LAKEWOOD, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
THE LAKEWOOD FOUNDATION WAS CREATED IN 1996 AS A 501(C)(3) TO SUPPORT PROGRAMS AND ACTIVITIES THAT ENHANCE THE LIVES OF LAKEWOOD RESIDENTS BY ENABLING THEM TO LIVE MORE PRODUCTIVELY AND WITH DIGNITY...
THE LAKEWOOD FOUNDATION WAS CREATED IN 1996 AS A 501(C)(3) TO SUPPORT PROGRAMS AND ACTIVITIES THAT ENHANCE THE LIVES OF LAKEWOOD RESIDENTS BY ENABLING THEM TO LIVE MORE PRODUCTIVELY AND WITH DIGNITY. TO ACCOMPLISH THIS GOAL, THE LAKEWOOD FOUNDATION WILL ACT AS THE FISCAL AGENT FOR NON- PROFIT ORGANIZATIONS LOCATED IN LAKEWOOD OR FORMED FOR THE BENEFIT OF THE RESIDENTS OF LAKEWOOD AS APPROVED BY THE LAKEWOOD FOUNDATION BOARD OF TRUSTEES. IN ADDITION, THE LAKEWOOD FOUNDATION WILL ALSO PROVIDE ADVOCACY AND FISCAL MANAGEMENT OF PROGRAMS, GRANTS AND CHARITABLE CONTRIBUTIONS TO THE CITY OF LAKEWOOD, DEPARTMENT OF HUMAN SERVICES. THE LAKEWOOD FOUNDATION HAS ASSISTED VARIOUS GROUPS WITHIN THE CITY OF LAKEWOOD WITH FUNDRAISING EFFORTS BY SERVING AS THE FISCAL AGENT FOR THEIR PROJECTS. CURRENTLY WE SERVE: O FRIENDS OF MADISON PARK O KAUFFMAN PARK FRIENDS O LAKEWOOD COMMUNITY BASEBALL ASSOCIATION O LAKEWOOD FARMERS MARKET O LAKEWOOD OUTDOOR BASKETBALL COMMITTEE O LAKEWOOD START-A-HEART O LAKEWOOD URBAN BIRD FUND O LAKEWOOD VETERANS COMMITTEE O LEASED DOGS IN LAKEWOOD PARK O MY BEST FRIENDS BOWL OVER THE PAST SEVERAL YEARS, THE LAKEWOOD FOUNDATION HAS WORKED VIGOROUSLY TO SUPPORT AND ASSIST ALL OF THE PROGRAMS OF THE DEPARTMENT OF HUMAN SERVICES. CURRENT PROGRAMMING INCLUDE: THE FAMILY ROOM, H2O, FAMILY TO FAMILY PLAY A DAY, LAKEWOOD COMMISSION ON AGING AND THE AGING NUTRITION SITE. THE LAKEWOOD FOUNDATION IS COMPRISED OF VOTING MEMBERS-AT-LARGE REPRESENTING THE GENERAL COMMUNITY. THE LAKEWOOD FOUNDATION IS GOVERNED BY OUR BYLAWS AND INVESTMENT POLICY, COPIES AVAILABLE UPON REQUEST. A PORTION OF OUR FUNDS ARE INVESTED WITH THE CLEVELAND FOUNDATION, FIRST FEDERAL OF LAKEWOOD AND RAYMOND JAMES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KAREN LEE | PRESIDENT | 2.00 |
Officer
Director
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$0 | $0 | $0 |
| LINDSEY GRDINA | VICE PRESIDE | 2.00 |
Officer
Director
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$0 | $0 | $0 |
| CYNTHIA COSTELLO | TREASURER | 2.00 |
Officer
Director
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$0 | $0 | $0 |
| NORA KATZENBERGER | SECRETARY | 2.00 |
Officer
Director
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$0 | $0 | $0 |
| MICHAEL BENTLEY | DIRECTOR | 2.00 |
Director
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$0 | $0 | $0 |
| KATHY HABER | DIRECTOR | 2.00 |
Director
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$0 | $0 | $0 |
| KRISTIN HARWELL | DIRECTORT | 2.00 |
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$0 | $0 | $0 |
| BETSY SHAUGHNESSY | DIRECTOR | 2.00 |
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$0 | $0 | $0 |
| JOHN ZANGHI | DIRECTOR | 2.00 |
Director
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$0 | $0 | $0 |
| 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 |
Compare THE LAKEWOOD FOUNDATION with other nonprofits in Ohio and across the country.