Lake Shore Athletic Association (EIN 521043956) - 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

1986

Legal Domicile

Phone

4104916670

Tax Period

2024-01-01 to 2024-12-31

Lake Shore Athletic Association, founded in 1986, is a small nonprofit that reported $324K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $294K left a modest 9% surplus.

Mission

To provide an opportunity for local youth to learn teamwork, leadership and good sportsmanship skills.

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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 $12,800

Program Service Revenue $311,403

Investment Income $0

Other Revenue $0

TOTAL REVENUE $324,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $19,711

Program Expenses $234,157

Other Expenses $293,563

TOTAL EXPENSES $293,563

Year-over-Year Comparison

	2024	2023	Change
Revenue	$324,203	$232,391	+0.4%
Expenses	$293,563	$234,639	+0.3%
Net Income	$30,640	$-2,248	-14.6%

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

N/A

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
Mike Jacobs	President	5.00	Officer	$0	$0	$0
Yancy Lowe	Treasurer	5.00	Officer	$0	$0	$0
John J Mewshaw	Vice President	5.00	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	$324,203	$293,563	$119,667	$30,640
2023	$232,391	$234,639	$89,027	$-2,248
2022	$235,632	$231,469	$91,275	$4,163

Lake Shore Athletic Association