LAKE AREA FOUNDATION INC (EIN 461333280) - 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

2012

Legal Domicile

Principal Officer

MATTHEW HOPPER

Phone

2708664200

Tax Period

2023-07-01 to 2024-06-30

LAKE AREA FOUNDATION INC, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $217K in total revenue in fiscal year 2023. Revenue surged 220% from the prior year, signaling strong growth momentum. The organization ran a surplus of $172K, a strong 79% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO ENCOURAGE PHILANTHROPIC GIVING BY PROVIDING AN ACCESSIBLE MEANS FOR CONTRIBUTIONS TO BE MADE TO PERMANENT ENDOWMENTS THAT BENEFIT CHARITABLE CONCERNS RELATED TO COMMUNITY AND ECONOMIC DEVELOPMENT, EDUCATION, HEALTH AND HUMAN SERVICES, THE ARTS, PUBLIC RECREATION, AND CIVIC BEAUTIFICATION.

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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 $174,118

Program Service Revenue $0

Investment Income $43,016

Other Revenue $0

TOTAL REVENUE $217,134

Expense Breakdown

Grants Paid $36,462

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,462

Other Expenses $8,644

TOTAL EXPENSES $45,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$217,134	$67,903	+2.2%
Expenses	$45,106	$35,871	+0.3%
Net Income	$172,028	$32,032	+4.4%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW HOPPER	PRESIDENT	1.00	Director	$0	$0	$0
JOSH MYERS	SECRETARY	1.00	Director	$0	$0	$0
SHARON PAYNE	VICE PRESIDENT	1.00	Director	$0	$0	$0
LINDA STEPHENS	TREASURER	1.00	Director	$0	$0	$0
SHARON PAYNE	DIRECTOR	1.00	Director	$0	$0	$0
KENNY RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
HAZEL SMITH	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
2025	No data	No data	No data	No data
2024	$217,134	$45,106	$1,545,465	$172,028
2023	$67,903	$35,871	$1,281,905	$32,032
2022	$278,017	$47,016	$1,171,208	$231,001
2021	$219,552	$23,567	$1,064,586	$195,985
2020	$111,004	$27,939	$716,627	$83,065
2019	$86,800	$16,398	$620,960	$70,402

LAKE AREA FOUNDATION INC