FUND FOR LAKE MICHIGAN INC (EIN 874340021) - 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

2022

Legal Domicile

Principal Officer

Vicki Elkin

Phone

6083341473

Tax Period

2025-01-01 to 2025-12-31

FUND FOR LAKE MICHIGAN INC, founded in 2022, is a community nonprofit in the Environment sector that reported $1.4M in total revenue in fiscal year 2025. Revenue surged 235% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 8% surplus.

Mission

Lake Michigan is one of Wisconsin's greatest assets, and its water is critical to the state's future. The Fund for Lake Michigan is here to help sustain the Lake on behalf of the people and places that depend on it. Our goal is to have a deep, positive impact on the health of Lake Michigan and on the communities of Wisconsin, now and into the future.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,425,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,425,000

Expense Breakdown

Grants Paid $1,250,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,285,846

Other Expenses $64,354

TOTAL EXPENSES $1,314,354

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,425,000	$425,000	+2.4%
Expenses	$1,314,354	$1,146,706	+0.1%
Net Income	$110,646	$-721,706	-1.2%

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

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
Steve Galarneau	Chair	1	Officer Director	$0	$0	$0
Mark Resten	Vice Chair	1	Officer Director	$0	$0	$0
Jeff Jaeckels	Secretary	1	Officer Director	$0	$0	$0
David Lee	Treasurer	1	Officer Director	$0	$0	$0
Emily Green	Director	1	Director	$0	$0	$0
Tom Hanrahan	Director	1	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	$1,425,000	$1,314,354	$801,568	$110,646
2024	$425,000	$1,146,706	$38,877	$-721,706
2023	$1,538,874	$780,246	$758,941	$758,628

FUND FOR LAKE MICHIGAN INC