Naukati Bay Inc

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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

1992

Legal Domicile

Principal Officer

Heidi Young

Phone

9076294319

Tax Period

2023-07-01 to 2024-06-30

Naukati Bay Inc, founded in 1992, is a micro nonprofit that reported $33K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $44K exceeded revenue, resulting in a 33% operating deficit.

Mission

Most of our expense is Fire Department and EMS. We work on snow removal. We operate a state-owned marina with a separate bank account. Does not provide income to our 501(c)(4).

Program Service Accomplishments

Program 1

Expenses: $4,924

EMS and Fire Department Service: Provided medical, first aid, transportation to those in need of services. Provided fire protection and preventative services. Provided education and training to the...

Program 2

Expenses: $39,069

Road work and snow removal to keep our roads safe for our residents as well as providing ways to evacuate from the community as needed.

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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 $26,693

Program Service Revenue $5,907

Investment Income $520

Other Revenue $0

TOTAL REVENUE $33,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,993

Other Expenses $43,993

TOTAL EXPENSES $43,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,120	$35,522	-0.1%
Expenses	$43,993	$89,226	-0.5%
Net Income	$-10,873	$-53,704	-0.8%

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

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
Vanessa Richter-Russell	President	2.00	Officer Director	$0	$0	$0
Mark Christopherson	Vice President	2.00	Officer Director	$0	$0	$0
Heidi Young	Treasurer	2.00	Officer Director	$0	$0	$0
Donald Templin	Secretary	2.00	Officer Director	$0	$0	$0
Charles Russell	Director	2.00	Director	$0	$0	$0
Derek Shell	Director	2.00	Director	$0	$0	$0
Gregg Parsley	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	$33,120	$43,993	$409,903	$-10,873
2023	$35,522	$89,226	$420,776	$-53,704
2022	$27,606	$22,533	$807,222	$5,073