LACKAWANNA INDUSTRIAL FUND ENTERPR… - Form 990 Financial Data

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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

1950

Legal Domicile

Principal Officer

ROBERT F DURKIN

Phone

5703427711

Tax Period

2023-07-01 to 2024-06-30

LACKAWANNA INDUSTRIAL FUND ENTERPRISES, founded in 1950, is a small nonprofit that reported $145K in total revenue in fiscal year 2023. Revenue surged 166% from the prior year, signaling strong growth momentum. Expenses of $331K exceeded revenue, resulting in a 128% operating deficit.

Mission

ASSISTS IN THE DEVELOPMENT OF PROJECTS TO CREATE JOBS AND PROMOTE THE GENERAL WELFARE OF THE CITIZENS OF LACKAWANNA COUNTY.

Program Service Accomplishments

Program 1

Expenses: $59,805

ASSISTS IN THE DEVELOPMENT OF PROJECTS TO CREATE JOBS AND PROMOTE THE GENERAL WELFARE OF THE CITIZENS OF LACKAWANNA COUNTY.

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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 $0

Investment Income $144,930

Other Revenue $0

TOTAL REVENUE $144,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,805

Other Expenses $330,735

TOTAL EXPENSES $330,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$144,930	$54,575	+1.7%
Expenses	$330,735	$277,071	+0.2%
Net Income	$-185,805	$-222,496	-0.2%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD CHAMPI	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY HOLLANDER CPA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CYNTHIA YEVICH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GERALD ZABOSKI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL SANTANIELLO	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT DURKIN	SECRETARY	1.00	Officer Director	$0	$0	$0
HOLLY R CARRON	DIRECTOR	1.00	Director	$0	$0	$0
MARCELO DESOUSA	DIRECTOR	1.00	Director	$0	$0	$0
LAURA DUCCESCHI	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN GALLAGHER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN KELLY	DIRECTOR	1.00	Director	$0	$0	$0
DR PAUL MACKAREY JR	DIRECTOR	1.00	Director	$0	$0	$0
RYAN MCGOWAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE M NEARY	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN NOLL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PATCHCOSKI	DIRECTOR	1.00	Director	$0	$0	$0
SEAN ANN SCHOEN	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE R SWEDA	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN TURCMANOVICH	DIRECTOR	1.00	Director	$0	$0	$0
MANI VELAGA	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$144,930	$330,735	$7,432,965	$-185,805
2023	$54,575	$277,071	$7,230,899	$-222,496
2022	$160,322	$363,260	$7,209,002	$-202,938
2021	$210,367	$287,279	$8,148,907	$-76,912
2020	$142,239	$284,957	$8,235,110	$-142,718
2019	$168,967	$202,774	$8,272,854	$-33,807

LACKAWANNA INDUSTRIAL FUND ENTERPRISES