EAST LAKE FOUNDATIONINC (EIN 582204306) - 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

1995

Legal Domicile

Principal Officer

ILHAM ASKIA

Phone

4043734351

Tax Period

2023-01-01 to 2023-12-31

EAST LAKE FOUNDATIONINC, founded in 1995, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $13.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $12.6M left a modest 6% surplus.

Mission

THE EAST LAKE FOUNDATION PARTNERS WITH RESIDENTS, SCHOOL FAMILIES, AND SERVICE PROVIDERS FOR EQUITABLE ACCESS TO COMMUNITY RESOURCES.

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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 $12,036,164

Program Service Revenue $0

Investment Income $425,089

Other Revenue $915,604

TOTAL REVENUE $13,376,857

Expense Breakdown

Grants Paid $1,825,422

Salaries & Benefits $955,996

Fundraising Expenses $687,975

Program Expenses $11,278,026

Other Expenses $9,857,275

TOTAL EXPENSES $12,638,693

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,376,857	$11,852,753	+0.1%
Expenses	$12,638,693	$12,657,197	0.0%
Net Income	$738,164	$-804,444	-1.9%

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

199

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

$571,773

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS WOMACK	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
PHIL JACOBS	CHAIR	1.00	Director	$0	$0	$0
CHARLES PALMER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL LOMAX	VICE CHAIR	1.00	Director	$0	$0	$0
CURLEY DOSSMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALD RENDER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN BREWER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN R FRAZER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOYCE RETO	BOARD MEMBER	1.00	Director	$0	$0	$0
LILLIAN COUSINS GIORNELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
MARILYN HACK	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK LAZARUS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK RAHIYA	BOARD MEMBER	1.00	Director	$0	$0	$0
ONOME OKUMA	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY M ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT L JOHNSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA PRINCE	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS G COUSINS	BOARD MEMBER	1.00	Director	$0	$0	$0
MAX HEINEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE H WOODLING	CHIEF OPERATING OFFICER	40.00	Officer	$172,216	$16,839	$189,055
MEISHA WHITE	CHIEF FINANCIAL OFFICER	40.00	Officer	$129,816	$28,904	$158,720
ILHAM ASKIA	PRESIDENT & CEO	40.00	Officer	$215,270	$8,728	$223,998
JENNIFER MCCRARY	EMPLOYEE	40.00	Highest	$109,903	$17,713	$127,616

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	No data	No data	No data	No data
2023	$13,376,857	$12,638,693	$69,553,026	$738,164
2022	$11,852,753	$12,657,197	$68,536,747	$-804,444
2021	$30,410,500	$7,400,240	$69,998,744	$23,010,260
2020	$4,347,225	$3,863,429	$46,241,311	$483,796
2019	$4,873,687	$5,062,226	$45,253,560	$-188,539
2018	$5,140,561	$5,569,244	$45,547,555	$-428,683

EAST LAKE FOUNDATIONINC