FRIENDS OF COPPER ISLAND ACADEMY (EIN 854140971) - 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

2020

Legal Domicile

Principal Officer

DEAN KANGAS

Phone

9063704600

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF COPPER ISLAND ACADEMY, founded in 2020, is a small nonprofit in the Education sector that reported $162K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $45K, a strong 28% operating margin.

Mission

TO SUPPORT, THROUGH DONATIONS AND VOLUNTEER EFFORTS, THE ESTABLISHMENT, DEVELOPMENT AND CONTINUED SUCCESS OF COPPER ISLAND ACADEMY, A CHARTER SCHOOL IN THE KEWEENAW PENINSULA OF MICHIGAN.

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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 $165,041

Program Service Revenue $0

Investment Income $3,444

Other Revenue $-6,115

TOTAL REVENUE $162,370

Expense Breakdown

Grants Paid $114,148

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $114,148

Other Expenses $3,066

TOTAL EXPENSES $117,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,370	$172,275	-0.1%
Expenses	$117,214	$287,276	-0.6%
Net Income	$45,156	$-115,001	-1.4%

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
BRENT HALONEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID HALONEN	SECRETARY	1.00	Officer Director	$0	$0	$0
KRISTI HAUGLAND	TRUSTEE	1.00	Director	$0	$0	$0
DEAN KANGAS	TREASURER	2.00	Officer Director	$0	$0	$0
DENISE MOYLE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID TAIVALKOSKI	ASSISTANT TR	2.00	Officer Director	$0	$0	$0
STEVE TARNOWSKI	ASSISTANT SE	1.00	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
2025	$162,370	$117,214	$79,808	$45,156
2024	$172,275	$287,276	$108,259	$-115,001

FRIENDS OF COPPER ISLAND ACADEMY