LAKE ERIE INK (EIN 452267855) - 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

2011

Legal Domicile

Principal Officer

AMY ROSENBLUTH

Phone

2163204757

Tax Period

2024-06-01 to 2025-05-31

LAKE ERIE INK, founded in 2011, is a small nonprofit in the Youth Development sector that reported $662K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 17% operating margin.

Mission

LAKE ERIE INK IS A NOT FOR PROFIT 501(C)3 THAT PROVIDES CREATIVE EXPRESSION OPPORTUNITIES AND ACADEMIC SUPPORT TO YOUTH IN THE GREATER CLEVELAND 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $525,086

Program Service Revenue $136,869

Investment Income $15

Other Revenue $0

TOTAL REVENUE $661,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $367,769

Fundraising Expenses $52,138

Program Expenses $463,398

Other Expenses $181,136

TOTAL EXPENSES $548,905

Year-over-Year Comparison

	2024	2023	Change
Revenue	$661,970	$461,770	+0.4%
Expenses	$548,905	$583,826	-0.1%
Net Income	$113,065	$-122,056	-1.9%

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

$71,222

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY ROSENBLUTH	EXECUTIVE DI	40.00	Officer	$71,222	$0	$71,222
KARI MIRKIN	CHAIR	1.00	Officer Director	$0	$0	$0
KELSEY SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL SHEA	TREASURER	1.00	Officer Director	$0	$0	$0
ANNIE ZALESKI	DIRECTOR	0.50	Director	$0	$0	$0
MANUEL ALVARADO	DIRECTOR	0.50	Director	$0	$0	$0
BEN FORMAN	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA BROWN FRENCH	DIRECTOR	0.50	Director	$0	$0	$0
TRACY HILL	DIRECTOR	0.50	Director	$0	$0	$0
FREDERICK KAREM	DIRECTOR	0.50	Director	$0	$0	$0
CLAIRE MCBROOM	DIRECTOR	0.50	Director	$0	$0	$0
HELEN MAYNARD	DIRECTOR	0.50	Director	$0	$0	$0
ELI MILLETTE	DIRECTOR	0.50	Director	$0	$0	$0
MARCEL TOLLIVER	DIRECTOR	0.50	Director	$0	$0	$0
ANDY TRARES	DIRECTOR	0.50	Director	$0	$0	$0
MARC WHITE	DIRECTOR	0.50	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
2025	$661,970	$548,905	$203,354	$113,065
2024	$461,770	$583,826	$94,517	$-122,056
2023	$510,390	$569,831	$192,314	$-59,441
2022	$396,447	$421,376	$228,737	$-24,929
2021	$350,312	$348,816	$253,578	$1,496
2020	$278,045	$366,100	$298,264	$-88,055
2019	$388,696	$347,978	$340,020	$40,718
2018	$333,306	$310,478	$301,974	$22,828

LAKE ERIE INK