LAKE CITY COMMUNITY FOUNDATION INC (EIN 205440142) - 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

DR ALBERT MIMS

Phone

8433740138

Tax Period

2019-01-01 to 2019-12-31

LAKE CITY COMMUNITY FOUNDATION INC, founded in 2006, is a small nonprofit that reported $123K in total revenue in fiscal year 2019. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $35K, a strong 29% operating margin.

Mission

THE PURPOSE OF THE LAKE CITY COMMUNITY FOUNDATION IS TO IMPROVE THE QUALITY OF LIFE AND PROMOTE THE WELL-BEING OF THE CITIZENS RESIDING WITHIN THE COMMUNITY BY PROMOTING PHILANTHROPY AND SUPPORTING PROGRAMS AND ORGANIZATIONS THAT SERVE THE NEEDS AND INTERESTS AND ADVANCE THE GENERAL WELFARE OF SUCH CITIZENS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $100,556

Program Service Revenue $0

Investment Income $0

Other Revenue $21,998

TOTAL REVENUE $122,554

Expense Breakdown

Grants Paid $37,215

Salaries & Benefits $0

Fundraising Expenses $52

Program Expenses $85,546

Other Expenses $50,038

TOTAL EXPENSES $87,253

Year-over-Year Comparison

	2019	2018	Change
Revenue	$122,554	$150,165	-0.2%
Expenses	$87,253	$154,474	-0.4%
Net Income	$35,301	$-4,309	-9.2%

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

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
LOVITH ANDERSON	DIRECTOR, SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JOSEPH LANDRUM	DIRECTOR	1.00	Director	$0	$0	$0
DR ALBERT MIMS	DIRECTOR, VICE-CHAIR	1.00	Officer Director	$0	$0	$0
DARLA MOORE	DIRECTOR, CHAIR	2.00	Officer Director	$0	$0	$0
SAM MARCENGILL	DIRECTOR PART-YEAR	2.00	Director	$0	$0	$0
MARSHALL ALTMAN	DIRECTOR	1.00	Director	$0	$0	$0
SKEET COKER	DIRECTOR PART-YEAR	1.00	Director	$0	$0	$0
CHASITY MCCLAM	DIRECTOR PART-YEAR	1.00	Director	$0	$0	$0
ERIC SEBNICK	DIRECTOR PART-YEAR	1.00	Director	$0	$0	$0
LEE NETTLES	DIRECTOR PART-YEAR	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
2019	$122,554	$87,253	$42,648	$35,301
2018	$150,165	$154,474	$7,347	$-4,309

LAKE CITY COMMUNITY FOUNDATION INC