LORAIN COUNTY URBAN LEAGUE INC (EIN 341263379) - 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

1977

Legal Domicile

Principal Officer

STEVE C HARMON

Phone

4403233364

Tax Period

2023-01-01 to 2023-12-31

LORAIN COUNTY URBAN LEAGUE INC, founded in 1977, is a small nonprofit in the Human Services sector that reported $842K in total revenue in fiscal year 2023.

Mission

TO EMPOWER AFRICAN AMERICANS AND ALL DISADVANTAGED PERSONS IN OUR COMMUNITY TO PARTICIPATE EQUALLY IN THE EDUCATIONAL, ECONOMIC AND SOCIAL MAINSTREAM.

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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 $830,870

Program Service Revenue $11,310

Investment Income $0

Other Revenue $0

TOTAL REVENUE $842,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,733

Fundraising Expenses $0

Other Expenses $434,490

TOTAL EXPENSES $828,223

Year-over-Year Comparison

	2023	2022	Change
Revenue	$842,180	$829,699	+0.0%
Expenses	$828,223	$685,822	+0.2%
Net Income	$13,957	$143,877	-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

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
SHARON FURCRON	CHAIR	005.00	Director	$0	$0	$0
ANGEL LEE	DIRECTOR	005.00	Director	$0	$0	$0
MARISA VERNON WHITE	VICE PRESIDENT	005.00	Director	$0	$0	$0
JOHN MONTELEONE	VICE CHAIR	005.00	Director	$0	$0	$0
BRITTANY LOVETT	DIRECTOR	005.00	Director	$0	$0	$0
LINDA HOPTRY	SECRETARY	005.00	Director	$0	$0	$0
MIKE THOMAS	DIRECTOR	005.00	Director	$0	$0	$0
WILLIAM RIVERA	DIRECTOR	005.00	Director	$0	$0	$0
MELISSA KOBASHER	DIRECTOR	005.00	Director	$0	$0	$0
STEVE HARMON	FINANCE CHAIR	005.00	Director	$0	$0	$0
BEN KOSEWSKI	DIRECTOR	005.00	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	$842,180	$828,223	$429,211	$13,957
2022	$829,699	$685,822	$442,063	$143,877
2021	$616,362	$453,799	$316,564	$162,563
2020	$414,196	$344,003	$128,887	$70,193

LORAIN COUNTY URBAN LEAGUE INC