LAKE ERIE COOPERATIVE SOCIETY (EIN 161199367) - 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

1910

Legal Domicile

Principal Officer

CHRISTOPHER TROTTA

Tax Period

2023-01-01 to 2023-12-31

LAKE ERIE COOPERATIVE SOCIETY, founded in 1910, is a small nonprofit that reported $236K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $91K, a strong 39% operating margin.

Mission

TO FOSTER FRATERNALISM AND ETHNIC IDENTITY AMONG CLUB MEMBERS, TO ENCOURAGE, TO PROMOTE THE INTERESTS OF CLUB MEMBERS AND GOOD CHARITABLE CITIZENSHIP.

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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 $6,737

Program Service Revenue $0

Investment Income $1

Other Revenue $229,454

TOTAL REVENUE $236,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,311

Fundraising Expenses $0

Other Expenses $112,592

TOTAL EXPENSES $144,903

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,192	$159,490	+0.5%
Expenses	$144,903	$86,859	+0.7%
Net Income	$91,289	$72,631	+0.3%

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

140

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
DIEGO SIRIANNI	PRESIDENT	4	Officer	$0	$0	$0
JAMES DEMARCO	VICE PRESIDENT	3	Officer	$0	$0	$0
CHRIS TROTTA	TREASURER	8	Officer	$0	$0	$0
RICH MORETTI	RECORD SEC	3	Officer	$0	$0	$0
PHILLIP FANONE	EVENT SEC	6	Officer	$0	$0	$0
RICH TONUCCI	FINANCIAL SEC	3	Officer	$0	$0	$0
LARRY SCHIAVI	SARGENT AT ARM	3	Officer	$0	$0	$0
JOSEPH CINO SR	CHAIRMAN	9	Director	$0	$0	$0
RALPH PALANTE	VICE CHAIR	2	Director	$0	$0	$0
ALFREDO SIRIAN	BOARD MEMBER	2	Director	$0	$0	$0
GINO FRASCA	BOARD MEMEBER	2	Director	$0	$0	$0
ALEC PINTERPE	BOARD MEMEBER	10	Director	$0	$0	$0
PETER VINCI	BOARD MEMBER	2	Director	$0	$0	$0
JOE PALLANTE	BOARD MEMBER	2	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	$236,192	$144,903	$546,281	$91,289
2022	$159,490	$86,859	$456,155	$72,631
2021	$175,542	$110,987	$384,043	$64,555
2020	$61,638	$96,581	$314,667	$-34,943

LAKE ERIE COOPERATIVE SOCIETY