LAGRANGE BUSINESS ASSOCIATION INC (EIN 363890661) - 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

DAVID FISCHER

Phone

7085798650

Tax Period

2024-01-01 to 2024-12-31

LAGRANGE BUSINESS ASSOCIATION INC, founded in 1993, is a small nonprofit that reported $250K in total revenue in fiscal year 2024. Expenses of $222K left a modest 11% surplus.

Mission

TO ENHANCE THE BUSINESS CLIMATE, PROMOTE AND STIMULATE ORDERLY GROWTH FOR BUSINESSES LOCATED IN LAGRANGE, ILLINOIS

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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 $131,783

Program Service Revenue $0

Investment Income $4,250

Other Revenue $113,975

TOTAL REVENUE $250,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,869

Fundraising Expenses $0

Program Expenses $0

Other Expenses $65,925

TOTAL EXPENSES $221,794

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,008	$240,716	+0.0%
Expenses	$221,794	$309,007	-0.3%
Net Income	$28,214	$-68,291	-1.4%

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

Total Directors

$85,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHLEEN DOMANICO	EXECUTIVE DIRECTOR	40	Director	$73,750	$0	$73,750
DAN MULKA	EXECUTIVE DIRECTOR	40	Director	$12,083	$0	$12,083
STEPHANIE POSEY	PRESIDENT	1	Officer Director	$0	$0	$0
SARAH KEUSS BOYCE	IMMEDIATE PAST PRESIDENT	1	Officer Director	$0	$0	$0
ALAN MORALES	SECRETARY	1	Director	$0	$0	$0
DAVID FISHER	TREASURER	1	Officer Director	$0	$0	$0
LARISSA MAGAJNE	DIRECTOR	1	Director	$0	$0	$0
BILL CARNEY	DIRECTOR	1	Director	$0	$0	$0
JACKIE ERRICO	DIRECTOR	1	Director	$0	$0	$0
TERRA PHAIR	DIRECTOR	1	Director	$0	$0	$0
JOE KROC	DIRECTOR	1	Director	$0	$0	$0
ERIN MOLEK	DIRECTOR	1	Director	$0	$0	$0
KEVIN FARMER	DIRECTOR	1	Director	$0	$0	$0
MATT FRICIA	VICE PRESIDENT	1	Officer Director	$0	$0	$0
BRYAN FRY	DIRECTOR	1	Director	$0	$0	$0
ROBBY BARTHOLOMAI	DIRECTOR	1	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	No data	No data	No data	No data
2024	$250,008	$221,794	$260,391	$28,214
2023	$240,716	$309,007	$208,439	$-68,291
2022	$301,575	$235,951	$265,593	$65,624
2021	$223,456	$182,874	$196,459	$40,582
2020	$120,762	$162,553	$145,811	$-41,791
2019	$207,362	$165,584	$162,287	$41,778
2018	$207,040	$154,930	$126,536	$52,110

LAGRANGE BUSINESS ASSOCIATION INC