LAKE COUNTY IN ECONOMIC ALLIANCE INC

EIN: 351598214 501(c)(3)

MERRILLVILLE, IN

Total Revenue
$251,030
Total Expenses
$236,693
Total Assets
$136,216
Net Assets
$129,452
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
IN
Principal Officer
PAUL BENETURSKI
Phone
2197564317
Tax Period
2024-01-01 to 2024-12-31

LAKE COUNTY IN ECONOMIC ALLIANCE INC, founded in 1984, is a small nonprofit that reported $251K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $237K left a modest 6% surplus.

Mission

LCEA IS ORGANIZED FOR THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING OF ECONOMICS; MATTERS OF PUBLIC CONCERN; FINANCE; EDUCATION AND TRAINING; SCIENCE AND TECHNOLOGY; ECONOMIC PLANNING AND DEVELOPMENT; AND OTHER SUBJECTS RELATED TO THE BUSINESS DEVELOPMENT AND RETENTION, QUALITY AND QUANTITY OF ECONOMIC GROWTH, EMPLOYMENT OPPORTUNITIES AND EDUCATIONAL ACTIVITIES IN THE LAKE COUNTY INDIANA AREA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $251,030
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $251,030

Expense Breakdown

Grants Paid $0
Salaries & Benefits $172,179
Fundraising Expenses $0
Program Expenses $177,392
Other Expenses $64,514
TOTAL EXPENSES $236,693

Year-over-Year Comparison

2024 2023 Change
Revenue $251,030 $373,350 -0.3%
Expenses $236,693 $366,951 -0.4%
Net Income $14,337 $6,399 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
21
Independent Members
21
Employees
4
Volunteers
21

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
$12,744
Total Directors
20
$12,744
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENISE DILLARD BOARD MEMBER 2.00
Director
$0 $0 $0
DON KELLER PAST CHAIRMAN 2.00
Director
$0 $0 $0
RANDY PALMATEER BOARD MEMBER 2.00
Director
$0 $0 $0
BRIAN POPP BOARD MEMBER 2.00
Director
$0 $0 $0
DAVE RYAN IMMEDIATE PAST CHAIRMAN 2.00
Director
$0 $0 $0
TODD SCHEUB TREASURER 2.00
Officer Director
$0 $0 $0
PAUL BENETURSKI CHAIRMAN 2.00
Officer Director
$0 $0 $0
BILL HASSE BOARD MEMBER 2.00
Director
$0 $0 $0
DEANN PATENA BOARD MEMBER 2.00
Director
$0 $0 $0
MIKE GOLUMBECK BOARD MEMBER 2.00
Director
$0 $0 $0
ALEXIUS BARBER BOARD MEMBER 2.00
Director
$0 $0 $0
JOEL GORELICK BOARD MEMBER (EX OFFICIO) 2.00
Director
$0 $0 $0
DAVID LASSER BOARD MEMBER 2.00
Director
$0 $0 $0
SUE REED SECRETARY 2.00
Officer Director
$0 $0 $0
CHRIS SALATAS PRESIDENT 40.00
Officer Director
$12,744 $0 $12,744
GARY WARFEL VICE-CHAIRMAN 2.00
Officer Director
$0 $0 $0
MICHAEL O'CONNOR BOARD MEMBER 2.00
Director
$0 $0 $0
ERICA DOMBEY BOARD MEMBER 2.00
Director
$0 $0 $0
JUAN MORENO BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN JORDAN BOARD MEMBER (EX OFFICIO) 2.00
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 $251,030 $236,693 $136,216 $14,337
2023 $373,350 $366,951 $135,140 $6,399
2022 $396,900 $391,981 $127,069 $4,919
2021 $270,000 $339,273 $131,119 $-69,273
2020 $334,009 $286,662 $196,462 $47,347
2019 $332,107 $315,225 $154,804 $16,882
2018 $309,277 $269,648 $138,529 $39,629
2017 $250,150 $283,096 $77,743 $-32,946
Explore More Nonprofits
Top 100 Nonprofits in Indiana Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare LAKE COUNTY IN ECONOMIC ALLIANCE INC with other nonprofits in Indiana and across the country.