LYCOMING LAW ASSOCIATION (EIN 240790430) - 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

1870

Legal Domicile

Principal Officer

MICHELE S FREY

Phone

5703238287

Tax Period

2023-01-01 to 2023-12-31

LYCOMING LAW ASSOCIATION, founded in 1870, is a small nonprofit that reported $209K in total revenue in fiscal year 2023. Expenses of $197K left a modest 5% surplus.

Mission

THE MISSION OF THE LYCOMING LAW ASSOCIATION IS TO PROMOTE THE PRACTICE OF LAW USING THE HIGHEST ETHICAL STANDARDS AND TO ADVANCE THE PUBLIC IMAGE OF OUR PROFESSION. WE ACCOMPLISH THIS BY COMMUNICATING WITHIN OUR PROFESSION AND THROUGHOUT OUR COMMUNITY, PROVIDING CONTINUING LEGAL EDUCATION, ENCOURAGING COLLEGIALITY AMONG ATTORNEYS AND THE COURT, PROVIDING PROBONO LEGAL ASSISTANCE, AND THROUGH COMMUNITY INVOLVEMENT.

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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 $0

Program Service Revenue $188,910

Investment Income $19,784

Other Revenue $17

TOTAL REVENUE $208,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,862

Fundraising Expenses $0

Other Expenses $140,461

TOTAL EXPENSES $197,323

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,711	$201,064	+0.0%
Expenses	$197,323	$195,089	+0.0%
Net Income	$11,388	$5,975	+0.9%

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

$52,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE S FREY	EXECUTIVE DI	30.00	Director	$44,000	$0	$44,000
GARY L WEBER	LYCO REPORTE	5.00	Director	$8,500	$0	$8,500
JONATHAN DEWALD	DIRECTOR	0.50	Director	$0	$0	$0
MARC DRIER	DIRECTOR	0.50	Director	$0	$0	$0
RYAN C GARDNER	TREASURER	0.50	Officer Director	$0	$0	$0
CHRISTOPHER H KENYON	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER LINN	DIRECTOR	0.50	Director	$0	$0	$0
JEANA A LONGO	SECRETARY	0.50	Officer Director	$0	$0	$0
JOY REYNOLDS MCCOY	PRESIDENT-EL	0.50	Officer Director	$0	$0	$0
COREY MOWREY	PAST PRESIDE	0.50	Officer Director	$0	$0	$0
ELIZABETH WHITE	PRESIDENT	5.00	Officer 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	$208,711	$197,323	$760,103	$11,388
2022	$201,064	$195,089	$709,232	$5,975
2021	$167,539	$184,683	$759,915	$-17,144
2020	$172,435	$182,010	$735,348	$-9,575
2019	$222,205	$200,402	$712,316	$21,803
2018	$212,060	$193,100	$641,607	$18,960

LYCOMING LAW ASSOCIATION