THE LAKEWOOD FOUNDATION (EIN 311529669) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

KAREN LEE

Phone

2165211515

Tax Period

2023-01-01 to 2023-12-31

THE LAKEWOOD FOUNDATION, founded in 1996, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $548K in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $299K, a strong 55% operating margin.

Mission

THE LAKEWOOD FOUNDATION IS A PRIVATE, NOT-FOR-PROFIT, COMMUNITY-BASED ORGANIZATION. THE LAKEWOOD FOUNDATION ENHANCES THE LIVES OF LAKEWOOD RESIDENTS BY SERVING AS THE FISCAL AGENT FOR SERVICE GROUPS AND CITY DEPARTMENTS. THE TRUSTEES OF THE LAKEWOOD FOUNDATION ASSIST AND SUPPORT SPECIAL PROJECTS THEY BELIEVE WILL FURTHER THE WELL BEING OF THE LAKEWOOD COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $143,437

Program Service Revenue $97,003

Investment Income $307,347

Other Revenue $0

TOTAL REVENUE $547,787

Expense Breakdown

Grants Paid $12,553

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $221,819

Other Expenses $236,325

TOTAL EXPENSES $248,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$547,787	$305,398	+0.8%
Expenses	$248,878	$205,583	+0.2%
Net Income	$298,909	$99,815	+2.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
KAREN LEE	PRESIDENT	2.00	Officer Director	$0	$0	$0
LINDSEY GRDINA	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CYNTHIA COSTELLO	TREASURER	2.00	Officer Director	$0	$0	$0
NORA KATZENBERGER	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL BENTLEY	DIRECTOR	2.00	Director	$0	$0	$0
KATHY HABER	DIRECTOR	2.00	Director	$0	$0	$0
KRISTIN HARWELL	DIRECTORT	2.00	Director	$0	$0	$0
BETSY SHAUGHNESSY	DIRECTOR	2.00	Director	$0	$0	$0
JOHN ZANGHI	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$547,787	$248,878	$2,930,416	$298,909
2022	$305,398	$205,583	$2,631,507	$99,815
2021	$232,823	$269,051	$2,983,125	$-36,228
2020	$316,342	$221,397	$2,851,119	$94,945
2019	$2,000,210	$167,309	$2,547,777	$1,832,901
2018	$193,568	$185,416	$595,570	$8,152

THE LAKEWOOD FOUNDATION