Lake Superior State University Foundation
Sault S Marie, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 4 peers in Education with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $3,637,982↓15% | $2,166,565↑8% | $25,784,435↑15% | |
| 2022 | $4,258,550↓4% | $2,012,449↓25% | $22,456,507↓11% | — |
| 2021 | $4,430,858↑26% | $2,679,878↓21% | $25,335,019↑23% | — |
| 2020 | $3,515,010↓2% | $3,373,819↑29% | $20,594,938↓6% | — |
| 2019 | $3,584,409↓17% | $2,621,166↑45% | $21,869,131↑5% | — |
| 2018 | $4,336,925↑58% | $1,807,919↑25% | $20,896,221↑18% | — |
| 2017 | $2,751,221↓26% | $1,446,623↓31% | $17,740,170↑15% | — |
| 2016 | $3,694,951↓1% | $2,097,646↓21% | $15,363,311↑8% | — |
| 2015 | $3,730,782↑14% | $2,640,342↑58% | $14,256,808↑8% | — |
| 2014 | $3,283,261↑5% | $1,675,442↑16% | $13,199,750↑23% | — |
| 2013 | $3,139,305↑90% | $1,444,708↑34% | $10,693,145↑24% | — |
| 2012 | $1,649,013↑11% | $1,075,736↑8% | $8,610,082↑6% | — |
| 2011 | $1,480,235 | $992,572 | $8,144,049 | — |
Frequently Asked Questions
What does Lake Superior State University Foundation do?▼
Lake Superior State University Foundation is a education nonprofit organization based in Michigan. It is classified under NTEE code B43I and is registered as a 501(c) tax-exempt organization with the IRS.
Is Lake Superior State University Foundation financially healthy?▼
Based on our 9-metric Financial Health Score model, Lake Superior State University Foundation has a score of 74/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Lake Superior State University Foundation generate?▼
Lake Superior State University Foundation reports $8.6M in annual revenue and holds $32.7M in total assets, based on IRS filings.