LAKEWOOD ECONOMIC ACTION PROGRAM INC (EIN 223075435) - 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

1965

Legal Domicile

Principal Officer

SAM RABINOWITZ

Phone

7323644333

Tax Period

2022-01-01 to 2022-12-31

LAKEWOOD ECONOMIC ACTION PROGRAM INC, founded in 1965, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2022. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

The Lakewood Economic Action Program Inc. (LEAP) provides comprehensive child development services to low-income families. An Early Head Start grant enabled LEAP to expand the program to include pregnant women and families with newborn babies and children up to 3 years old.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,803,867

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $1,803,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,262,158

Fundraising Expenses $0

Program Expenses $1,740,189

Other Expenses $533,831

TOTAL EXPENSES $1,795,989

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,803,873	$2,618,056	-0.3%
Expenses	$1,795,989	$2,599,999	-0.3%
Net Income	$7,884	$18,057	-0.6%

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

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
SAM RABINOWITZ	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
PAM HULLEN-MOORE	TREASURER	2.00	Officer Director	$0	$0	$0
ESTHER HALPREN	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
MICHAEL J D'ELIA	TRUSTEE	2.00	Director	$0	$0	$0
ANITA WOOLERY	TRUSTEE	2.00	Director	$0	$0	$0
GLYNIS GRAY	TRUSTEE	2.00	Director	$0	$0	$0
MARGARET SAUNDERS	HEAD START DIRECTOR	10.00	Officer	$0	$0	$0
BETH HUDSON	CFO	4.00	Officer	$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
2022	$1,803,873	$1,795,989	$245,284	$7,884
2021	$2,618,056	$2,599,999	$238,877	$18,057
2020	$3,059,185	$3,136,827	$274,992	$-77,642
2019	$2,996,817	$2,854,648	$449,659	$142,169
2018	$2,802,627	$2,844,309	$369,765	$-41,682

LAKEWOOD ECONOMIC ACTION PROGRAM INC