LORAIN COMMUNITY SENIORS (EIN 341306825) - 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

1979

Legal Domicile

Phone

4402137054

Tax Period

2024-01-01 to 2024-12-31

LORAIN COMMUNITY SENIORS, founded in 1979, is a small nonprofit that reported $167K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $85K, a strong 51% operating margin.

Mission

SERVICES TO SENIOR CITIZENS - THE ORGANIZATION SERVES ELDERLY AND HANCICAPPED CITIZENS IN THE CITY OF LORAIN AND SURROUNDING AREAS. SERVICES INCLUDE SOCIALIZATION, EDUCATION.

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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 $54,264

Program Service Revenue $0

Investment Income $0

Other Revenue $112,769

TOTAL REVENUE $167,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,005

Other Expenses $81,958

TOTAL EXPENSES $81,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,033	$120,016	+0.4%
Expenses	$81,958	$73,130	+0.1%
Net Income	$85,075	$46,886	+0.8%

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

300

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
DELMA SOSINSKI	CHAIRMAN OF THE BOARD	10.00	Officer Director	$0	$0	$0
JR LEE	PRESIDENT	10.00	Officer Director	$0	$0	$0
NANCY LEE	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
FRANK PRIHODA	SECRETARYTREASURER	10.00	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	$167,033	$81,958	$1,092,547	$85,075
2023	$120,016	$73,130	$988,797	$46,886
2022	$94,713	$51,879	$683,409	$42,834
2021	$10,165	$10,557	$640,575	$-392
2020	$71,219	$123,466	$640,967	$-52,247
2019	$102,154	$177,877	$693,214	$-75,723
2018	$179,397	$137,204	$768,937	$42,193

LORAIN COMMUNITY SENIORS