Lake Erie Fanfare Inc (EIN 251611070) - 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

1989

Legal Domicile

Principal Officer

Raymond Luniewski

Phone

8144565300

Tax Period

2024-10-01 to 2025-09-30

Lake Erie Fanfare Inc, founded in 1989, is a micro nonprofit in the Unknown sector that reported $36K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $60K exceeded revenue, resulting in a 67% operating deficit.

Mission

Musical education and performance

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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 $5,595

Program Service Revenue $8,030

Investment Income $1

Other Revenue $22,518

TOTAL REVENUE $36,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,399

Other Expenses $60,399

TOTAL EXPENSES $60,399

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,144	$85,292	-0.6%
Expenses	$60,399	$62,416	0.0%
Net Income	$-24,255	$22,876	-2.1%

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
Gary Luniewski	President	5.00	Officer	$0	$0	$0
Gary Matczak	Secretary	5.00	Officer	$0	$0	$0
Raymond Luniewski	Treasurer	10.00	Officer	$0	$0	$0
Edward Coleman	Vice President	5.00	Officer	$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	$36,144	$60,399	$88,676	$-24,255
2024	No data	No data	No data	No data
2023	$78,934	$60,024	$118,055	$18,910
2022	$76,963	$78,401	$99,145	$-1,438
2021	$43,661	$21,959	$100,583	$21,702

Lake Erie Fanfare Inc