LAKE WALES BREAKFAST ROTARY FOUNDATION INC (EIN 203266314) - 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

2005

Legal Domicile

Principal Officer

STEPHEN BORNEMANN

Phone

8636961102

Tax Period

2023-07-01 to 2024-06-30

LAKE WALES BREAKFAST ROTARY FOUNDATION INC, founded in 2005, is a small nonprofit in the Human Services sector that reported $152K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $295K exceeded revenue, resulting in a 94% operating deficit.

Mission

TO SPONSOR CAMPS FOR UNDERPRIVILEGED CHILDREN IN THE LAKE WALES, FLORIDA AREA AND TO SUPPORT COMMUNITY AND INTERNATIONAL CHARITABLE ACTIVITIES.

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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 $64,424

Program Service Revenue $0

Investment Income $7,409

Other Revenue $79,941

TOTAL REVENUE $151,774

Expense Breakdown

Grants Paid $120,258

Salaries & Benefits $0

Fundraising Expenses $11,801

Program Expenses $277,422

Other Expenses $174,714

TOTAL EXPENSES $294,972

Year-over-Year Comparison

	2023	2022	Change
Revenue	$151,774	$103,379	+0.5%
Expenses	$294,972	$167,573	+0.8%
Net Income	$-143,198	$-64,194	+1.2%

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

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
STEPHEN BORNEMANN	TREASURER	2.00	Officer Director	$0	$0	$0
CHERYL BOSSARTE	SECRETARY	1.00	Director	$0	$0	$0
EUGENE FULTZ	TRUSTEE	1.00	Director	$0	$0	$0
DICK HOWELL	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE HURST	TRUSTEE / CH	1.00	Director	$0	$0	$0
SHELBY LOVELESS	TRUSTEE	1.00	Director	$0	$0	$0
JOHNSIE MCALISTER	TRUSTEE	1.00	Officer Director	$0	$0	$0
ANGELA OAKES	TRUSTEE	1.00	Officer Director	$0	$0	$0
ROBERT D SHIELDS	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA STOLLER	TRUSTEE	1.00	Director	$0	$0	$0
MARISSA STORY	TRUSTEE	1.00	Director	$0	$0	$0
JAMES WEAVER	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER WELCH	TRUSTEE	1.00	Director	$0	$0	$0
TIM WELCH	PRESIDENT	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$151,774	$294,972	$314,476	$-143,198
2023	$103,379	$167,573	$458,478	$-64,194
2022	$278,920	$140,258	$520,220	$138,662
2021	$76,876	$103,504	$381,011	$-26,628
2020	$144,791	$72,233	$407,639	$72,558
2019	$70,570	$102,678	$318,670	$-32,108

LAKE WALES BREAKFAST ROTARY FOUNDATION INC