Lakes Cross Country Booster Club

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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

2002

Legal Domicile

Principal Officer

CURT CORVIN

Phone

2532296180

Tax Period

2020-01-01 to 2020-12-31

Lakes Cross Country Booster Club, founded in 2002, is a micro nonprofit in the Education sector that reported $5K in total revenue in fiscal year 2020. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $7K exceeded revenue, resulting in a 35% operating deficit.

Mission

The mission of the organization is to benefit Lakes High School cross country team. The Lakes Cross Country Booster Club exists for the purpose of supporting the cross country team at Lakes High School Lakewood WA. The booster club raises funds to aid team members who cannot afford running shoes and training activities such as running camps. The club covers the cost of cross country competitive events such as invitational races.

Program Service Accomplishments

Program 1

TO PROVIDE TEAM MEMBERS WHO CANNOT AFFORD RUNNING SHOES AND TRAINING ACTIVITIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $4,915

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,624

TOTAL EXPENSES $6,624

Year-over-Year Comparison

	2020	2019	Change
Revenue	$4,915	$17,774	-0.7%
Expenses	$6,624	$17,801	-0.6%
Net Income	$-1,709	$-27	+62.3%

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

N/A

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
ERIC DRUMMOND	PRESIDENT	N/A	Officer	$0	$0	$0
VERN MILLS	VICE PRESIDENT	N/A	Officer	$0	$0	$0
CURT CORVIN	TREASURER	N/A	Officer	$0	$0	$0
ERIC WELLS	SECRETARY	N/A	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
2020	$4,915	$6,624	$12,614	$-1,709
2019	$17,774	$17,801	$14,323	$-27