LAKESIDE ATHLETIC FOUNDATION (EIN 331106921) - 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

2004

Legal Domicile

Principal Officer

NOREN S KIRKSEY

Phone

3144824145

Tax Period

2023-01-01 to 2023-12-31

LAKESIDE ATHLETIC FOUNDATION, founded in 2004, is a small nonprofit in the Youth Development sector that reported $108K in total revenue in fiscal year 2023. Revenue surged 259% from the prior year, signaling strong growth momentum. Expenses of $102K left a modest 5% surplus.

Mission

PROVIDE AN ORGANIZED AN SAFE ENVIRONMENT FOR MENS GROUP BASKETBALL SERVICES IN THE METROPOLITAN AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $107,606

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $107,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,803

Other Expenses $101,803

TOTAL EXPENSES $101,803

Year-over-Year Comparison

	2023	2022	Change
Revenue	$107,606	$30,000	+2.6%
Expenses	$101,803	$29,227	+2.5%
Net Income	$5,803	$773	+6.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOREN S KIRKSEY	PRESIDENT	025.00	Officer Director	$0	$0	$0
PRESTON R THOMAS	SECRETARY	010.00	Director	$0	$0	$0
ANGELO JACKSON	MEMBER	010.00	Director	$0	$0	$0
LON LACKSON	MEMBER	010.00	Director	$0	$0	$0
RANDY REED	MEMBER	010.00	Director	$0	$0	$0
GERALD JNES	MEMBER	010.00	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	$107,606	$101,803	$6,576	$5,803

LAKESIDE ATHLETIC FOUNDATION