LEISURE ACRES MANAGEMENT CORP (EIN 371244255) - 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

1988

Legal Domicile

Principal Officer

FRED LUKE

Phone

3096732252

Tax Period

2024-01-01 to 2024-12-31

LEISURE ACRES MANAGEMENT CORP, founded in 1988, is a micro nonprofit in the Housing & Shelter sector that reported $19K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Net assets of $869K represent 540 months of operating reserves.

Mission

TO PROVIDE MANAGEMENT SERVICES AND OCCASSIONAL FINANCIAL ASSISTANCE TO FEDERALLY SUBSIDIZED HOUSING FOR SENIORS AT LEISURE ACRES PHASE I AND II HOUSING CORPS.

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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 $19,315

Other Revenue $0

TOTAL REVENUE $19,315

Expense Breakdown

Grants Paid $6,610

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,955

Other Expenses $13,345

TOTAL EXPENSES $19,955

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,315	$13,932	+0.4%
Expenses	$19,955	$12,152	+0.6%
Net Income	$-640	$1,780	-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

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
FRED LUKE	PRESIDENT	2.00	Officer Director	$0	$0	$0
DENNIS BECHTEL	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSEPH W CORRIGAN	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
AARON ROSE	TRUSTEE	2.00	Director	$0	$0	$0
GARY DEITERS	TRUSTEE	2.00	Director	$0	$0	$0
JIM MCINTYRE	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN MATHENY	TRUSTEE	2.00	Director	$0	$0	$0
NATHAN ISENBERG	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN BUTLER	TRUSTEE	2.00	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
2024	$19,315	$19,955	$868,513	$-640
2023	$13,932	$12,152	$832,890	$1,780
2022	$56,383	$12,244	$820,950	$44,139
2021	$24,715	$8,758	$855,316	$15,957
2020	$14,773	$8,860	$807,663	$5,913
2019	$15,612	$8,663	$789,230	$6,949
2018	$9,382	$8,684	$747,648	$698

LEISURE ACRES MANAGEMENT CORP