LAKE ORION FIREWORKS ASSOCIATION (EIN 320122188) - 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

1990

Legal Domicile

Principal Officer

Robert Kreiski

Tax Period

2020-01-01 to 2020-12-31

LAKE ORION FIREWORKS ASSOCIATION, founded in 1990, is a micro nonprofit that reported $37K in total revenue in fiscal year 2020. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $35K left a modest 4% surplus.

Mission

THE MISSION OF THE LAKE ORION FIREWORKS ASSOCIATION IS: 1. EXCLUSIVELY RAISE FUNDS TO SPONSOR AN ANNUAL INDENENDENCE DAY FIREWORKS DISPLAY FOR THE LAKE ORION COMMUNITY WITHIN THE MEANING OF 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986 (AS AMENDED) OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW. 2. TO EXERCISE SUCH OF THE RIGHTS, POWER, DUTIES AND AUTHORITY OF NONPROFIT CORPORATION ORGANIZED UNDER THE NONPROFIT CORPORATION ACT OF THE STATE OF MICHIGAN WHICH ARE CONSISTENT WITH THE PRECEDING PARAGRAPH. 3. THE LAKE ORION FIREWORKS ASSOCIATION SHALL NOT CARRY ON A BUSINESS WITH THE GENERAL PUBLIC IN A MANNER SIMILAR TO ORGANIZATIONS WHICH ARE OPERATED FOR PROFIT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $36,540

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $36,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,051

Other Expenses $35,051

TOTAL EXPENSES $35,051

Year-over-Year Comparison

	2020	2019	Change
Revenue	$36,540	$51,733	-0.3%
Expenses	$35,051	$50,967	-0.3%
Net Income	$1,489	$766	+0.9%

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
Carl A Cyrowski	Director	2	Director	$0	$0	$0
Greg Rogers	Director	2	Director	$0	$0	$0
David Welch	President	3	Officer	$0	$0	$0
Robert Krefski	Secretary & Treasurer	3	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
2020	$36,540	$35,051	$4,825	$1,489
2019	$51,733	$50,967	$4,253	$766
2018	$80,497	$78,378	$2,785	$2,119

LAKE ORION FIREWORKS ASSOCIATION