J โ€” EmploymentEIN: 382007047ยท Ruling Year: 1973

Lakestate Industries

Escanaba, Michigan

A-Health Score
75A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

๐Ÿ’ฐ
$2.9M
Total Revenue
๐Ÿ“Š
$2.8M
Total Expenses
๐Ÿฆ
$2.0M
Net Assets
๐Ÿ“‹
$124K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+6.6%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+5.6%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.74
Net assets divided by total expenses
Liabilities-to-Assets
5.7%
Total liabilities as % of total assets

Filing History

11 filings on record
YearRevenueExpensesAssets
2023$2,933,679โ†‘7%$2,767,929$2,160,700โ†‘9%
2022$2,752,479โ†“5%$2,755,543โ†‘5%$1,976,237โ†“16%
2021$2,888,223โ†‘10%$2,623,197โ†‘19%$2,357,112โ†‘7%
2020$2,633,712$2,198,426โ†“1%$2,198,691โ†‘30%
2019$2,643,311โ†‘11%$2,221,789โ†“8%$1,695,057โ†‘38%
2018$2,387,181โ†“4%$2,426,686$1,228,211โ†“2%
2017$2,493,549โ†‘6%$2,428,862โ†‘8%$1,247,974โ†‘6%
2016$2,345,268โ†‘3%$2,239,518โ†‘1%$1,174,978โ†‘70%
2013$2,272,554โ†‘3%$2,207,946โ†‘6%$692,038โ†‘11%
2012$2,205,568โ†‘8%$2,073,501โ†‘4%$626,023โ†‘16%
2011$2,051,056$2,002,470$540,890

Frequently Asked Questions

What does Lakestate Industries do?โ–ผ

Lakestate Industries is a employment nonprofit organization based in Michigan. It is classified under NTEE code J30Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Lakestate Industries financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Lakestate Industries has a score of 75/100 (Grade: A-). 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 Lakestate Industries generate?โ–ผ

Lakestate Industries reports $3.2M in annual revenue and holds $2.3M in total assets, based on IRS filings.

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Lakestate Industries โ€” Escanaba, MI | GiveScope