LAKE COUNTRY DEVELOPMENT CORPORATION (EIN 521227832) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Phone

4344477101

Tax Period

2024-07-01 to 2025-06-30

LAKE COUNTRY DEVELOPMENT CORPORATION, founded in 1982, is a micro nonprofit that reported $36K in total revenue in fiscal year 2017. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $650K represent 219 months of operating reserves.

Mission

TO ADMINISTER ECONOMIC DEVELOPMENT LOANS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $41,838

Investment Income $106,942

Other Revenue $0

TOTAL REVENUE $148,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,000

Other Expenses $25,895

TOTAL EXPENSES $25,895

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,780	$144,161	+0.0%
Expenses	$25,895	$27,964	-0.1%
Net Income	$122,885	$116,197	+0.1%

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
SCOTT SIMPSON	Director	1.00	Director	$0	$0	$0
LESLIE WEDDINGTON	Vice President	1.00	Officer Director	$0	$0	$0
BRENT MORRIS	Treasurer	1.00	Officer Director	$0	$0	$0
DAVID BRANKLEY	President	1.00	Officer Director	$0	$0	$0
ANDREW NASH	Director	1.00	Director	$0	$0	$0
MARCUS HARGRAVE	Director	1.00	Director	$0	$0	$0
HUBERT PANNELL	Director	1.00	Director	$0	$0	$0
CLAUDIA LUNDY	Director	1.00	Director	$0	$0	$0
CHARLIE SIMMONS	Director	1.00	Director	$0	$0	$0
DEBORAH GOSNEY	Assistant Secre	1.00	Officer 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	$148,780	$25,895	No data	$122,885
2024	No data	No data	No data	No data
2023	$3,025,760	$81,737	$3,707,624	$2,944,023
2022	$18,530	$31,589	$3,732,908	$-13,059
2021	$241,703	$259,941	$3,737,783	$-18,238
2020	$29,005	$42,420	$3,933,299	$-13,415
2019	$153,925	$155,365	$3,922,492	$-1,440
2018	$35,608	$34,874	$3,864,583	$734

LAKE COUNTRY DEVELOPMENT CORPORATION