LAKE EFFECT CONSERVANCY (EIN 813649096) - 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

BLAKE SANDVOLD

Phone

6123848992

Tax Period

2024-01-01 to 2024-12-31

LAKE EFFECT CONSERVANCY, founded in 2016, is a small nonprofit in the Environment sector that reported $184K in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $811K exceeded revenue, resulting in a 341% operating deficit.

Mission

THE LAKE EFFECT CONSERVANCY IS A NONPROFIT ORGANIZATION THAT SERVES AS AN ADVOCATE AND FUNDRAISING AGENCY FOR THE PANOWAY ON WAYZATA BAY INITIATIVE, A PUBLIC-PRIVATE PARTNERSHIP WITH THE CITY OF WAYZATA. THE GOAL OF THIS INITIATIVE IS TO PRESERVE AND ENHANCE THE CITY'S GREATEST ASSET, LAKE MINNETONKA, FOR FUTURE GENERATIONS AND TO HELP IMPROVE THE LAKESIDE ECOSYSTEM WITH SIGNIFICANT BENEFITS TO THE 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 (2024)

Revenue Breakdown

Contributions & Grants $167,097

Program Service Revenue $0

Investment Income $17,004

Other Revenue $0

TOTAL REVENUE $184,101

Expense Breakdown

Grants Paid $700,892

Salaries & Benefits $0

Fundraising Expenses $6,849

Program Expenses $708,392

Other Expenses $110,535

TOTAL EXPENSES $811,427

Year-over-Year Comparison

	2024	2023	Change
Revenue	$184,101	$1,307,388	-0.9%
Expenses	$811,427	$634,628	+0.3%
Net Income	$-627,326	$672,760	-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

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
BARRY J CARLSON	DIRECTOR	2.00	Director	$0	$0	$0
BLAKE SANDVOLD	CHAIR	2.00	Officer Director	$0	$0	$0
BOB AMBROSE	DIRECTOR	2.00	Director	$0	$0	$0
DAN KOCH	TREASURER	2.00	Officer Director	$0	$0	$0
FRANK BOMIER	DIRECTOR	2.00	Director	$0	$0	$0
MADDIE MITHUN	DIRECTOR	2.00	Director	$0	$0	$0
TORY SCHALKLE	DIRECTOR	2.00	Director	$0	$0	$0
JOY SZARKE	SECRETARY	2.00	Officer Director	$0	$0	$0
DR CHARLES YANCEY	DIRECTOR	2.00	Director	$0	$0	$0
HARRY JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
MARK SCHOLTES	DIRECTOR	2.00	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	$184,101	$811,427	$173,592	$-627,326
2023	$1,307,388	$634,628	$800,918	$672,760
2022	$235,621	$302,359	$128,158	$-66,738
2021	$284,718	$295,162	$195,140	$-10,444
2020	$79,242	$153,059	$205,569	$-73,817
2019	$213,001	$80,596	$279,296	$132,405

LAKE EFFECT CONSERVANCY