LSP ASSOCIATION (EIN 020314704) - 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

1978

Legal Domicile

Principal Officer

JOHN CASEY

Phone

6032937771

Tax Period

2024-11-01 to 2025-10-31

LSP ASSOCIATION, founded in 1978, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. The organization ran a surplus of $292K, a strong 17% operating margin.

Mission

OPERATE A SOCIAL RECREATIONAL CLUB

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,646,672

Investment Income $28,158

Other Revenue $0

TOTAL REVENUE $1,674,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $502,171

Fundraising Expenses $0

Program Expenses $42,602

Other Expenses $881,131

TOTAL EXPENSES $1,383,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,674,830	$1,609,935	+0.0%
Expenses	$1,383,302	$1,317,940	+0.0%
Net Income	$291,528	$291,995	0.0%

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
PHIL RICHARD	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SHEPPARD	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BERRY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ZWIRKO	SECRETARY	1.00	Officer	$0	$0	$0
TIMOTHY DONOVAN JR	TREASURER	1.00	Officer	$0	$0	$0
JOHN CASEY	CHAIRMAN	1.00	Officer	$0	$0	$0
TIMOTHY DONOVAN SR	VICE CHAIRMAN	1.00	Officer	$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	$1,674,830	$1,383,302	$3,923,920	$291,528
2024	$1,609,935	$1,317,940	$3,598,168	$291,995
2023	$1,647,051	$1,053,627	$3,261,339	$593,424
2022	$844,392	$967,017	$2,550,176	$-122,625
2021	$791,195	$905,456	$2,639,998	$-114,261
2021	$784,688	$863,037	$2,623,940	$-78,349
2020	$781,842	$882,401	$2,748,373	$-100,559
2019	$828,186	$775,336	$2,838,322	$52,850
2018	$724,618	$722,318	$2,753,993	$2,300

LSP ASSOCIATION