LAKE TANGANYIKA FLOATING HEALTH CLINIC

EIN: 271149995 501(c)(3) Health Care

CHICAGO, IL

Total Revenue
$256,632
Total Expenses
$347,750
Total Assets
$176,610
Net Assets
$176,117
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
IL
Principal Officer
KEVIN SANGUDI
Phone
3127158342
Tax Period
2024-07-01 to 2025-06-30

LAKE TANGANYIKA FLOATING HEALTH CLINIC, founded in 2009, is a small nonprofit in the Health Care sector that reported $257K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $348K exceeded revenue, resulting in a 36% operating deficit.

Mission

THE LAKE TANGANYIKA FLOATING HEALTH CLINIC IS AN ORGANIZATION THAT IS BOTH DEDICATED AND UNIQUELY POSITIONED TO DRIVE POSITIVE OUTCOMES FOR THE PEOPLE AND ENVIRONMENT IN THE LAKE TANGANYIKA BASIN BY:DELIVERING HEALTH CARE BY BOAT TO THE MILLIONS LIVING IN THE BASIN, AS WELL AS PROVIDING HEALTHCARE WORKER TRAINING AND LOCAL HEALTH CENTER SUPPORT;ACTING AS A RELIABLE, INDEPENDENT, AND CURRENT KNOWLEDGE BANK FOR STAKE-HOLDERS, NGOS AND OTHER ACTORS SEEKING TO WORK IN THE REGION;SERVING AS A RESEARCH AND DEVELOPMENT PLATFORM FOR A WIDE RANGE OF PARTIES INCLUDING ACADEMIC RESEARCH INSTITUTIONS, MEDICAL TECHNOLOGY COMPANIES, BUSINESSES, NGOS, AND MULTI-LATERALS; ANDHEIGHTENING AWARENESS BOTH IN AFRICA AND GLOBALLY OF THE MILLIONS EFFECTIVELY OFF THE GRID TODAY IN THE REGION, AND MOREOVER THE INCREASINGLY CLEAR GEOPOLITICAL, ENVIRONMENTAL AND ECONOMIC SIGNIFICANCE OF THE LAKE TANGANYIKA BASIN.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $256,632
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $256,632

Expense Breakdown

Grants Paid $0
Salaries & Benefits $166,048
Fundraising Expenses $740
Program Expenses $214,814
Other Expenses $181,702
TOTAL EXPENSES $347,750

Year-over-Year Comparison

2024 2023 Change
Revenue $256,632 $287,892 -0.1%
Expenses $347,750 $418,335 -0.2%
Net Income $-91,118 $-130,443 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
Employees
2
Volunteers
2

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY G LEHMAN MD MBA PRESIDENT 40.00
Officer Director
$0 $0 $0
KEVIN SANGUDI TREASURER 2.50
Officer 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 $256,632 $347,750 $176,610 $-91,118
2024 $287,892 $418,335 $268,967 $-130,443
2023 $603,197 $422,124 $399,795 $181,073
2022 $404,223 $425,569 $219,047 $-21,346
2021 $326,764 $435,647 $241,529 $-108,883
2020 $261,443 $504,677 $393,097 $-243,234
2019 $643,481 $517,665 $608,772 $125,816
2018 $580,167 $737,901 $466,100 $-157,734
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