LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION INC

EIN: 341779303 501(c)(3) Philanthropy & Grantmaking

HUDSON, OH

Total Revenue
$291,573
Total Expenses
$313,505
Total Assets
$5,661,741
Net Assets
$5,056,427
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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
1995
Legal Domicile
OH
Principal Officer
DAVID A OSTER
Phone
3306500681
Tax Period
2023-01-01 to 2023-12-31

LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION INC, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $292K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Net assets of $5.1M represent 208 months of operating reserves.

Mission

TO ENCOURAGE, ADMINISTER & COORDINATE CHARITABLE GIVING TO FOSTER CAMPUS-WIDE ENRICHMENT PROJECTS, PROGRAMS & SERVICES FOR THE BENEFIT OF THE RESIDENTS OF LAURAL LAKE RETIREMENT COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $278,172
Program Service Revenue $0
Investment Income $13,401
Other Revenue $0
TOTAL REVENUE $291,573

Expense Breakdown

Grants Paid $166,986
Salaries & Benefits $12,268
Fundraising Expenses $62,135
Program Expenses $175,137
Other Expenses $134,251
TOTAL EXPENSES $313,505

Year-over-Year Comparison

2023 2022 Change
Revenue $291,573 $814,844 -0.6%
Expenses $313,505 $345,190 -0.1%
Net Income $-21,932 $469,654 -1.0%
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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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
$539,182
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MULLIGAN CHAIRMAN 4.00
Director
$0 $0 $0
AMY MCCARTHY RESIDENT TRUSTEE 0.50
Director
$0 $0 $0
SR MARYANN GOLONKA HM TRUSTEE 0.50
Director
$0 $0 $0
BLAKE RAWSON VICE CHAIR 2.00
Director
$0 $0 $0
JENNIFER STANLEY TRUSTEE 0.50
Director
$0 $0 $0
ANN KIRK TREASURER 0.50
Director
$0 $0 $0
ELIZABETH MURPHY SECRETARY 0.50
Director
$0 $0 $0
DAVID A OSTER PRESIDENT 0.50
Officer
$0 $27,202 $387,039
LORETTA STEVENS CFO (UNTIL 5/23) 0.50
Officer
$0 $72 $76,065
MADELINE FREEMAN CFO (BEG. 6/23) 0.50
Officer
$0 $28 $76,078
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 $291,573 $313,505 $5,661,741 $-21,932
2022 $814,844 $345,190 $5,076,444 $469,654
2021 $1,260,526 $354,866 $5,606,222 $905,660
2020 $621,431 $309,719 $4,444,035 $311,712
2019 $197,199 $557,890 $4,248,482 $-360,691
2018 $162,047 $457,916 $4,220,854 $-295,869
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