Spread Eagle Chain of Lakes Inc C/o Dana Colenso
Nonprofit profile at a glance
- EIN
- 391526599
- IRS 990-EZ coverage
- 2012–2025
- Forms available
- Form 990 2022, Form 990-EZ 2025, Form 990-N 2016
- Location
- Florence, WI, USA
- Phone
- 9067744051
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Water Resource, Wetlands Conservation and Management
Reported finances
- Revenue
- $69,917
- Expenses
- $53,911
- Assets
- $218,530
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- DEB CINI (PRESIDENT)
People named in this filing
- MARTY MUZZY (DIRECTOR)
- CINDY WEBER (SECRETARY)
- DANA COLENSO (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To educate the general public and property owners on the preservation of water quality, need for water safety and property improvement on the lakes.
What it reported doing in 2025
We provided fireworks on the fourth of july which is attended by people from our lakes and several surrounding counties. We also provided money for prizes for the most decorated boats on the fourth of july. Both the fireworks and the the boat parade are open to the general public. We provided a newsletter for lake residents telling them of upcoming events and educating them on concerns regarding the lakes such as water quality and insect infestations which is distributed to all members of our organization. We also held a boat inspection for invasive species and provided identifying aprons for volunteers who inspected boats. We have an annual meeting for all members to voice opinions on lake issues. We paid for seminar attendance for members to learn more regarding invasive species in the lakes. We paid dues to the Wisconsin association of lakes to participate in workshops and seminars on water quality and invasive species.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 82
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.7%; rating input score 77
- Program expense ratio: 98.1%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 22.9%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 4.05; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 4.1% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 1.2% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 7.3% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 76.7% of revenue deployed · 98.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $53K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2012 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Officer compensation ratio scored 56/100.