NORTH MANITOU LIGHT KEEPERS INC (EIN 813573084) - 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

2016

Legal Domicile

Principal Officer

DANIEL OGINSKY

Phone

3177093423

Tax Period

2023-01-01 to 2023-12-31

NORTH MANITOU LIGHT KEEPERS INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $258K in total revenue in fiscal year 2023. Revenue surged 127% from the prior year, signaling strong growth momentum. The organization ran a surplus of $158K, a strong 61% operating margin.

Mission

1) TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES; INCLUDING MAINTAINING HISTORICAL LIGHTHOUSES IN NORTHERN MICHIGAN FOR THE PURPOSE OF PROVIDING EDUCATIONAL OPPORTUNITIES AND HISTORIC PERSERVATION OF LIGHTHOUSES THAT WERE PREVIOUSLY OWNED BY GOVERNMENT ENTITIES. 2) TO RECEIVE AND ADMINISTER FUNDS TO THE ORGANIZATION. 3) TO ACQUIRE, OWN, DISPOSE OF REAL AND PERSONAL PROPERTY AND INTERESTS THEIRIN AND TO APPLY GIFTS, GRANTS, BEQUESTS AND DEVICES.

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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 $245,210

Program Service Revenue $12,868

Investment Income $30

Other Revenue $0

TOTAL REVENUE $258,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,453

Fundraising Expenses $0

Program Expenses $51,446

Other Expenses $95,447

TOTAL EXPENSES $99,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$258,108	$113,731	+1.3%
Expenses	$99,900	$179,642	-0.4%
Net Income	$158,208	$-65,911	-3.4%

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

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
TODD BUCKLEY	TREASURER	1.00	Officer Director	$0	$0	$0
JACOB KABERLE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MCWILLIAM	DIRECTOR	1.00	Director	$0	$0	$0
ANNA HODGES OGINSKY	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL OGINSKY	PRESIDENT	3.00	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
2024	No data	No data	No data	No data
2023	$258,108	$99,900	$562,245	$158,208
2022	$113,731	$175,350	$522,086	$-61,619

NORTH MANITOU LIGHT KEEPERS INC