HIGHLANDS GLACIAL LAKES INITIATIVE INC (EIN 844228375) - 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

2019

Legal Domicile

Principal Officer

ROBERT K BONGIOVANNI

Phone

9084507313

Tax Period

2024-12-01 to 2025-11-30

HIGHLANDS GLACIAL LAKES INITIATIVE INC, founded in 2019, is a small nonprofit in the Environment sector that reported $300K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

Reasearch, education and data collection for the preservation of lakes.

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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 $287,732

Program Service Revenue $0

Investment Income $1,492

Other Revenue $10,963

TOTAL REVENUE $300,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,637

Fundraising Expenses $0

Program Expenses $302,937

Other Expenses $106,013

TOTAL EXPENSES $308,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,187	$270,743	+0.1%
Expenses	$308,650	$281,238	+0.1%
Net Income	$-8,463	$-10,495	-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

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
ELIZABETH SEELEY	President	5.00	Director	$0	$0	$0
Steven Finke	Vice President	5.00	Director	$0	$0	$0
Robert Bongiovanni	Treasurer	5.00	Director	$0	$0	$0
Susan Dorward	Secretary	5.00	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
2025	$300,187	$308,650	$170,725	$-8,463
2024	$270,743	$281,238	$179,188	$-10,495
2023	$261,081	$273,796	$189,683	$-12,715
2022	$241,821	$240,668	$202,398	$1,153
2021	$234,659	$223,086	$201,244	$11,573
2020	$430,699	$240,927	$190,615	$189,772

HIGHLANDS GLACIAL LAKES INITIATIVE INC