LAKESIDE FOUNDATION INC (EIN 161374547) - 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

1989

Legal Domicile

Principal Officer

PATRICIA HAYLES

Phone

5853956095

Tax Period

2023-01-01 to 2023-12-31

LAKESIDE FOUNDATION INC, founded in 1989, is a micro nonprofit in the Health Care sector that reported $35K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12K, a strong 35% operating margin.

Mission

GENERATE FINANCIAL SUPPORT FOR THE BENEFIT OF ORGANIZATIONS PROVIDING HEALTH CARE AND OTHER HEALTH-RELATED SERVICES, THEREBY TO ASSIST THE CHARITABLE PURPOSE OF EACH ORGANIZATIONS IN PROVIDING FOR THE PHYSICAL NEEDS AND GENERAL WELL-BEING OF CITIZENS IN THE AREA OF BROCKPORT, NEW YORK.

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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 $0

Program Service Revenue $0

Investment Income $34,922

Other Revenue $0

TOTAL REVENUE $34,922

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,003

Other Expenses $15,338

TOTAL EXPENSES $22,838

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,922	$62,310	-0.4%
Expenses	$22,838	$15,708	+0.5%
Net Income	$12,084	$46,602	-0.7%

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

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
PATRICIA HAYLES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID ROSE	DIRECTOR	1.00	Director	$0	$0	$0
KORY HUNTSINGER	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH CARUSO	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG ZICARI	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY KLINETOB	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	$34,922	$22,838	$1,714,490	$12,084
2022	$62,310	$15,708	$1,553,130	$46,602
2021	$156,921	$16,822	$1,825,916	$140,099
2020	$204,009	$60,221	$1,684,577	$143,788
2019	$21,945	$12,895	$1,411,539	$9,050
2018	$240,616	$19,562	$1,284,212	$221,054

LAKESIDE FOUNDATION INC