTOR	0.00	Director	$0	$0	$0
CURTIS BRESCHER	DIRECTOR	0.00	Director	$0	$0	$0
GREG DEFRATES	TREASURER	0.00	Officer Director	$0	$0	$0
WILLIAM CLEMENT	DIRECTOR	0.00	Director	$0	$0	$0
JOANNE SOVEREIGN	DIRECTOR	0.00	Director	$0	$0	$0
ANDY DADOSKY	DIRECTOR	0.00	Director	$0	$0	$0
DAVID HEXT	DIRECTOR	0.00	Director	$0	$0	$0
GARRETT SPEIGHTS	DIRECTOR	0.00	Director	$0	$0	$0
INGOLFUR HELGASON	DIRECTOR	0.00	Director	$0	$0	$0
MARK PETERS	PRESIDENT	0.00	Officer Director	$0	$0	$0
JIM ROCK	EXECUTIVE DIRECTOR	40.00	Officer	$101,115	$0	$101,115

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	$582,740	$530,604	$349,523	$52,136
2022	$445,301	$502,405	$296,998	$-57,104
2021	$594,711	$504,190	$352,045	$90,521
2020	$395,631	$486,861	$260,876	$-91,230
2019	$655,436	$522,667	$354,271	$132,769
2018	$350,068	$464,932	$220,314	$-114,864

LAKE AREA INDUSTRY ALLIANCE