WESTERN LAKE ERIE INSULATION INDUSTRY LMCC INC (EIN 205760062) - 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

ANNE SALOFF

Phone

4196666900

Tax Period

2023-01-01 to 2023-12-31

WESTERN LAKE ERIE INSULATION INDUSTRY LMCC INC, founded in 2006, is a micro nonprofit that reported $70K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $80K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION REPRESENTS EMPLOYEES IN THE INSULATION INDUSTRY FOR EXPANSION AND ENFORCEMENT OF THE PREVAILING WAGE, RESPONSIBLE CONTRACTING AND LIKE LAWS.

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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 $66,381

Investment Income $3,838

Other Revenue $0

TOTAL REVENUE $70,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,135

Other Expenses $80,135

TOTAL EXPENSES $80,135

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,219	$59,183	+0.2%
Expenses	$80,135	$56,409	+0.4%
Net Income	$-9,916	$2,774	-4.6%

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
ROBERT BERNIUS	TRUSTEE	5.00	Director	$0	$0	$0
GREG FROST	TRUSTEE	5.00	Director	$0	$0	$0
KHRIS SHIVELY	CHAIRMAN	5.00	Officer Director	$0	$0	$0
PAUL WILLIS	TRUSTEE	5.00	Director	$0	$0	$0
SCOTT MEREDITH	TRUSTEE	5.00	Director	$0	$0	$0
MIKE WHITSON	SECRETARY	5.00	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	$70,219	$80,135	$194,472	$-9,916
2022	$59,183	$56,409	$195,941	$2,774
2021	$51,623	$42,444	$212,498	$9,179
2020	$50,356	$14,538	$198,158	$35,818
2019	$50,743	$44,089	$154,563	$6,654
2018	$75,850	$68,866	$136,868	$6,984

WESTERN LAKE ERIE INSULATION INDUSTRY LMCC INC