LEMMON AREA CHARITABLE AND ECONOMIC DEVELOPMENT (EIN 363983577) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Phone

6053745699

Tax Period

2023-01-01 to 2023-12-31

LEMMON AREA CHARITABLE AND ECONOMIC, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $275K in total revenue in fiscal year 2018. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 19% operating margin.

Mission

ASSIST IN RAISING THE ECONOMIC AND SOCIAL WELFARE OF LOW-INCOME RESIDENTS, EDUCATION, ECONOMIC GROWTH AND DEVELOPEMENT, AND THE PRESERVATION OF HISTORIC CHARACTER OF LEMMON, SD AND PERKINS COUNTY, SD.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $157,166

Program Service Revenue $43,205

Investment Income $0

Other Revenue $-8,555

TOTAL REVENUE $191,816

Expense Breakdown

Grants Paid $31,415

Salaries & Benefits $74,941

Fundraising Expenses $0

Program Expenses $215,678

Other Expenses $109,322

TOTAL EXPENSES $215,678

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,816	$153,216	+0.3%
Expenses	$215,678	$222,270	0.0%
Net Income	$-23,862	$-69,054	-0.7%

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

N/A

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

$43,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JOHNSON	Executive Dir.	40.00	Director	$43,200	$0	$43,200
CHAD BUMGARTEN	Director	0.00	Director	$0	$0	$0
LYNDSEY WHEELER	Secretary	0.00	Director	$0	$0	$0
JASON LILLICH	Vice President	0.00	Officer	$0	$0	$0
RYAN KOHN	President	0.00	Officer	$0	$0	$0
JUDY LARSON	Director	0.00	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
2024	No data	No data	No data	No data
2023	$191,816	$215,678	$1,099,497	$-23,862
2022	$153,216	$222,270	$1,123,909	$-69,054
2021	$524,299	$442,110	$1,191,759	$82,189
2020	$146,176	$201,094	$1,109,721	$-54,918
2019	$135,346	$270,570	$1,164,853	$-135,224
2018	$275,211	$222,553	$1,326,796	$52,658

LEMMON AREA CHARITABLE AND ECONOMIC DEVELOPMENT