LAKE ERIE RESEARCH INSTITUTE INC

EIN: 550806759 501(c)(3) Science & Technology

SEMINOLE, FL

Total Revenue
$345,109
Total Expenses
$353,118
Total Assets
$81,605
Net Assets
$81,605
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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
2017
Legal Domicile
PA
Principal Officer
PHYLLIS JOAN KUHN PhD
Phone
7272892754
Tax Period
2024-07-01 to 2025-06-30

LAKE ERIE RESEARCH INSTITUTE INC, founded in 2017, is a small nonprofit in the Science & Technology sector that reported $345K in total revenue in fiscal year 2024.

Mission

PROMOTE AND ADVANCE MEDICAL RESEARCH & MEDICAL PRODUCT DEVELOPMENT, PREDOMINATELY FOR THE MEDICAL AND ACADEMIC COMMUNITIES IN PENNSYLVANIA

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $320,000
Program Service Revenue $0
Investment Income $25,109
Other Revenue $0
TOTAL REVENUE $345,109

Expense Breakdown

Grants Paid $0
Salaries & Benefits $71,173
Fundraising Expenses $0
Program Expenses $351,037
Other Expenses $281,945
TOTAL EXPENSES $353,118

Year-over-Year Comparison

2024 2023 Change
Revenue $345,109 N/A N/A
Expenses $353,118 N/A N/A
Net Income $-8,009 N/A N/A
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

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Governance

Voting Members
4
Independent Members
N/A
Employees
1
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
3
$0
Total Directors
4
$66,115
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHYLLIS JOAN KUHN PhD Secretary 20.00
Director
$66,115 $0 $66,115
EDWARD GOEBEL ESQ Chairman 1.00
Officer Director
$0 $0 $0
DAVID DULABON MD Director 1.00
Officer Director
$0 $0 $0
STEVEN MAURO PhD Director 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 $345,109 $353,118 $81,605 $-8,009
2021 $309,961 $304,276 $98,100 $5,685
2020 $440,008 $386,467 $92,415 $53,541
2019 $447,292 $451,571 $38,874 $-4,279
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