LAPEER NEIGHBORHOODS INCORPORATED (EIN 383034694) - 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

1992

Principal Officer

JIM MIKUS

Phone

8102454221

Tax Period

2023-01-01 to 2023-12-31

LAPEER NEIGHBORHOODS INCORPORATED, founded in 1992, is a micro nonprofit that reported $2K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $4K exceeded revenue, resulting in a 77% operating deficit.

Mission

LAPEER NEIGHBORHOODS, INCORPORATED MISSION STATEMENT IT SHALL BE THE PURPOSE OF LAPEER NEIGHBORHOODS, INCORPORATED TO IMPROVE THE QUALITY OF LIFE FOR THE RESIDENTS OF LAPEER BY ASSISTING IN MAKING ALL NEIGHBORHOODS SAFE, CLEAN, ATTRACTIVE, AND ECONOMICALLY STABLE. TO THIS END, LAPEER NEIGHBORHOODS, INCORPORATED SHALL ENDEAVOR TO FACILITATE PROGRAMS AND ACTIVITIES THAT WILL DIRECTLY IMPROVE THE STABILITY OF LAPEER NEIGHBORHOODS SUCH AS: 1. LOW INTEREST HOUSING REHABILITATION LOANS FOR LOW AND MODERATE INCOME HOUSEHOLDS. 2. LOW INTEREST LOANS FOR HISTORIC PRESERVATION REGARDLESS OF HOUSEHOLD INCOME. 3. GRANTS TO QUALIFIED HOUSEHOLDS FOR EMERGENCY REPAIRS AND WEATHERIZATION IMPROVEMENTS. 4. ASSIST IN INCREASING THE LEVEL OF HOMEOWNERSHIP IN LAPEER NEIGHBORHOODS THROUGH LEASE/OWNERSHIP ASSISTANCE PROGRAMS. 5. MAINTENANCE ASSISTANCE PROGRAMS FOR HOMEOWNERS WHO ARE UNABLE TO PERFORM EXTENSIVE MAINTENANCE DUE TO DISABLITY OR AGE. 6. ACQUIRE, REHABILITATE, AND RESELL HOUSES TO QUALIFIED HOUSEH

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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 $2,400

Program Service Revenue $0

Investment Income $4

Other Revenue $0

TOTAL REVENUE $2,404

Expense Breakdown

Grants Paid $300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $300

Other Expenses $3,955

TOTAL EXPENSES $4,255

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,404	$181,570	-1.0%
Expenses	$4,255	$5,080	-0.2%
Net Income	$-1,851	$176,490	-1.0%

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
ROBIN CHESTNUTT	SECRETARY	1.00	Director	$0	$0	$0
LISA LIE	DIRECTOR	1.00	Officer	$0	$0	$0
JIM MIKUS	CHAIRPERSON	1.00	Officer	$0	$0	$0
JENNELL RACOSTA	VICE-CHAIRPE	1.00	Officer	$0	$0	$0
KERRI ROBERTS	TREASURER	1.00	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
2023	$2,404	$4,255	$53,386	$-1,851
2022	$181,570	$5,080	$55,237	$176,490
2021	$201,303	$261,626	$60,847	$-60,323
2018	$41,832	$4,566	$128,635	$37,266

LAPEER NEIGHBORHOODS INCORPORATED