LAKESHORE CHARITIES INC (EIN 455509762) - 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

2014

Legal Domicile

Principal Officer

CONNIE HEINZEN

Phone

9203230192

Tax Period

2023-01-01 to 2023-12-31

LAKESHORE CHARITIES INC, founded in 2014, is a small nonprofit in the Health Care sector that reported $279K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $67K, a strong 24% operating margin.

Mission

LAKESHORE CHARITIES INC RAISES MONIES TO SUPPORT LOCAL FAMILIES AFFECTED BY CANCER. WE HOLD VARIOUS PARTICIPATION EVENTS INCLUDING BUT NOT LIMITED TO GOLFING, BOWLING AND WALK/RUN.

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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 $274,690

Program Service Revenue $0

Investment Income $4,492

Other Revenue $0

TOTAL REVENUE $279,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $19,883

Program Expenses $188,712

Other Expenses $211,715

TOTAL EXPENSES $211,715

Year-over-Year Comparison

	2023	2022	Change
Revenue	$279,182	$198,876	+0.4%
Expenses	$211,715	$180,521	+0.2%
Net Income	$67,467	$18,355	+2.7%

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

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

170

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
MELINDA LUKES	DIRECTOR	001.00	Director	$0	$0	$0
STEVE OSWALD	DIRECTOR	001.00	Director	$0	$0	$0
MIKE ANDRASTEK	DIRECTOR	001.00	Director	$0	$0	$0
DARIAN KADERABEK	DIRECTOR	001.00	Director	$0	$0	$0
CONNIE HEINZEN	PRESIDENT	020.00	Officer	$0	$0	$0
JIM DUPONT	VICE PRESIDENT	005.00	Officer	$0	$0	$0
KIM ANDRASTEK	SECRETARY	005.00	Officer	$0	$0	$0
WENDY TUREK	CO-TREASURER	005.00	Officer	$0	$0	$0
TIMOTHY ZINKEL	CO-TREASURER	005.00	Officer	$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	$279,182	$211,715	$244,768	$67,467

LAKESHORE CHARITIES INC