EAST LAKE HOLDINGS INC (EIN 582132518) - 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

1994

Legal Domicile

Principal Officer

PAULA ANDREWS

Phone

4042334339

Tax Period

2024-01-01 to 2024-12-31

EAST LAKE HOLDINGS INC, founded in 1994, is a micro nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 129% from the prior year — a significant decline worth monitoring.

Mission

HOLDING PROPERTY AND COLLECTING INCOME LESS EXPENSES THEREFROM TO TURN OVER TO CF FOUNDATION, A GEORGIA NOT FOR PROFIT ORGANIZATION.

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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 $0

Program Service Revenue $0

Investment Income $-267,708

Other Revenue $-926,228

TOTAL REVENUE $-1,193,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,150,778

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-1,193,936	$4,095,816	-1.3%
Expenses	N/A	N/A	N/A
Net Income	N/A	$4,095,816	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

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

$138,885

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILLIAN C GIORNELLI	PRESIDENT/DIRECTOR	0.00	Officer Director	$0	$0	$0
WILLIAM C WREN	DIRECTOR	0.00	Director	$0	$0	$0
PAULA ANDREWS	VICE PRESIDENT	0.00	Officer	$0	$0	$0
TIFFANY PADOLSKY	SECRETARY	1.00	Officer	$0	$34,803	$138,885
DANA JACKSON	TREASURER	0.00	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	$-1,193,936	No data	$27,406,429	No data
2023	$4,095,816	No data	$28,850,364	No data
2022	$-1,257,266	No data	$30,812,684	No data
2021	$-1,072,238	No data	$33,203,649	No data
2020	$-1,057,103	No data	$34,164,262	No data
2019	$-546,835	No data	$33,624,669	No data
2018	$-763,842	No data	$33,142,512	No data

EAST LAKE HOLDINGS INC