Lakeshore Legal Aid

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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

1966

Legal Domicile

Principal Officer

Ashley Lowe

Phone

5865101814

Tax Period

2024-01-01 to 2024-12-31

Lakeshore Legal Aid, founded in 1966, is a mid-sized nonprofit in the Crime & Legal sector that reported $19.0M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $21.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

Standing with our neighbors, Lakeshore Legal Aid fights poverty and injustice through advocacy and by providing meaningful and dignified access to the legal system.

Program Service Accomplishments

Program 1

Expenses: $17,807,199 Revenue: $2,550

- Provided, without charge, legal and other advocacy services for qualifying low income persons, or persons otherwise without adequate personal resources to obtain private assistance, and who reside in, or who have legal matters in, the State of Michigan. - Exercised all methods of advocacy and representation to: - Empower low income persons in addressing their legal rights and concerns; - Provide access to the legal system and all community resources; and - Preserve the dignity of clients. - Provided services in connection with counseling, advisement, advocacy, and legal representation.

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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 $18,884,128

Program Service Revenue $2,550

Investment Income $128,482

Other Revenue $9,416

TOTAL REVENUE $19,024,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,786,933

Fundraising Expenses $435,376

Program Expenses $17,807,199

Other Expenses $2,534,085

TOTAL EXPENSES $21,321,018

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,024,576	$22,866,590	-0.2%
Expenses	$21,321,018	$20,920,295	+0.0%
Net Income	$-2,296,442	$1,946,295	-2.2%

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

310

Volunteers

199

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

$936,877

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Linn	President	1.00	Officer Director	$0	$0	$0
Thomas Stotz	Vice President	1.00	Officer Director	$0	$0	$0
Eric Gregory	Treasurer	1.00	Officer Director	$0	$0	$0
Khalilah Spencer	Secretary	1.00	Officer Director	$0	$0	$0
Jennifer Grieco	Trustee	1.00	Director	$0	$0	$0
Bianca McQueen	Trustee	1.00	Director	$0	$0	$0
Robert Mossel	Trustee	1.00	Director	$0	$0	$0
Anita Posey	Trustee	1.00	Director	$0	$0	$0
Mika Clay	Trustee	1.00	Director	$0	$0	$0
Ashley Lowe	CEO	40.00	Officer	$197,402	$31,501	$228,903
Terrie Fiehn	CFO	40.00	Officer	$154,247	$30,184	$184,431
Emily Calabrese	Chief Advocacy Officer	40.00	Officer	$150,151	$30,116	$180,267
Katie Strickfaden	COO	40.00	Officer	$143,106	$24,584	$167,690
Justin Williams	Chief Culture Officer	40.00	Officer	$150,300	$25,286	$175,586
Joon Sung	Litigation Director	40.00	Highest	$120,711	$29,121	$149,832
Jennifer Hartke	Director - CALL	40.00	Highest	$119,000	$30,160	$149,160
MaryAnn Clemens	Senior Attorney	40.00	Highest	$104,426	$27,873	$132,299
Beth Richardson	Director of Resource Development	40.00	Highest	$107,014	$12,042	$119,056
Akisha Johnson	Litigation Director	40.00	Highest	$116,785	$12,644	$129,429

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	$19,024,576	$21,321,018	$5,698,776	$-2,296,442
2023	$22,866,590	$20,920,295	$8,903,773	$1,946,295
2022	$17,068,839	$16,928,434	$8,027,610	$140,405
2021	$14,759,346	$13,085,263	$6,435,662	$1,674,083
2020	$10,713,048	$10,494,917	$5,114,047	$218,131
2019	$10,889,953	$10,416,428	$1,522,661	$473,525
2018	$10,349,888	$11,229,552	$1,238,429	$-879,664