LACNETS (EIN 200062062) - 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

DONNA GAVIN

Phone

3035890515

Tax Period

2023-01-01 to 2023-12-31

LACNETS, founded in 2003, is a small nonprofit in the Health Care sector that reported $286K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $260K left a modest 9% surplus.

Mission

THE MISSION OF THE LEARN ADVOCATE CONNECT NEUROENDOCRINE TUMOR SOCIETY LACNETS IS TO PROVIDE A COMMUNITY OF SUPPORT AND EDUCATION FOR PATIENTS THOSE WITH NEUROENDOCRINE CANCER AND TO ADVOCATE FOR CONTINUED SCH. O

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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 $266,018

Program Service Revenue $20,000

Investment Income $88

Other Revenue $0

TOTAL REVENUE $286,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,986

Fundraising Expenses $12,406

Program Expenses $216,741

Other Expenses $106,426

TOTAL EXPENSES $260,412

Year-over-Year Comparison

	2023	2022	Change
Revenue	$286,106	$218,371	+0.3%
Expenses	$260,412	$182,299	+0.4%
Net Income	$25,694	$36,072	-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

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

$77,918

Total Directors

$77,918

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAVYA VELAGAPUDI	DIRECTOR, EXECUTIVE DIRECTOR, TREASURER	030.00	Officer Director	$77,918	$0	$77,918
DONNA GAVIN	DIRECTOR, PRESIDENT	008.00	Officer Director	$0	$0	$0
MARY DONLEVY	DIRECTOR, SECRETARY	005.00	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	$286,106	$260,412	$609,253	$25,694
2022	$218,371	$182,299	$590,407	$36,072
2021	$257,208	$124,538	$549,677	$132,670
2020	$306,735	$132,158	$412,917	$174,577

LACNETS