LAKEWOOD SENIOR CITIZENS INC (EIN 340893419) - 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

1961

Legal Domicile

Principal Officer

DONNALD HECKELMOSER

Phone

2165217260

Tax Period

2022-01-01 to 2022-12-31

LAKEWOOD SENIOR CITIZENS INC, founded in 1961, is a small nonprofit in the Housing & Shelter sector that reported $300K in total revenue in fiscal year 2022. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $253K, a strong 85% operating margin.

Mission

LAKEWOOD SENIOR CITIZENS, INC. SOLD ALL THREE SENIOR APARTMENT BUILDINGS TO TAXABLE ENTITIES TO OPERATE AS QUALIFIED LOW-INCOME HOUSING PROJECTS WITHIN THE MEANING OF SECTION 42 OF THE INTERNAL REVENUE CODE AND HAVE BEEN RENOVATED AS HISTORIC REHABILITATION PROJECTS IN ACCORDANCE WITH SECTION 47 OF THE INTERNAL REVENUE CODE. THE ENTITY CONTINUES TO OWN A SMALL PERCENTAGE OF THE TAXABLE ENTITIES AND HOLDS NOTE RECEIVABLES FOR THE SELLER FINANCING PROVIDED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $300,057

Investment Income $1,135

Other Revenue $-1,497

TOTAL REVENUE $299,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,482

Other Expenses $46,382

TOTAL EXPENSES $46,382

Year-over-Year Comparison

	2022	2021	Change
Revenue	$299,695	$488,390	-0.4%
Expenses	$46,382	$12,271	+2.8%
Net Income	$253,313	$476,119	-0.5%

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
THOMAS FRASER	CHAIR	0.25	Officer Director	$0	$0	$0
CHRISTOPHER KLYM	SECRETARY	1.25	Officer Director	$0	$0	$0
RICHARD BEISEL	TREASURER	2.30	Officer Director	$0	$0	$0
JEANINE GERGEL	DIRECTOR	0.25	Director	$0	$0	$0
REV DR JAMES BUTLER	DIRECTOR	0.25	Director	$0	$0	$0
PAUL CAPKA	DIRECTOR	0.25	Director	$0	$0	$0
JAY ROMER	DIRECTOR	0.25	Director	$0	$0	$0
STEVE GREENWELL	DIRECTOR	0.25	Director	$0	$0	$0
JEFF GRUSENMEYER	DIRECTOR	0.25	Director	$0	$0	$0
MARY SUE MCGORRAY	DIRECTOR	0.25	Director	$0	$0	$0
MARY OSBURN	DIRECTOR	0.25	Director	$0	$0	$0
DONNALD HECKELMOSER	PRESIDENT AND CEO	2.50	Director	$0	$0	$0
GREG BARON	DIRECTOR	0.25	Director	$0	$0	$0
CARL TYLER	DIRECTOR	0.25	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
2022	$299,695	$46,382	$16,133,312	$253,313
2021	$488,390	$12,271	$15,683,085	$476,119
2020	$288,363	$32,526	$15,196,655	$255,837
2019	$1,529,766	$12,253	$14,930,603	$1,517,513
2018	$650,568	$39,501	$13,402,788	$611,067

LAKEWOOD SENIOR CITIZENS INC