Lake Erie Energy Development Corporation (EIN 272238400) - 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

2009

Legal Domicile

Principal Officer

William D Friedman

Phone

2162843232

Tax Period

2022-01-01 to 2022-12-31

Lake Erie Energy Development Corporation, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $182K in total revenue in fiscal year 2022. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $65K, a strong 36% operating margin.

Mission

Create robust offshore wind energy industry in northeast Ohio.

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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 (2022)

Revenue Breakdown

Contributions & Grants $182,006

Program Service Revenue $0

Investment Income $46

Other Revenue $0

TOTAL REVENUE $182,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,387

Fundraising Expenses $0

Program Expenses $49,629

Other Expenses $103,616

TOTAL EXPENSES $117,003

Year-over-Year Comparison

	2022	2021	Change
Revenue	$182,052	$267,723	-0.3%
Expenses	$117,003	$255,926	-0.5%
Net Income	$65,049	$11,797	+4.5%

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
William D Friedman	President	1.00	Officer Director	$0	$0	$0
Ronald B Richard	Board Chairman	1.00	Director	$0	$0	$0
Steve Dever	Board Member	1.00	Director	$0	$0	$0
JP Ducro	Board Member	1.00	Director	$0	$0	$0
John R Hanercheck	Board Member	1.00	Director	$0	$0	$0
Matt Lundy	Board Member	1.00	Director	$0	$0	$0
Ryan Puente	Board Memebr	1.00	Director	$0	$0	$0
Fran DiDonato	Secretary	1.00	Officer	$0	$0	$0
J Steven Coates	Treasurer	1.00	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
2022	$182,052	$117,003	$94,033	$65,049
2021	$267,723	$255,926	$34,355	$11,797
2020	$761,856	$981,053	$25,265	$-219,197
2019	$794,462	$1,506,870	$88,750	$-712,408
2018	$1,652,683	$2,647,424	$241,503	$-994,741

Lake Erie Energy Development Corporation