LAKESHORE REALTORS ASSOCIATION INC (EIN 391240428) - 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

1972

Legal Domicile

Principal Officer

ERIN HICKEY

Phone

2623754730

Tax Period

2023-01-01 to 2023-12-31

LAKESHORE REALTORS ASSOCIATION INC, founded in 1972, is a small nonprofit in the Community Improvement sector that reported $297K in total revenue in fiscal year 2023. Revenue surged 118% from the prior year, signaling strong growth momentum. The organization ran a surplus of $107K, a strong 36% operating margin.

Mission

PROVIDE REAL ESTATE RELATED MATERIALS, EDUCATION AND ACTIVITIES FOR MEMBERS AND PROVIDE SUPPORT TO AFFILIATED ORGANIZATIONS.

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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 $0

Program Service Revenue $202,457

Investment Income $90,380

Other Revenue $3,791

TOTAL REVENUE $296,628

Expense Breakdown

Grants Paid $4,512

Salaries & Benefits $73,271

Fundraising Expenses $0

Program Expenses $163,648

Other Expenses $112,019

TOTAL EXPENSES $189,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,628	$135,854	+1.2%
Expenses	$189,802	$170,861	+0.1%
Net Income	$106,826	$-35,007	-4.1%

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

Volunteers

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

$59,423

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN HICKEY	EXECUTIVE DIRECTOR	27.00	Officer	$59,423	$0	$59,423
GINA STUPAK	PRESIDENT	2.00	Officer Director	$0	$0	$0
KRISTIN BURKART	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
LEAH BISCHOFF	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID HARLEY	TREASURER	2.00	Officer Director	$0	$0	$0
OWEN DIDIER	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DANA KEEGAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE LEHMAN	DIRECTOR	1.00	Director	$0	$0	$0
ADAM POEHLMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE PRIES	DIRECTOR	1.00	Director	$0	$0	$0
LISA SUSEN-SULLIVAN	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
2023	$296,628	$189,802	$633,593	$106,826
2022	$135,854	$170,861	$520,371	$-35,007

LAKESHORE REALTORS ASSOCIATION INC