Lakevue Development Corporation (EIN 341498385) - 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

2006

Legal Domicile

Principal Officer

Ken Kowalski

Phone

4193463297

Tax Period

2023-01-01 to 2023-12-31

Lakevue Development Corporation, founded in 2006, is a small nonprofit that reported $135K in total revenue in fiscal year 2023. Revenue surged 111% from the prior year, signaling strong growth momentum. Expenses of $156K exceeded revenue, resulting in a 16% operating deficit.

Mission

Fraternal Benefits and Holding Title to Property

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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 $0

Program Service Revenue $112,626

Investment Income $21,957

Other Revenue $0

TOTAL REVENUE $134,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $144,897

Other Expenses $156,438

TOTAL EXPENSES $156,438

Year-over-Year Comparison

	2023	2022	Change
Revenue	$134,583	$63,825	+1.1%
Expenses	$156,438	$112,453	+0.4%
Net Income	$-21,855	$-48,628	-0.6%

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

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
Robert Warnimont	Director	1.00	Director	$0	$0	$0
Lynn Hankins	Director	1.00	Director	$0	$0	$0
Mark Echard	Director	1.00	Director	$0	$0	$0
Robert Pickard	Director	1.00		$0	$0	$0
Keith Aschemier	Secretary	1.00	Officer	$0	$0	$0
Ken Kowalski	President	4.00	Officer	$0	$0	$0
Robert Bidwell	Vice President	1.00	Officer	$0	$0	$0
Larry Leyland	Treasurer	4.00	Officer	$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	$134,583	$156,438	$691,629	$-21,855
2022	$63,825	$112,453	$684,598	$-48,628
2021	$121,447	$126,263	$733,099	$-4,816
2020	$71,107	$102,066	$737,882	$-30,959
2019	$152,265	$151,150	$768,841	$1,115
2018	$151,965	$200,959	$767,726	$-48,994

Lakevue Development Corporation