LAKEVIEW AREA INDUSTRIAL CORPORATI… - 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

1959

Legal Domicile

Principal Officer

Craig Andrezejewski

Phone

7246620880

Tax Period

2025-01-01 to 2025-12-31

LAKEVIEW AREA INDUSTRIAL CORPORATION, founded in 1959, is a small nonprofit that reported $110K in total revenue in fiscal year 2025. Revenue decreased 16% compared to the prior year. Expenses of $130K 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.

Program Service Accomplishments

Program 1

Expenses: $130,127 Revenue: $109,612

LAIC is dedicated to facilitating industrial development and job creation/retention in Mercer County, PA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $102,000

Investment Income $7,612

Other Revenue $0

TOTAL REVENUE $109,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $130,127

Other Expenses $130,127

TOTAL EXPENSES $130,127

Year-over-Year Comparison

	2025	2024	Change
Revenue	$109,612	$131,145	-0.2%
Expenses	$130,127	$155,955	-0.2%
Net Income	$-20,515	$-24,810	-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

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
2025	$109,612	$130,127	$613,747	$-20,515
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