Lorain Civic Center Committee Inc (EIN 237370856) - 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

1928

Legal Domicile

Principal Officer

Dan Kelly

Phone

4402217755

Tax Period

2023-01-01 to 2023-12-31

Lorain Civic Center Committee Inc, founded in 1928, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

To Bring arts and culture to the city of Lorain

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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 $362,512

Program Service Revenue $1,452,589

Investment Income $19,165

Other Revenue $34,024

TOTAL REVENUE $1,868,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,022

Fundraising Expenses $49,476

Program Expenses $1,737,253

Other Expenses $1,547,594

TOTAL EXPENSES $1,835,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,868,290	$1,973,931	-0.1%
Expenses	$1,835,616	$2,040,755	-0.1%
Net Income	$32,674	$-66,824	-1.5%

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

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

$63,452

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Kelly	President	8.00	Officer Director	$0	$0	$0
Gary Cerasi	Treasurer	8.00	Officer Director	$0	$0	$0
Nicki Shinsky	Secretary	4.00	Officer Director	$0	$0	$0
Ronald Wooledge	Trustee	4.00	Director	$0	$0	$0
Kevin Riley	Trustee	4.00	Director	$0	$0	$0
Tyrone Howard	Vice President	8.00	Officer Director	$0	$0	$0
Becky Rodriquez	Trustee	4.00	Director	$0	$0	$0
Christopher Patacky	Executive Director	40.00	Director Highest	$63,452	$0	$63,452

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	$1,868,290	$1,835,616	$2,386,496	$32,674
2022	$1,973,931	$2,040,755	$2,373,256	$-66,824
2021	$1,085,093	$902,764	$2,570,344	$182,329
2020	$435,495	$522,424	$1,774,355	$-86,929
2019	$1,149,749	$1,141,093	$1,749,517	$8,656
2018	$1,039,627	$908,711	$1,647,077	$130,916

Lorain Civic Center Committee Inc