LAKEVIEW AREA INDUSTRIAL CORPORATION (EIN 256076671) - 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

1959

Legal Domicile

Principal Officer

Craig Andrezejewski

Phone

7246620880

Tax Period

2024-01-01 to 2024-12-31

LAKEVIEW AREA INDUSTRIAL CORPORATION, founded in 1959, is a small nonprofit that reported $131K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $156K exceeded revenue, resulting in a 19% operating deficit.

Mission

Dedicated to facilitating development and job creation/retention in Mercer County, PA, assisting new and growing businesses.

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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 $0

Program Service Revenue $122,743

Investment Income $8,402

Other Revenue $0

TOTAL REVENUE $131,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $155,954

Other Expenses $155,955

TOTAL EXPENSES $155,955

Year-over-Year Comparison

	2024	2023	Change
Revenue	$131,145	$95,468	+0.4%
Expenses	$155,955	$121,434	+0.3%
Net Income	$-24,810	$-25,966	0.0%

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
Craig Andrzejewski	Treasurer	15	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
2024	$131,145	$155,955	$634,262	$-24,810
2023	$95,468	$121,434	$659,072	$-25,966
2022	$102,626	$147,007	$685,038	$-44,381
2021	$104,287	$130,943	$729,419	$-26,656
2020	$81,218	$107,442	$756,075	$-26,224

LAKEVIEW AREA INDUSTRIAL CORPORATION