Lima 370 Charity Foundation Inc (EIN 352207825) - 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

2003

Legal Domicile

Principal Officer

Harry Zapp JR

Phone

4192243851

Tax Period

2024-06-01 to 2025-05-31

Lima 370 Charity Foundation Inc, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $707K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $658K left a modest 7% surplus.

Mission

Provide financial support for youth activities, including education and sports Hospitals and local police and fire organizations, and for all other charitable purposes incidental thereto.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $706,501

TOTAL REVENUE $706,501

Expense Breakdown

Grants Paid $644,494

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $657,784

Other Expenses $13,290

TOTAL EXPENSES $657,784

Year-over-Year Comparison

	2024	2023	Change
Revenue	$706,501	$612,565	+0.2%
Expenses	$657,784	$709,177	-0.1%
Net Income	$48,717	$-96,612	-1.5%

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
Ron Morris	President	001.00	Officer Director	$0	$0	$0
Daren Johnson	Vice President	001.00	Officer Director	$0	$0	$0
Harry Zapp	Secretary/Treasurer	001.00	Officer Director	$0	$0	$0
Rob Charles	Officer	001.00	Director	$0	$0	$0
Wendy Flook	Officer	001.00	Director	$0	$0	$0
Hal Brockman	Officer	001.00	Director	$0	$0	$0
Jim Hale	Officer	001.00	Director	$0	$0	$0
Gary Jones	Officer	001.00	Director	$0	$0	$0
Bud Mooney	Officer	001.00	Director	$0	$0	$0
Darren Robinson	Officer	001.00	Director	$0	$0	$0
Rose Wells	Officr	001.00	Director	$0	$0	$0
Doug Wise	Officer	001.00	Director	$0	$0	$0
Darby Bourk	Alternate	001.00	Director	$0	$0	$0
Bob Payton	Alternate	001.00	Director	$0	$0	$0
Phil Thomas	Officer	001.00	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
2025	$706,501	$657,784	$309,755	$48,717
2024	$612,565	$709,177	$261,037	$-96,612
2023	$583,499	$431,340	$357,649	$152,159
2022	$389,927	$279,520	$205,490	$110,407
2021	$243,707	$228,928	$95,083	$14,779
2020	$244,854	$226,866	$80,304	$17,988
2019	$265,959	$276,652	$62,316	$-10,693

Lima 370 Charity Foundation Inc