The Lima Community Foundation

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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

1965

Legal Domicile

Phone

4192215928

Tax Period

2023-01-01 to 2023-12-31

The Lima Community Foundation, founded in 1965, is a small nonprofit that reported $672K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 64% operating deficit.

Mission

To promote philanthropy, and provide stewardship and leadership to enhance the use of community resources to meet the needs of its citizens.

Program Service Accomplishments

Program 1

Expenses: $1,004,322

Grants paid to or on behalf of local organizations

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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 $591,956

Program Service Revenue $0

Investment Income $80,431

Other Revenue $0

TOTAL REVENUE $672,387

Expense Breakdown

Grants Paid $384,862

Salaries & Benefits $20,266

Fundraising Expenses $0

Program Expenses $1,004,322

Other Expenses $694,315

TOTAL EXPENSES $1,099,443

Year-over-Year Comparison

	2023	2022	Change
Revenue	$672,387	$2,095,392	-0.7%
Expenses	$1,099,443	$570,752	+0.9%
Net Income	$-427,056	$1,524,640	-1.3%

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

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

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
Robert J Meredith	Past President	1.00	Director	$0	$0	$0
Parker MacDonell	Sec/Treasurer	5.00	Officer Director	$0	$0	$0
Karen A Boitnott	President	5.00	Officer Director	$0	$0	$0
Robert E Shenk	Board Member	1.00	Director	$0	$0	$0
Everett S Kirk III	Vice President	5.00	Officer Director	$0	$0	$0
Elizabeth W Winget	Board Member	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	No data	No data	No data	No data
2023	$672,387	$1,099,443	$8,307,246	$-427,056
2022	$2,095,392	$570,752	$8,157,098	$1,524,640
2021	$1,845,215	$459,046	$7,350,092	$1,386,169
2020	$978,038	$393,839	$6,589,554	$584,199
2020	$1,182,955	$393,839	$6,794,471	$789,116
2019	$616,605	$926,918	$5,246,362	$-310,313
2018	$1,138,572	$240,289	$5,571,683	$898,283