LEE COUNTY INDUSTRIES INC

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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

1967

Legal Domicile

Principal Officer

AUDREY M MURCHISON

Phone

9197753439

Tax Period

2023-07-01 to 2024-06-30

LEE COUNTY INDUSTRIES INC, founded in 1967, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

LCI PROVIDES REHABILITATION AND EDUCATIONAL TRAINING TO YOUTH AND ADULTS WITH BARRIERS TO EMPLOYMENT. THE WIDE VARIETY OF TRAINING OPPORTUNITIES AVAILABLE ATTRACTS A BROAD RANGE OF INDIVIDUALS, INCLUDING PEOPLE WITH DISABILITIES, THOSE ADAPTING FROM ACCIDENTAL INJURIES AND OTHERS FROM LOW-INCOME FAMILIES.LCI OPERATES THROUGH INCOME FROM INDUSTRIAL CONTRACTS AND AWARD SALES, CHARITABLE GRANTS AND, MOST IMPORTANTLY, TAX-DEDUCTIBLE GIFTS FROM FRIENDS. IT ALSO DRAWS UPON VOLUNTEERS TO WORK WITH PARTICIPANTS AND PUBLISHES OCCASIONAL INFORMATION FOR ANYONE WANTING TO STAY INFORMED ABOUT THE ORGANIZATION AND ITS NEW VENTURES.THOUGH LCI HAS EXPANDED ITS SERVICES AND MOVED OVER THE YEARS -- THE CURRENT BUILDING OPENED IN 1981 -- IT HAS REMAINED FAITHFUL TO ITS MISSION: TO HELP PEOPLE WITH DISABILITIES ACHIEVE THEIR GREATEST POSSIBLE INDEPENDENCE AND USE ITS RESOURCES TO ENHANCE THE ENTIRE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $82,193 Revenue: $131,690

LCI PROVIDES MANUFACTURING SUPPORT SERVICES TO LOCAL AND SURROUNDING COMPANIES IN THE FORM OF KITTING, ASSEMBLY/SUBASSEMBLY, PACKAGING, LABELING, SORTING, REWORK, INSPECTION, ETC. INCOME IS GENERATED FROM MANUFACTURING CONTRACTS. SUBCONTRACT MANUFACTURING SERVICES PROVIDE JOB TRAINING SKILLS FOR INDIVIDUALS ATTENDING THE PROGRAM.

Program 2

Expenses: $157,712 Revenue: $189,324

ADULT DEVELOPMENT ACTIVITY PROGRAM: PROVIDE TRAINING FOR CLIENTS ABLE TO PRODUCE ONLY AT A MINIMUM LEVEL AND ASSIST IN DEVELOPING SOCIAL AND DAILY LIVING SKILLS. PERSONS BENEFITTED - 6

Program 3

Expenses: $589,386 Revenue: $915,851

INNOVATIONS/RESPITE/DEVELOPMENTAL THERAPY/PERSONAL ASSISTANCE AND ICF/MR PROVIDES EITHER ONE ON ONE OR GROUP VOCATIONAL SKILLS TRAINING, COMMUNITY INCLUSION, DAILY LIVING SKILLS, BEHAVIOR MANAGEMENT AND SOCIALIZATION TO CONSUMERS IN ORDER FOR THEM TO FURTHER ENHANCE THEIR LIVES. PERSONS BENEFITTED - 4

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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 $6,750

Program Service Revenue $1,237,694

Investment Income $9,826

Other Revenue $238

TOTAL REVENUE $1,254,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $916,707

Fundraising Expenses $0

Program Expenses $862,355

Other Expenses $325,056

TOTAL EXPENSES $1,241,763

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,254,508	$1,089,100	+0.2%
Expenses	$1,241,763	$1,019,886	+0.2%
Net Income	$12,745	$69,214	-0.8%

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

Volunteers

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

$55,418

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHTON NOEL	PRESIDENT	0.30	Officer Director	$0	$0	$0
JOANNE KEINATH	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL W HAMMOND	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
JIM MURRAY	TREASURER	0.30	Officer Director	$0	$0	$0
VALENCIA BUFFORD	DIRECTOR	0.30	Director	$0	$0	$0
CHARLIE PARKS	DIRECTOR	0.30	Director	$0	$0	$0
AUDREY M MURCHISON	EXECUTIVE DIRECTOR	40.00	Officer	$55,418	$0	$55,418

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	$1,254,508	$1,241,763	$1,526,232	$12,745
2023	$1,089,100	$1,019,886	$1,501,122	$69,214
2022	$921,325	$894,053	$1,404,070	$27,272
2021	$945,858	$906,296	$1,392,741	$39,562
2020	$1,088,252	$1,042,725	$1,364,825	$45,527
2019	$1,047,907	$1,047,417	$1,343,549	$490