LAKELAND CHARITIES 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

1994

Legal Domicile

Principal Officer

Rita Myers

Phone

9736972000

Tax Period

2023-01-01 to 2023-12-31

LAKELAND CHARITIES INC, founded in 1994, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $406K in total revenue in fiscal year 2023.

Mission

Lakeland Charities Inc. primarily conducts two charity golf outings - one to donate proceeds to other 501(c)(3) organizations, and the other to grant scholarships to deserving low to moderate income individuals

Program Service Accomplishments

Program 1

Expenses: $144,300 Revenue: $-13,175

Golf outing used to donate proceeds to other 501(c)(3) organizations.

Program 2

Expenses: $206,000 Revenue: $0

golf outing used to grant scholarship to worthy low to moderate income individuals

Program 3

Expenses: $46,371 Revenue: $0

Collections of contributions from Lakeland Bank Employees to donate to other 501 (c)(3) organizations

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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 $418,898

Program Service Revenue $0

Investment Income $50

Other Revenue $-13,175

TOTAL REVENUE $405,773

Expense Breakdown

Grants Paid $396,671

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $396,671

Other Expenses $31

TOTAL EXPENSES $396,702

Year-over-Year Comparison

	2023	2022	Change
Revenue	$405,773	$382,103	+0.1%
Expenses	$396,702	$412,990	0.0%
Net Income	$9,071	$-30,887	-1.3%

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
Ronald Schwarz	President	2	Officer	$0	$0	$0
Rita Myers	SVP and Treasurer	1		$0	$0	$0
Timothy Matteson	Corporate Secretary	0.5		$0	$0	$0
Brendan Eccleston	Assistant Secretary	0.5		$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	$405,773	$396,702	$288,636	$9,071
2022	$382,103	$412,990	$330,149	$-30,887
2021	$341,707	$353,124	$324,173	$-11,417
2020	$278,372	$274,297	$278,782	$4,075