Lake-Geauga United Head Start Inc

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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

1971

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Lake-Geauga United Head Start Inc, founded in 1971, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

It is the mission of Lake-Geauga United Head Start, Inc. to promote life long learning and success of our children and families.

Program Service Accomplishments

Program 1

Expenses: $3,615,048

Head Start is a federally funded comprehensive developmental preschool program for income eligible children (ages 3-5) and their families. Lake-Geauga United Head Start receives grants from the...

Head Start is a federally funded comprehensive developmental preschool program for income eligible children (ages 3-5) and their families. Lake-Geauga United Head Start receives grants from the Federal Department of Health and Human Services for the operation of this program. There is no fee for income eligible families to participate in this program that was designed in 1965 to primarily serve children from at-risk families. Head Start has served as a role model for early childhood development programs. Although targeted for children from income eligible families, the program may accept up to 10% of its enrollment from families who exceed the federal income guidelines. In addition, at least 10% of the children enrolled must be identified as having certifiable disabilities in areas such as speech, hearing, vision or physical disabilities. Refer to Schedule O for a full narrative.

Program 2

Expenses: $258,476

The Child and Adult Care Food program provides free or reduced price meals for eligible children participating in the Head Start program.

Program 3

Expenses: $133,707

The Child Care Stabilization Grant provides financial relief to help defra additional pandemic related costs.

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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 $4,328,617

Program Service Revenue $0

Investment Income $-26,117

Other Revenue $664

TOTAL REVENUE $4,303,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,602,455

Fundraising Expenses $0

Program Expenses $4,058,812

Other Expenses $917,065

TOTAL EXPENSES $4,519,520

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,303,164	$4,751,804	-0.1%
Expenses	$4,519,520	$4,562,824	0.0%
Net Income	$-216,356	$188,980	-2.1%

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

102

Volunteers

1098

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

$200,412

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laura Hopkins	Exec Director	40.00	Key Emp	$0	$7,539	$111,936
Jean Schonauer	Fiscal Officer	40.00	Key Emp	$0	$3,131	$88,476
Melanie Sechler	Trustee	1.00	Director	$0	$0	$0
Anthony Pochiro	Trustee	1.00	Director	$0	$0	$0
Gianine Germano	Trustee	1.00	Director	$0	$0	$0
Alison Tomaselli	Trustee	1.00	Director	$0	$0	$0
Donna Bullis	Trustee	1.00	Director	$0	$0	$0
Ruth Haines	Trustee	1.00	Director	$0	$0	$0
Meredith Myers	Trustee	1.00	Director	$0	$0	$0
Tia Lawrence	Trustee	1.00	Director	$0	$0	$0
Jim Fodor	Board Chair	1.00	Officer Director	$0	$0	$0
Charley Voelker	Treasurer	1.00	Officer Director	$0	$0	$0
Annmarie Gunsch	Vice Chair	1.00	Officer 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	$4,303,164	$4,519,520	$977,113	$-216,356
2022	$4,751,804	$4,562,824	$1,196,221	$188,980
2021	$4,261,151	$4,074,024	$1,074,486	$187,127
2020	$3,703,017	$3,637,382	$939,164	$65,635
2019	$3,573,117	$3,561,735	$846,192	$11,382
2018	$3,291,306	$3,288,015	$852,176	$3,291