LACOMO INC (EIN 431602725) - 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

1991

Legal Domicile

Principal Officer

MIKE WITHROW

Phone

6605843101

Tax Period

2023-01-01 to 2023-12-31

LACOMO INC, founded in 1991, is a small nonprofit in the Human Services sector that reported $146K in total revenue in fiscal year 2023. Net assets of $459K represent 38 months of operating reserves.

Mission

SECTION 811 HOUSING

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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 $144,584

Investment Income $40

Other Revenue $1,279

TOTAL REVENUE $145,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,583

Fundraising Expenses $0

Program Expenses $90,152

Other Expenses $117,580

TOTAL EXPENSES $150,163

Year-over-Year Comparison

	2023	2022	Change
Revenue	$145,903	$137,814	+0.1%
Expenses	$150,163	$164,393	-0.1%
Net Income	$-4,260	$-26,579	-0.8%

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

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	Role	Reportable Comp	Other Comp	Total
KELLY LOGAN	PRESIDENT	Officer Director	$0	$0	$0
SHEILA MORGAN	VICE PRESIDENT	Officer Director	$0	$0	$0
PENNIE AHMANN	TREASURER	Officer Director	$0	$0	$0
SHARON WAMPLER	SECRETARY	Officer Director	$0	$0	$0
ARRON HAYES	DIRECTOR	Director	$0	$0	$0
MIKE WITHROW	DIRECTOR	Director	$0	$0	$0
CORDIA 'THEA' MOORE	DIRECTOR	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	$145,903	$150,163	$474,383	$-4,260
2022	$137,814	$164,393	$471,900	$-26,579
2021	$148,206	$166,283	$498,231	$-18,077
2020	$126,796	$148,574	$523,350	$-21,778
2019	$113,949	$144,076	$538,499	$-30,127
2018	$116,904	$162,084	$589,206	$-45,180

LACOMO INC