KIRTLAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE LAKELAND FOUNDATION, founded in 1981, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $519K, a strong 35% operating margin.
THE LAKELAND FOUNDATION CREATES RELATIONSHIPS AND SOLICITS RESOURCES THROUGHOUT NORTHEAST OHIO AND FOCUSES THEM ON SUPPORTING LAKELAND COMMUNITY COLLEGE'S MISSION "TO PROVIDE QUALITY LEARNING OPPORTUNITIES TO MEET THE SOCIAL AND ECONOMIC NEEDS OF THE COMMUNITY." THE FOUNDATION HAS SUPPORTED THE COLLEGE IN THE AREAS OF 1) STUDENT SCHOLARSHIPS AND GRANTS, 2) FACULTY DEVELOPMENT AND TEACHING ENHANCEMENT PROGRAMS, AND 3) TECHNOLOGY UPGRADES AND SUPPORT TO BENEFIT STUDENTS AND/OR FACULTY.
ALTHOUGH PROGRAM EXPENSES ARE COMBINED, THE FOUNDATION HAS SUCCESSFULLY SUPPORTED THE COLLEGE IN THE THREE AREAS DESCRIBED BELOW: 1) STUDENT SCHOLARSHIPS AND GRANTS - THE FOUNDATION'S GOAL IS TO...
ALTHOUGH PROGRAM EXPENSES ARE COMBINED, THE FOUNDATION HAS SUCCESSFULLY SUPPORTED THE COLLEGE IN THE THREE AREAS DESCRIBED BELOW: 1) STUDENT SCHOLARSHIPS AND GRANTS - THE FOUNDATION'S GOAL IS TO ENSURE THAT NO AREA STUDENT IS DEPRIVED OF A LAKELAND COMMUNITY COLLEGE EDUCATION FOR FINANCIAL REASONS. WHILE THERE ARE A NUMBER OF GOVERNMENT GRANTS AND LOANS AVAILABLE TO STUDENTS, THIS ASSISTANCE IS NOT AVAILABLE TO ALL STUDENTS AND ALMOST NEVER PAYS THE FULL COST OF AN EDUCATION. MANY OF CC'S STUDENTS ARE OFTEN ALREADY WORKING BUT SIMPLY, NO MATTER HOW HARD THEY TRY, LACK SUFFICIENT RESOURCES TO PAY THE ENTIRE COST OF TUITION AND BOOKS. THE FOUNDATION PROVIDES SCHOLARSHIP ASSISTANCE TO THESE STUDENTS TO BRIDGE THE GAP. 2) FACULTY DEVELOPMENT AND TEACHING ENHANCEMENT PROGRAMS - A DISTINGUISHING MARK OF LCC'S FACULTY IS THE QUALITY OF THEIR TEACHING AND COMMITMENT TO INNOVATION IN THE CLASSROOM AND COMMUNITY. THE FOUNDATION SUPPORTS THESE EFFORTS BY AWARDING FACULTY GRANTS FOR NEW COURSE/PROJECT DEVELOPMENT, COLLABORATIONS WITH COMMUNITY AND PROFESSIONAL ORGANIZATIONS, AND PROFESSIONAL DEVELOPMENT. 3) TECHNOLOGY UPGRADES AND SUPPORT TO BENEFIT FACULTY AND/OR STUDENTS - TRAINING AND DEVELOPING STUDENTS FOR THE "KNOWLEDGE ECONOMY" CANNOT TAKE PLACE WITHOUT REGULAR ACCESS TO STATE-OF-THE-ART EQUIPMENT, SOFTWARE AND THE INTERNET. STUDENTS WHO CAN BARELY AFFORD TUITION OFTEN DO NOT HAVE RESOURCES FOR A COMPUTER THAT IS REQUIRED FOR CLASSWORK, ESPECIALLY ONLINE COURSES. THE FOUNDATION AWARDS STUDENT GRANTS TO HELP THEM PURCHASE EQUIPMENT, SOFTWARE, AND MAINTAIN INTERNET CONNECTIONS. THE FOUNDATION ALSO PROVIDES FUNDING FOR CLASSROOM TECHNOLOGY UPGRADES SO THAT STUDENTS AND FACULTY HAVE ACCESS TO AND EXPERIENCE ON STATE-OF-THE-ART EQUIPMENT SPECIFIC TO THE MANY PROGRAMS OF INSTRUCTION THE COLLEGE OFFERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,474,303 | $1,992,458 | -0.3% |
| Expenses | $955,233 | $1,354,550 | -0.3% |
| Net Income | $519,070 | $637,908 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JON J SNYDER | CHAIRPERSON | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| KA-PI HOH PHD | BOARD CHAIRPERSON | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| WENDY F ZELE | VICE CHAIRPERSON | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| ALYSON SCOTT | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| BRENDON TRIPODO | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| BRENT BUCKLEY | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| BRUCE J CHANTRY | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| CHRISTINE SOMMER-RILEY | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER HESS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| DEBORAH B FRIEDMAN MD | BOARD MEMBER - Part Year | 0.0 |
Director
|
$0 | $0 | $0 |
| DEDE STORER | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| DENNIS E ECKART | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| DONALD J DAILEY | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| DR STEVEN TSENGAS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| GREGORY G YOUNG DPM | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| HOWARD S RABB | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| JACK C CORNACHIO | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| JANET MAJKA | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| JANIS THIEDEMANN | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| JERRIE LEE RISPOLI | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| JOANNE FULTON | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| K MICHAEL BENZ | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| KATHLEEN T MALEC DA E | BOARD MEMBER - PART YEAR | 1.0 |
Director
|
$0 | $0 | $0 |
| KIP L MOLENAAR | BOARD MEMBER - PART YEAR | 1.0 |
Director
|
$0 | $0 | $0 |
| LESLIE S JOHNS ESQ | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| MAHA GEMAYEL | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| MARK R RUTH | BOARD MEMBER - PART YEAR | 1.0 |
Director
|
$0 | $0 | $0 |
| MICHAEL D THOMAS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| NICOLE MCKINNEY-JOHNSON | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| NOREEN KOPPELMAN-GOLDSTEIN | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| PETER B CLAUSEN | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| RICHARD J STARK | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| RICHARD M OSBORNE JR | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| STEPHEN CAMPBELL | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| SUNIL AHUJA | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| THOMAS W BENDA | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| TINA BARNAUSKAS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| VALISSA TURNER HOWARD | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| VERONICA I DAHLBERG | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| WILLIAM M BOWERS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| David Cummins | Treasurer | 3.0 |
Officer
|
$0 | $0 | $0 |
| GREGORY L SANDERS | EXECUTIVE DIRECTOR | 20.0 |
Officer
|
$59,978 | $12,196 | $72,174 |
| John Crooks | Secretary | 3.0 |
Officer
|
$0 | $0 | $0 |
| Tina Baucher | Executive Director | 20.0 |
Officer
|
$41,287 | $6,371 | $47,658 |
| Victoria Shcherbakov | Deputy Treasurer | 3.0 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,474,303 | $955,233 | $13,440,221 | $519,070 |
| 2024 | $1,992,458 | $1,354,550 | $12,283,288 | $637,908 |
| 2023 | $4,121,317 | $1,096,406 | $10,975,092 | $3,024,911 |
| 2022 | $2,055,610 | $921,623 | $7,699,012 | $1,133,987 |
| 2021 | $1,600,890 | $970,021 | $7,945,697 | $630,869 |
| 2020 | $1,555,186 | $957,135 | $6,446,161 | $598,051 |
| 2019 | $1,716,102 | $1,793,942 | $5,782,948 | $-77,840 |
| 2018 | $2,211,587 | $1,345,263 | $5,860,794 | $866,324 |
Compare THE LAKELAND FOUNDATION with other nonprofits in Ohio and across the country.