LOUREXIS INC

EIN: 341401768 501(c)(3) Human Services

CLEVELAND, OH

Total Revenue
$1,233,646
Total Expenses
$1,023,851
Total Assets
$2,914,921
Net Assets
$342,166
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
OH
Principal Officer
JAMES T GUZOWSKI
Phone
2165201250
Tax Period
2024-11-01 to 2025-10-31

LOUREXIS INC, founded in 1983, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $210K, a strong 17% operating margin.

Mission

TO PROVIDE SUBSIDIZED HOUSING TO LOW-INCOME SENIOR CITIZENS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $124,705
Program Service Revenue $961,790
Investment Income $136,670
Other Revenue $10,481
TOTAL REVENUE $1,233,646

Expense Breakdown

Grants Paid $0
Salaries & Benefits $129,889
Fundraising Expenses $0
Program Expenses $823,044
Other Expenses $893,962
TOTAL EXPENSES $1,023,851

Year-over-Year Comparison

2024 2023 Change
Revenue $1,233,646 $1,060,385 +0.2%
Expenses $1,023,851 $963,950 +0.1%
Net Income $209,795 $96,435 +1.2%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM GUZOWSKI PRESIDENT/TREASURER 0.50
Officer Director
$0 $0 $0
FRANCES SMOOT CHAIR/VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
THERESE SWEENEY-DRAKE SECRETARY 0.50
Officer Director
$0 $0 $0
JAVIER LOPEZ TRUSTEE 0.50
Director
$0 $0 $0
BETTY SKRHA TRUSTEE 0.50
Director
$0 $0 $0
FRANK GODIC TRUSTEE 0.50
Director
$0 $0 $0
JOSEPH CALLAHAN TRUSTEE 0.50
Director
$0 $0 $0
LORI CROW TRUSTEE 0.50
Director
$0 $0 $0
DENNIS MORTON TRUSTEE 0.50
Director
$0 $0 $0
LARRY LEAMAN TRUSTEE 0.50
Director
$0 $0 $0
KAREN LAWTHORN CONN TRUSTEE 0.50
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
2025 $1,233,646 $1,023,851 $2,914,921 $209,795
2024 $1,060,385 $963,950 $2,958,430 $96,435
2023 $947,596 $929,700 $2,976,647 $17,896
2022 $933,069 $923,464 $2,959,412 $9,605
2021 $985,576 $877,851 $3,091,253 $107,725
2020 $887,091 $845,943 $3,046,872 $41,148
2019 $862,819 $831,578 $3,041,800 $31,241
2018 $852,385 $854,289 $3,082,218 $-1,904
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