LAKE ERIE HERITAGE FOUNDATION INC

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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

2012

Legal Domicile

Principal Officer

David Zavagno

Tax Period

2024-02-01 to 2025-01-31

LAKE ERIE HERITAGE FOUNDATION INC, founded in 2012, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $68K in total revenue in fiscal year 2024. Revenue surged 508% from the prior year, signaling strong growth momentum.

Mission

The Lake Erie Heritage Foundation, Inc. is Dedicated to educating the general public about the military, social, and commercial history of Lake Erie, the surrounding region, and its impact and effect on the development and history of the United States of America.

Program Service Accomplishments

Program 1

Expenses: $74,724 Revenue: $68,456

The organization celebrated Oliver Hazard Perrys victory over the British at the Battle of Lake Erie during the war of 1812. This celebration included education to the public on the significance of the event, not only with respect to the Lake Erie region, but to the United States of America, as well.

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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 $0

Program Service Revenue $68,456

Investment Income $0

Other Revenue $0

TOTAL REVENUE $68,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,724

Other Expenses $74,724

TOTAL EXPENSES $74,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,456	$11,250	+5.1%
Expenses	$74,724	$9,309	+7.0%
Net Income	$-6,268	$1,941	-4.2%

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

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
David Zavagno	President, Treasurer	1	Officer Director	$0	$0	$0
John Manos	Secretary	1	Officer Director	$0	$0	$0
Gary Zdolshek	Director	1	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	$68,456	$74,724	$179	$-6,268
2018	No data	$879	$4,538	No data