LOTT INDUSTRIES INC

EIN: 344466943 501(c)(3) Human Services

TOLEDO, OH

Total Revenue
$5,539,042
Total Expenses
$5,137,649
Total Assets
$9,761,825
Net Assets
$9,627,634
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
OH
Principal Officer
DAVID GALL
Phone
4193815246
Tax Period
2024-01-01 to 2024-12-31

LOTT INDUSTRIES INC, founded in 1958, is a community nonprofit in the Human Services sector that reported $5.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.1M left a modest 7% surplus.

Mission

LOTT INDUSTRIES IS A NON-PROFIT, 501(C)3 ORGANIZATION WHICH HAS PROVIDED MEANINGFUL EDUCATIONAL AND VOCATIONAL OPPORTUNITIES FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES SINCE 1956. THE ORGANIZATION IS PASSIONATE ABOUT SERVING INDIVIDUALS WITH ANY BARRIER, AND SEEKS TO PROVIDE PURPOSEFUL WORK TO ALL PARTIES WITHIN REACH. THE ORGANIZATION SERVES BUSINESS CUSTOMERS LOCALLY AND THROUGHOUT THE UNITED STATES.

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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 $305,286
Program Service Revenue $4,672,981
Investment Income $356,322
Other Revenue $204,453
TOTAL REVENUE $5,539,042

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,701,077
Fundraising Expenses $13,086
Program Expenses $4,591,801
Other Expenses $1,436,572
TOTAL EXPENSES $5,137,649

Year-over-Year Comparison

2024 2023 Change
Revenue $5,539,042 $4,996,319 +0.1%
Expenses $5,137,649 $4,963,697 +0.0%
Net Income $401,393 $32,622 +11.3%
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

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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
7
Independent Members
7
Employees
223
Volunteers
N/A

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
5
$252,569
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA DIETZE TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL CHIARELLI BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD MACMILLAN CHAIRMAN 2.00
Officer Director
$0 $0 $0
MICHAEL MALONE BOARD MEMBER 1.00
Director
$0 $0 $0
RICARDO KING SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD SWEENEY BOARD MEMBER 1.00
Director
$0 $0 $0
SANDY SPANG BOARD MEMBER 1.00
Director
$0 $0 $0
TIM MENKE CHIEF EXECUTIVE OFFICER 40.00
Officer
$125,361 $22,215 $147,576
DAVID GALL CHIEF FINANCIAL OFFICER 40.00
Officer
$92,678 $12,315 $104,993
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 $5,539,042 $5,137,649 $9,761,825 $401,393
2023 $4,996,319 $4,963,697 $9,366,532 $32,622
2022 $4,403,500 $4,425,155 $8,978,137 $-21,655
2021 $5,655,015 $4,529,729 $9,516,850 $1,125,286
2020 $5,183,224 $4,836,462 $8,528,556 $346,762
2019 $5,621,107 $5,642,474 $7,993,819 $-21,367
2018 $5,521,970 $5,664,619 $7,926,596 $-142,649
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