LAKE CITY COLLECTIVE (EIN 364939852) - 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

2019

Principal Officer

PEGGY R HERNANDEZ ROJAS

Phone

2067011470

Tax Period

2024-01-01 to 2024-12-31

LAKE CITY COLLECTIVE, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $477K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Net assets of $1.4M represent 36 months of operating reserves.

Mission

LAKE CITY COLLECTIVE IS A COMMUNITY-BASED ORGANIZATION THAT EMPOWERS UNDERREPRESENTED COMMUNITIES ACROSS AGES, ABILITIES, GENDERS, AND CULTURES, TRANSFORMING OUR REALITY BY IMPROVING OUR SOCIAL, ECONOMIC, ENVIRONMENTAL, AND LIVING CONDITIONS THROUGH SELF- ADVOCACY AND COMMUNITY PROGRAMS. WE SHAPE OUR OWN FUTURE WHILE PRESERVING OUR HERITAGE.

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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 $469,011

Program Service Revenue $0

Investment Income $429

Other Revenue $7,200

TOTAL REVENUE $476,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,243

Fundraising Expenses $0

Program Expenses $466,002

Other Expenses $264,628

TOTAL EXPENSES $466,766

Year-over-Year Comparison

	2024	2023	Change
Revenue	$476,640	$556,835	-0.1%
Expenses	$466,766	$476,825	0.0%
Net Income	$9,874	$80,010	-0.9%

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
CLAUDINE WALLACE	BOARD PRESID	5.00	Officer Director	$0	$0	$0
PEGGY R HERNANDEZ ROJAS	CO-DIRECTOR	20.00	Director	$0	$0	$0
CESAR A GARCIA GARCIA	CO-DIRECTOR	20.00	Director	$0	$0	$0
LISA CHANG	BOARD SECRET	5.00	Officer Director	$0	$0	$0
CINTHIA PALOMINO	BOARD TREASU	5.00	Officer 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
2024	$476,640	$466,766	$1,435,036	$9,874
2023	$556,835	$476,825	$1,428,316	$80,010
2022	$1,225,819	$170,696	$1,320,883	$1,055,123
2022	$1,256,944	$201,821	$1,350,711	$1,055,123
2021	$330,057	$139,982	$267,891	$190,075

LAKE CITY COLLECTIVE