LP-EC QUALITY DESTINATION INC (EIN 204915538) - 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

2006

Legal Domicile

Principal Officer

NICK POLITI

Phone

5185232445

Tax Period

2023-01-01 to 2023-12-31

LP-EC QUALITY DESTINATION INC, founded in 2006, is a micro nonprofit in the Community Improvement sector that reported $75K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $50K, a strong 66% operating margin.

Mission

TO PROMOTE, EDUCATE, FOSTER, AND ENCOURAGE THE PUBLIC'S KNOWLEDGE AND UNDERSTANDING OF THE BENEFITS OF QUALITY DESTINATIONS WHICH WILL RESULT IN ECONOMIC GROWTH AND BENEFIT THE TOWNSHIPS OF ESSEX COUNTY, 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 $74,735

Investment Income $0

Other Revenue $0

TOTAL REVENUE $74,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,510

Other Expenses $25,121

TOTAL EXPENSES $25,121

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,735	$154,393	-0.5%
Expenses	$25,121	$158,049	-0.8%
Net Income	$49,614	$-3,656	-14.6%

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
JAMES LEMONS	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHANDLER RALPH	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
NICK POLITI	SECRETARY	2.00	Officer Director	$0	$0	$0
MARC GALVIN	TREASURER (P	2.00	Officer Director	$0	$0	$0
JAMES MCKENNA	BOARD MEMBER	2.00	Director	$0	$0	$0
GARRICK SMITH	TREASURER	2.00	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
2024	No data	No data	No data	No data
2023	$74,735	$25,121	$27,989	$49,614
2022	$154,393	$158,049	$40,514	$-3,656
2021	$17,375	$49,948	$280,296	$-32,573
2020	$438,202	$411,265	$232,408	$26,937
2019	$751,746	$755,037	$552,482	$-3,291
2018	$523,188	$542,908	$558,867	$-19,720

LP-EC QUALITY DESTINATION INC