GREATER LAFAYETTE COMMUNITY DEVELOPMENT CORPORATION (EIN 352128701) - 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

2001

Legal Domicile

Principal Officer

UMESH PATEL

Phone

7657424044

Tax Period

2021-01-01 to 2021-08-31

GREATER LAFAYETTE COMMUNITY DEVELOPMENT CORPORATION, founded in 2001, is a micro nonprofit that reported $60 in total revenue in fiscal year 2021. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $876K exceeded revenue, resulting in a 1459362% operating deficit.

Mission

PROVIDE UNIFIED REPRESENTATION OF THE GREATER LAFAYETTE COMMUNITY FOR PROJECTS AFFECTING THE WHOLE COMMUNITY. FOR FURTHER DETAILS OF MISSION AND ACTIVITIES, SEE SCHEDULE O.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $60

Other Revenue $0

TOTAL REVENUE $60

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $875,667

Other Expenses $875,677

TOTAL EXPENSES $875,677

Year-over-Year Comparison

	2021	2020	Change
Revenue	$60	$328	-0.8%
Expenses	$875,677	$180	+4863.9%
Net Income	$-875,617	$148	-5917.3%

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

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
STEVE ABEL	DIRECTOR	0.10	Director	$0	$0	$0
KIM ALLEN	DIRECTOR	0.10	Director	$0	$0	$0
DAVID BATHE	DIRECTOR	0.10	Director	$0	$0	$0
JASON BRICKER	TREASURER	0.10	Officer Director	$0	$0	$0
KATHY BRINKER	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL BUDD	DIRECTOR	0.10	Director	$0	$0	$0
MITCH DANIELS	DIRECTOR	0.10	Director	$0	$0	$0
MAYOR JOHN DENNIS	DIRECTOR	0.10	Director	$0	$0	$0
JANET FOX	DIRECTOR	0.10	Director	$0	$0	$0
RACHEL HAZARY	DIRECTOR	0.10	Director	$0	$0	$0
GARY LEHMAN	DIRECTOR	0.10	Director	$0	$0	$0
STEPHANIE LONG	DIRECTOR	0.10	Director	$0	$0	$0
JOE MARKUN	DIRECTOR	0.10	Director	$0	$0	$0
BRAD MARLEY	DIRECTOR	0.10	Director	$0	$0	$0
DAVE MARTIN	DIRECTOR	0.10	Director	$0	$0	$0
PAUL MOSES	DIRECTOR	0.10	Director	$0	$0	$0
COMMISSIONER TOM MURTAUGH	DIRECTOR	0.10	Director	$0	$0	$0
JIM OLDS	SECRETARY	0.10	Officer Director	$0	$0	$0
UMESH PATEL	CHAIR	0.10	Officer Director	$0	$0	$0
KEVIN RILEY	DIRECTOR	0.10	Director	$0	$0	$0
MAYOR TONY ROSWARSKI	DIRECTOR	0.10	Director	$0	$0	$0
BOB SMITH	DIRECTOR	0.10	Director	$0	$0	$0
THOMAS SORS	DIRECTOR	0.10	Director	$0	$0	$0
TERRY WILSON	DIRECTOR	0.10	Director	$0	$0	$0
SCOTT WALKER	PRESIDENT &	0.10	Officer	$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
2021	$60	$875,677	No data	$-875,617
2020	$328	$180	$875,617	$148
2019	$769	$120	$875,469	$649
2018	$3,567	$120	$874,820	$3,447

GREATER LAFAYETTE COMMUNITY DEVELOPMENT CORPORATION