LAKESHORE ETHNIC DIVERSITY ALLIANCE

EIN: 383360686 501(c)(3)

HOLLAND, MI

Total Revenue
$211,307
Total Expenses
$250,474
Total Assets
$211,575
Net Assets
$184,150
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MI
Principal Officer
GLORIA LARA
Phone
6163455332
Tax Period
2021-01-01 to 2021-12-31

LAKESHORE ETHNIC DIVERSITY ALLIANCE, founded in 1997, is a small nonprofit that reported $211K in total revenue in fiscal year 2021. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $250K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO FOSTER AN ENVIRONMENT IN THE WEST MICHIGAN LAKESHORE AREA WHERE PEOPLE OF ALL ETHNIC BACKGROUNDS WILL HAVE EQUAL OPPORTUNITY TO LIVE, WORK, AND LEAD A QUALITY LIFE.

Program Service Accomplishments

Program 1
Expenses: $11,176 Revenue: $2,500

CALLING ALL COLORS IS A RACE UNITY PROJECT BRINGING MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS TOGETHER TO LEARN THE VALUE OF DIVERSITY AND CREATE ACTION PLANS FOR CHANGE IN THEIR SCHOOLS.

Program 2
Expenses: $103,708 Revenue: $42,959

DIVERSITY TRAINING SUPPLIES AND MATERIALS TO PUBLIC, PRIVATE, AND NONPROFIT GROUPS THAT SEEK TO UNDERSTAND AND ELIMINATE BARRIERS TO RACIAL INCLUSION.

Program 3
Expenses: $29,437 Revenue: $34,883

SUMMIT ON RACE AND INCLUSION, A DAY-LONG CONFERENCE HELD ANNUALLY WHERE PARTICIPANTS LEARN HOW RACIAL BIASES AFFECT COMMUNITIES ECONOMICALLY AND SOCIALLY; UNDERSTAND HOW INCLUSION BENEFITS EVERYONE...

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SUMMIT ON RACE AND INCLUSION, A DAY-LONG CONFERENCE HELD ANNUALLY WHERE PARTICIPANTS LEARN HOW RACIAL BIASES AFFECT COMMUNITIES ECONOMICALLY AND SOCIALLY; UNDERSTAND HOW INCLUSION BENEFITS EVERYONE; LEARN TOOLS TO MAKE A POSITIVE DIFFERENCE IN OUR COMMUNITY.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $127,977
Program Service Revenue $82,990
Investment Income $340
Other Revenue $0
TOTAL REVENUE $211,307

Expense Breakdown

Grants Paid $0
Salaries & Benefits $187,977
Fundraising Expenses $11,121
Program Expenses $148,264
Other Expenses $62,497
TOTAL EXPENSES $250,474

Year-over-Year Comparison

2021 2020 Change
Revenue $211,307 $310,187 -0.3%
Expenses $250,474 $253,516 0.0%
Net Income $-39,167 $56,671 -1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
5
Volunteers
125

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
4
$74,000
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GLORIA LARA EXECUTIVE DI 40.00
Officer
$74,000 $0 $74,000
FRANCISCO RAMIREZ CHAIRPERSON 1.00
Officer Director
$0 $0 $0
ANN NOE VICE-CHAIR 1.00
Officer Director
$0 $0 $0
HEATHER DANIEL SECRETARY/TR 1.00
Officer Director
$0 $0 $0
HEATHER SPEK DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY LEWIS DIRECTOR 1.00
Director
$0 $0 $0
JOHN MCNAUGHTON DIRECTOR 1.00
Director
$0 $0 $0
SHANI PADNOS DIRECTOR 1.00
Director
$0 $0 $0
SHONTAYE WITCHER DIRECTOR 1.00
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 No data No data No data No data
2021 $211,307 $250,474 $211,575 $-39,167
2020 $310,187 $253,516 $244,236 $56,671
2019 $241,485 $345,765 $179,446 $-104,280
2018 $207,260 $330,063 $287,373 $-122,803
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