LAFAYETTE URBAN ENTERPRISE ASSOCIAT (EIN 351901386) - 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

1993

Legal Domicile

Principal Officer

DENNIS CARSON

Phone

7657424044

Tax Period

2023-01-01 to 2023-12-31

LAFAYETTE URBAN ENTERPRISE ASSOCIAT, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $923K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

DIRECT ENTERPRISE ZONE ACTIVITIES AND REINVESTMENT IN THE CITY OF LAFAYETTE, INDIANA.

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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 $685,600

Program Service Revenue $214,386

Investment Income $8,320

Other Revenue $14,232

TOTAL REVENUE $922,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $551,549

Fundraising Expenses $0

Program Expenses $845,718

Other Expenses $485,440

TOTAL EXPENSES $1,036,989

Year-over-Year Comparison

	2023	2022	Change
Revenue	$922,538	$1,152,011	-0.2%
Expenses	$1,036,989	$1,013,667	+0.0%
Net Income	$-114,451	$138,344	-1.8%

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

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

$30,310

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS CARSON	DIRECTOR	40.00	Officer	$30,310	$0	$30,310
MICHAEL GIBSON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
TONY ROSWARSKI	CHAIR	0.50	Officer Director	$0	$0	$0
SCOTT WALKER	SECRETARY/TR	0.50	Officer 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	$922,538	$1,036,989	$2,275,563	$-114,451
2022	$1,152,011	$1,013,667	$2,488,917	$138,344
2021	$803,520	$885,215	$2,143,552	$-81,695

LAFAYETTE URBAN ENTERPRISE ASSOCIAT