LAKESHORE ADVANTAGE CORPORATION (EIN 061708014) - 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

2003

Legal Domicile

Principal Officer

JENNIFER OWENS

Phone

6167725226

Tax Period

2023-01-01 to 2023-12-31

LAKESHORE ADVANTAGE CORPORATION, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $6.7M in total revenue in fiscal year 2023. Revenue surged 230% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 70% operating margin.

Mission

THE ORGANIZATION STRIVES TO FOSTER AND IMPLEMENT INNOVATIVE STRATEGIES FOR SOUND ECONOMIC DEVELOPMENT IN THE LAKESHORE AREA TO ENHANCE THE REGION'S QUALITY OF LIFE.

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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 $6,552,988

Program Service Revenue $0

Investment Income $151,710

Other Revenue $0

TOTAL REVENUE $6,704,698

Expense Breakdown

Grants Paid $14,000

Salaries & Benefits $1,546,051

Fundraising Expenses $0

Program Expenses $1,669,626

Other Expenses $480,802

TOTAL EXPENSES $2,040,853

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,704,698	$2,031,932	+2.3%
Expenses	$2,040,853	$1,950,358	+0.0%
Net Income	$4,663,845	$81,574	+56.2%

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

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

$708,546

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER OWENS	PRESIDENT	40.00	Officer	$279,500	$0	$279,500
ANGELA HUESMAN	COO	40.00	Officer	$118,518	$0	$118,518
AMANDA MURRAY	VP BUSINESS	40.00	Officer	$103,839	$0	$103,839
AMANDA COOPER	VP STRATEGIC	40.00	Officer	$105,059	$0	$105,059
ELIZABETH BLANTON	VP ENGAGEMEN	40.00	Officer	$101,630	$0	$101,630
NEIL BOEHM	CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT BROOKS	DIRECTOR	1.00	Officer Director	$0	$0	$0
JEFF STUTZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER REMONDINO	TREASURER	1.00	Officer Director	$0	$0	$0
MARK SCHMIDT	SECRETARY	1.00	Officer Director	$0	$0	$0
HOLLY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVE KOSTER	DIRECTOR	1.00	Director	$0	$0	$0
PHIL LAMOTHE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT LUBBERS	DIRECTOR	1.00	Director	$0	$0	$0
NICK NYKERK	DIRECTOR	1.00	Director	$0	$0	$0
DR BILL PINK	DIRECTOR	1.00	Director	$0	$0	$0
STEVE RAMUS	DIRECTOR	1.00	Director	$0	$0	$0
DAVE TEBO	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG ULRICH	DIRECTOR	1.00	Director	$0	$0	$0
JIM VANDER KOLK	DIRECTOR	1.00	Director	$0	$0	$0
KYLE VERPLANK	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$6,704,698	$2,040,853	$6,523,366	$4,663,845
2022	$2,031,932	$1,950,358	$1,444,397	$81,574
2021	$3,726,179	$3,431,873	$1,223,351	$294,306
2020	$5,356,380	$5,109,545	$929,383	$246,835
2019	$1,590,664	$1,633,527	$733,555	$-42,863
2018	$1,418,490	$1,362,702	$753,448	$55,788

LAKESHORE ADVANTAGE CORPORATION