Lyme Disease Association Inc

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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

1992

Legal Domicile

Principal Officer

Patricia V Smith

Phone

8883666611

Tax Period

2023-01-01 to 2023-12-31

Lyme Disease Association Inc, founded in 1992, is a small nonprofit that reported $330K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $73K, a strong 22% operating margin.

Mission

LDA's mission is promoting awareness of & controlling spread of Lyme & other tick-borne (TBD) diseases and their complications through education; raising and distributing funds for research & education; assisting underprivileged patients.

Program Service Accomplishments

Program 1

Expenses: $200,322

Education - the LDA's efforts are multi-pronged - providing free speakers for programs for various audiences: public, corporations, schools, government, health care providers, and radio...

Education - the LDA's efforts are multi-pronged - providing free speakers for programs for various audiences: public, corporations, schools, government, health care providers, and radio interviews.LDA brochures are ordered through LDA website for shipping cost. Most LDA materials/articles are posted on website for free download/printing. LDA publishes a free monthly e-newsletter featuring articles on current research, news, links to resources & researcher funding opportunities/studies for public. LDA answers non-medical questions online & maintains a free tick-borne disease searchable nationwide doctor referral with about 800 medical providers/other professionals.This year's annual conference was held on zoom October 13-14: Lyme & Other Tick-Borne Diseases: Research & Clinical Advances 2023.

Program 2

Expenses: $26,755

Research, Education, Grants: Since 1992, LDA has provided 127 research grants including three 2023 grants.Research published in peer-reviewed journals helps move the field forward. To date there have been more than 60 journal publications from LDA funded research. From 1999 to 2023, LDA also awarded educational grants to other non-profits, hospitals, universities/other entities to provided educational programs, conferences, billboards, printed matter/other materials on Lyme/TBD.

Program 3

Expenses: $13,000

LA4K Grants: The Lyme Disease Association's LymeAid 4 Kids (LA4K)fund was started in conjunction with author Amy Tan. It has been in operation since 2004 and has distributed $456,000 for children all over the United States since. The fund is for children who do not have insurance coverage or do not receive reimbursement for Lyme disease treatment/diagnosis and whose families have economic difficulties. LDA's LymeAid 4 Kids fund gave 13 financially disadvantaged families grants in 2023.

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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 $330,238

Program Service Revenue $0

Investment Income $231

Other Revenue $0

TOTAL REVENUE $330,469

Expense Breakdown

Grants Paid $39,755

Salaries & Benefits $0

Fundraising Expenses $1,924

Program Expenses $240,077

Other Expenses $217,965

TOTAL EXPENSES $257,720

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,469	$279,003	+0.2%
Expenses	$257,720	$280,669	-0.1%
Net Income	$72,749	$-1,666	-44.7%

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
Patricia V Smith	President	56.00	Officer Director	$0	$0	$0
Corey Lakin	2nd Vice Pres.	1.50	Officer Director	$0	$0	$0
Ruth Waddington	Secretary	10.00	Officer Director	$0	$0	$0
Jeannine Phillips	Director	9.00	Director	$0	$0	$0
Richard Smith	V P/Treasurer	4.00	Officer Director	$0	$0	$0
Timothy Lynagh	Director	10.00	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
2024	No data	No data	No data	No data
2023	$330,469	$257,720	$556,186	$72,749
2022	$279,003	$280,669	$494,539	$-1,666
2021	$312,342	$294,484	$496,596	$17,858
2020	$247,877	$256,112	$494,581	$-8,235
2019	$377,399	$491,488	$536,785	$-114,089
2018	$533,408	$428,093	$659,438	$105,315