LOCK HAVEN COURT CORPORATION (EIN 232892798) - 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

1996

Legal Domicile

Principal Officer

DAVID LASOTA

Phone

5706495668

Tax Period

2024-01-01 to 2024-12-31

LOCK HAVEN COURT CORPORATION, founded in 1996, is a micro nonprofit in the Human Services sector that reported $74K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $163K exceeded revenue, resulting in a 119% operating deficit.

Mission

TO PROVIDE HOUSING FOR THE ELDERLY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $22,098

Program Service Revenue $41,312

Investment Income $16

Other Revenue $10,854

TOTAL REVENUE $74,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $149,147

Other Expenses $162,768

TOTAL EXPENSES $162,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,280	$66,360	+0.1%
Expenses	$162,768	$160,058	+0.0%
Net Income	$-88,488	$-93,698	-0.1%

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
ELEANOR BOBIK	SECRETARY	0.50	Officer Director	$0	$0	$0
DAVID LASOTA	DIRECTOR	0.50	Director	$0	$0	$0
ALLAN KIRSCH	DIRECTOR	0.50	Director	$0	$0	$0
DAVID WOJCIK	DIRECTOR	0.50	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	$74,280	$162,768	$1,919,760	$-88,488
2023	$66,360	$160,058	$1,992,493	$-93,698
2022	$73,556	$163,833	$2,067,998	$-90,277
2021	$79,112	$150,920	$2,133,674	$-71,808
2020	$96,196	$139,317	$2,190,176	$-43,121
2019	$78,711	$150,905	$2,234,773	$-72,194
2018	$97,721	$496,727	$2,297,204	$-399,006

LOCK HAVEN COURT CORPORATION