THE LAKESIDE ASSOCIATION

EIN: 344427938 501(c)(3) Community Improvement

LAKESIDE, OH

Total Revenue
$14,327,982
Total Expenses
$12,967,880
Total Assets
$25,685,106
Net Assets
$21,469,357
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
OH
Principal Officer
CHARLES ALLEN
Phone
4197984461
Tax Period
2024-04-01 to 2025-03-31

THE LAKESIDE ASSOCIATION, founded in 1919, is a mid-sized nonprofit in the Community Improvement sector that reported $14.3M in total revenue in fiscal year 2024. Expenses of $13.0M left a modest 9% surplus.

Mission

PROVIDE RELIGIOUS, EDUCATIONAL, CULTURAL, RECREATIONAL, AND MUNICIPAL SERVICES.

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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 $1,929,446
Program Service Revenue $12,120,206
Investment Income $278,330
Other Revenue $0
TOTAL REVENUE $14,327,982

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,504,907
Fundraising Expenses $477,701
Program Expenses $10,015,223
Other Expenses $7,462,973
TOTAL EXPENSES $12,967,880

Year-over-Year Comparison

2024 2023 Change
Revenue $14,327,982 $14,659,904 0.0%
Expenses $12,967,880 $13,096,021 0.0%
Net Income $1,360,102 $1,563,883 -0.1%
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
19
Independent Members
19
Employees
291
Volunteers
245

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
4
$216,337
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARYANN KELMER BOARD MEMBER 3.00
Director
$0 $0 $0
JANE MARX BOARD CHAIRPERSON 12.00
Officer Director
$0 $0 $0
CINDY MAHL BOARD MEMBER 3.00
Director
$0 $0 $0
LARRY KISABETH BOARD MEMBER 3.00
Director
$0 $0 $0
JACK ALLEN BOARD MEMBER 3.00
Director
$0 $0 $0
CATHERINE EDWARDS BOARD MEMBER 3.00
Director
$0 $0 $0
STEVEN BRUNOT BOARD MEMBER 3.00
Director
$0 $0 $0
KAREN GRAHAM BOARD MEMBER 3.00
Director
$0 $0 $0
JIM HACKBARTH BOARD MEMBER 3.00
Director
$0 $0 $0
ROBERT HUNTINGTON BOARD MEMBER 3.00
Director
$0 $0 $0
SCOTT LOW BOARD MEMBER 3.00
Director
$0 $0 $0
RACHEL MILLER BOARD SECRETARY 3.00
Officer Director
$0 $0 $0
GREG MOORE BOARD MEMBER 3.00
Director
$0 $0 $0
GWEN NICHOLS BOARD VICE CHAIRPERSON/TREASURER 3.00
Officer Director
$0 $0 $0
MICHAEL PETERSON BOARD MEMBER 3.00
Director
$0 $0 $0
DOUG ADAMS BOARD MEMBER 3.00
Director
$0 $0 $0
ELIZABETH ERWIN BOARD MEMBER 3.00
Director
$0 $0 $0
PAUL HUBBARD BOARD MEMBER 3.00
Director
$0 $0 $0
KAY PANOVEC BOARD MEMBER 3.00
Director
$0 $0 $0
CHARLES ALLEN PRESIDENT & CEO 40.00
Officer
$200,000 $16,337 $216,337
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 $14,327,982 $12,967,880 $25,685,106 $1,360,102
2024 $14,659,904 $13,096,021 $23,577,494 $1,563,883
2023 $14,876,431 $12,397,395 $21,907,837 $2,479,036
2022 $10,817,559 $9,825,635 $19,109,048 $991,924
2021 $9,409,090 $8,111,554 $18,007,265 $1,297,536
2020 $10,907,299 $10,711,599 $17,645,797 $195,700
2019 $11,480,326 $9,810,449 $16,399,285 $1,669,877
2018 $10,020,320 $9,296,173 $14,849,875 $724,147
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