Lodgic Holdings Inc (EIN 364865810) - 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

2017

Legal Domicile

Principal Officer

Scott D Hart

Phone

6308592000

Tax Period

2023-05-01 to 2024-04-30

Lodgic Holdings Inc, founded in 2017, is a micro nonprofit that reported $78K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 2716% operating deficit.

Mission

Lodgic Holdings, Inc. operates exclusively to support the purposes and endeavors of Lodgic Workplace, Inc. and Lodgic Kids Camp, Inc. It is currently winding down operations.

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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 $0

Program Service Revenue $0

Investment Income $46,660

Other Revenue $31,500

TOTAL REVENUE $78,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,815

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,147,349

TOTAL EXPENSES $2,201,164

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,160	$11,351,843	-1.0%
Expenses	$2,201,164	$19,516,550	-0.9%
Net Income	$-2,123,004	$-8,164,707	-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

$555,960

Total Directors

$736,478

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott D Hart	President and Director	1	Officer Director	$0	$46,976	$336,455
Joseph R Mech	Secretary/Treasurer and Director	1	Officer Director	$0	$19,623	$219,505
Michael A Rios Jr	Director	1	Director	$0	$31,453	$180,518

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	$78,160	$2,201,164	$33,082	$-2,123,004
2023	$11,351,843	$19,516,550	$3,447,537	$-8,164,707
2022	$6,408,971	$15,213,897	$17,554,057	$-8,804,926
2021	$8,610,386	$6,651,755	$27,400,121	$1,958,631

Lodgic Holdings Inc