LAPORTE URBAN ENTERPRISE ASSOCIATION INC (EIN 320038926) - 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

2003

Legal Domicile

Principal Officer

MICHAEL RIEHLE

Phone

2193628260

Tax Period

2024-01-01 to 2024-12-31

LAPORTE URBAN ENTERPRISE ASSOCIATION INC, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $226K, a strong 19% operating margin.

Mission

TO IMPLEMENT THE MANDATES OF THE INDIANA ENTERPRISE ZONE LAWS AND REGULATIONS FOR THE CITY OF LAPORTE, INDIANA TO FURTHER ECONOMIC DEVELOPMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,126,065

Investment Income $37,567

Other Revenue $3,676

TOTAL REVENUE $1,167,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $905,915

Other Expenses $941,252

TOTAL EXPENSES $941,252

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,167,308	$1,656,278	-0.3%
Expenses	$941,252	$958,032	0.0%
Net Income	$226,056	$698,246	-0.7%

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
MICHAEL RIEHLE	PRESIDENT	N/A	Officer	$0	$0	$0
BERT COOK	VICE PRESIDE	N/A	Officer	$0	$0	$0
VICKI GUSHROWSKI	SECRETARY TR	N/A	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
2024	$1,167,308	$941,252	$2,800,554	$226,056
2023	$1,656,278	$958,032	$2,574,354	$698,246
2022	$1,347,559	$1,106,230	$1,866,108	$241,329
2021	$815,147	$605,979	$1,627,911	$209,168
2020	$877,474	$659,243	$1,423,774	$218,231

LAPORTE URBAN ENTERPRISE ASSOCIATION INC