LACOOCHEE AREA REDEVELOPMENT CORPORATION (EIN 274479194) - 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

2008

Legal Domicile

Principal Officer

DAVID B LAMBERT

Phone

3525675133

Tax Period

2025-01-01 to 2025-12-31

LACOOCHEE AREA REDEVELOPMENT CORPORATION, founded in 2008, is a micro nonprofit in the Human Services sector that reported $500 in total revenue in fiscal year 2025. Expenses of $51K exceeded revenue, resulting in a 10058% operating deficit.

Mission

TO RAISE MONEY TO SERVICE THE LOCAL COMMUNITY BY ENHANCING ECONOMICS, EDUCATIONAL, SOCIAL, AND HEALTH AWARENESS LEVELS TO DISTRESSED CITIZENS THROUGHOUT PASCO COUNTY, FLORIDA.

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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 $500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,792

Other Expenses $50,792

TOTAL EXPENSES $50,792

Year-over-Year Comparison

	2025	2024	Change
Revenue	$500	N/A	N/A
Expenses	$50,792	$50,742	+0.0%
Net Income	$-50,292	$-50,742	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

N/A

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

$1,020,304

Total Directors

$1,515,581

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK TOMKOW	PRESIDENT	0.02	Officer Director	$0	$0	$0
DAVID B LAMBERT	VP/SECRETARY	0.04	Officer Director	$0	$254,115	$1,020,304
GARY STEELE	DIRECTOR	0.02	Director	$0	$165,969	$495,277

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	$500	$50,792	$1,502,078	$-50,292
2024	No data	No data	No data	No data
2023	$500	$50,804	$1,610,662	$-50,304
2022	$1,000	$52,478	$1,660,966	$-51,478
2021	$552	$50,767	$1,712,444	$-50,215
2020	No data	$50,742	$1,755,109	No data
2019	No data	$50,742	$1,805,851	No data
2018	No data	$50,742	$1,856,593	No data

LACOOCHEE AREA REDEVELOPMENT CORPORATION