LOCKPORT LOCKS HERITAGE DISTRICT C… - Form 990 Financial Data

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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

VICKI A SMITH

Phone

7164396688

Tax Period

2024-01-01 to 2024-12-31

LOCKPORT LOCKS HERITAGE DISTRICT CORPORATION, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $241K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $68K, a strong 28% operating margin.

Mission

THE LOCKPORT LOCKS HERITAGE DISTRICT CORPORATION COLLABORATES WITH PRIVATE AND PUBLIC ORGANIZATIONS TO PROVIDE THE PREMIER ERIE CANAL EXPERIENCE FOR VISITORS.

Program Service Accomplishments

Program 1

Expenses: $126,237 Revenue: $2,219

OPERATED, MAINTAINED, ATTRACTED INVESTMENT, AND PROMOTED THE LOCKPORT LOCKS HERITAGE DISTRICT.

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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 $234,607

Program Service Revenue $0

Investment Income $3,701

Other Revenue $2,219

TOTAL REVENUE $240,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,237

Other Expenses $172,929

TOTAL EXPENSES $172,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$240,527	$452,925	-0.5%
Expenses	$172,929	$315,078	-0.5%
Net Income	$67,598	$137,847	-0.5%

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

300

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 R KINYON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID CHATT	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVEN COTTEN	TREASURER	1.00	Officer Director	$0	$0	$0
LINDA ROTH	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFFERY DEGNAN	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY DICKINSON	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS GLYNN	DIRECTOR	1.00	Director	$0	$0	$0
ANNA MAURI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LOMBARDI	DIRECTOR	1.00	Director	$0	$0	$0
ED SANDELL	DIRECTOR	1.00	Director	$0	$0	$0
DR JEFFREY SCHRATZ	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN SHOWALTER	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
2024	$240,527	$172,929	$1,604,200	$67,598
2023	$452,925	$315,078	$1,683,920	$137,847
2022	$264,438	$132,555	$1,397,095	$131,883
2021	$581,340	$130,711	$1,278,984	$450,629
2020	$427,864	$35,871	$832,553	$391,993
2019	$297,044	$67,436	$653,432	$229,608
2018	$258,990	$161,529	$355,652	$97,461

LOCKPORT LOCKS HERITAGE DISTRICT CORPORATION