LAKEWOOD COMMUNITY SERVICES CENTER INC (EIN 341446497) - 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

1983

Legal Domicile

Principal Officer

PATRICIA ROONEY

Phone

2162266466

Tax Period

2023-01-01 to 2023-12-31

LAKEWOOD COMMUNITY SERVICES CENTER INC, founded in 1983, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

LAKEWOOD COMMUNITY SERVICES CENTER, INC. PROVIDES BASIC NEEDS ASSISTANCE, PERSONALIZED RESOURCES AND REFERRAL SERVICES WITH THE GOAL TO EMPOWER EACH INDIVIDUAL TO MOVE TOWARD GREATER SELF SUFFICIENCY.

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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 $1,008,501

Program Service Revenue $0

Investment Income $38,647

Other Revenue $0

TOTAL REVENUE $1,047,148

Expense Breakdown

Grants Paid $489,140

Salaries & Benefits $510,391

Fundraising Expenses $59,146

Program Expenses $1,022,729

Other Expenses $190,221

TOTAL EXPENSES $1,189,752

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,047,148	$2,441,098	-0.6%
Expenses	$1,189,752	$2,714,967	-0.6%
Net Income	$-142,604	$-273,869	-0.5%

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

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

$134,996

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL COHN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
KAREN COOK	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
BRIAN CAPPELLI	TREASURER	2.00	Officer Director	$0	$0	$0
COLLEEN COTTER	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD JANUS	TRUSTEE	2.00	Director	$0	$0	$0
JOHN CORLETT	TRUSTEE	2.00	Director	$0	$0	$0
PATRICIA ROONEY	EXECUTIVE DIRECTOR	40.00	Officer	$134,996	$0	$134,996

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	$1,047,148	$1,189,752	$1,149,000	$-142,604
2022	$2,441,098	$2,714,967	$1,238,956	$-273,869
2021	$2,603,866	$2,294,019	$1,611,423	$309,847
2020	$1,599,722	$1,493,354	$1,352,686	$106,368
2019	$813,352	$691,553	$1,106,375	$121,799
2018	$666,404	$627,076	$963,031	$39,328

LAKEWOOD COMMUNITY SERVICES CENTER INC