LAKE COUNTY FREE CLINIC INC (EIN 341081191) - 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

1970

Legal Domicile

Principal Officer

SUSAN DEMING

Phone

4403528686

Tax Period

2024-07-01 to 2025-06-30

LAKE COUNTY FREE CLINIC INC, founded in 1970, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.7M left a modest 9% surplus.

Mission

LAKE COUNTY FREE CLINIC EXISTS TO ADDRESS THE UNMET HEALTHCARE NEEDS OF THE RESIDENTS OF LAKE COUNTY, OHIO AND ITS SURROUNDING COMMUNITIES.

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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 $1,816,548

Program Service Revenue $0

Investment Income $7,584

Other Revenue $2,193

TOTAL REVENUE $1,826,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $396,957

Fundraising Expenses $254

Program Expenses $1,581,645

Other Expenses $1,268,118

TOTAL EXPENSES $1,665,075

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,826,325	$1,802,921	+0.0%
Expenses	$1,665,075	$1,520,812	+0.1%
Net Income	$161,250	$282,109	-0.4%

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

Volunteers

2815

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
SUSAN DEMING	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
WILLIAM FIKE	DIRECTOR	2.00	Director	$0	$0	$0
PAUL HANAHAN	DIRECTOR	2.00	Director	$0	$0	$0
DREZ JENNINGS	TREASURER	2.00	Officer Director	$0	$0	$0
LESLIE JOHNS	DIRECTOR	2.00	Director	$0	$0	$0
CINDY LORD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JAMES NAU	DIRECTOR	2.00	Director	$0	$0	$0
BEN SELIGMAN	DIRECTOR	2.00	Director	$0	$0	$0
LORETTA SPARKS	DIRECTOR	2.00	Director	$0	$0	$0
MEREDITH FRANANTONIO	EXECUTIVE DI	40.00	Officer	$0	$0	$0
ANDREA LONDONO-SHISHEHBOR	INTERIM EXEC	20.00	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
2025	$1,826,325	$1,665,075	$1,284,009	$161,250
2024	$1,802,921	$1,520,812	$1,157,613	$282,109
2023	$860,494	$784,650	$970,480	$75,844
2022	$886,280	$930,442	$1,111,398	$-44,162
2021	$1,160,394	$785,392	$777,369	$375,002
2020	$678,040	$742,095	$372,971	$-64,055
2018	$563,224	$535,509	$279,226	$27,715

LAKE COUNTY FREE CLINIC INC