Lakewood Kiwanis Foundation Inc (EIN 346536525) - 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

1950

Legal Domicile

Principal Officer

Stanley Corwin

Phone

2162586248

Tax Period

2024-01-01 to 2024-12-31

Lakewood Kiwanis Foundation Inc, founded in 1950, is a small nonprofit that reported $189K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $165K left a modest 13% surplus.

Mission

Provide college scholarships to City of Lakewood residents and provide support for programs of the Kiwanis Club of Lakewood for the benefit of children and families.

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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 (2024)

Revenue Breakdown

Contributions & Grants $74,926

Program Service Revenue $0

Investment Income $59,458

Other Revenue $54,784

TOTAL REVENUE $189,168

Expense Breakdown

Grants Paid $140,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,646

Other Expenses $24,646

TOTAL EXPENSES $164,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,168	$255,184	-0.3%
Expenses	$164,646	$161,272	+0.0%
Net Income	$24,522	$93,912	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gary Taylor	President	1.00	Officer	$0	$0	$0
Nancy Andrade	Secretary	1.00	Officer	$0	$0	$0
Stanley Corwin	Treasurer	2.00	Officer	$0	$0	$0
Matthew Rawlings	Past President	1.00	Officer	$0	$0	$0
Mary Burton	Director	1.00	Director	$0	$0	$0
Terry Gable	Director	1.00	Director	$0	$0	$0
David Slife	Director	1.00	Director	$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	$189,168	$164,646	$1,640,038	$24,522
2022	$162,470	$454,323	$1,477,793	$-291,853
2021	$396,153	$140,045	$1,680,896	$256,108
2020	$244,571	$127,795	$1,417,699	$116,776

Lakewood Kiwanis Foundation Inc