LARC 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

1954

Legal Domicile

Principal Officer

ANGELA KATZ

Phone

2393346285

Tax Period

2024-10-01 to 2025-09-30

LARC INC, founded in 1954, is a community nonprofit in the Employment sector that reported $8.6M in total revenue in fiscal year 2024. Revenue surged 118% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 54% operating margin.

Mission

LARC'S MISSION IS TO EMPOWER AND SUPPORT INDIVIDUALS WITH DISABILITIES AND THEIR FAMILIES TO ACHIEVE THEIR FULL POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $1,862,227 Revenue: $204,332

ADULT DAY TRAINING PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.

Program 2

Expenses: $769,118

COMMUNITY SUPPORT SERVICES PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.

Program 3

Expenses: $560,965

RESIDENTIAL GROUP HOMES PROGRAM - SEE SCHEDULE O FOR MORE INFORMATION ON THIS PROGRAM.

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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 $7,723,400

Program Service Revenue $204,332

Investment Income $105,449

Other Revenue $596,642

TOTAL REVENUE $8,629,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,371,044

Fundraising Expenses $241,028

Program Expenses $3,250,268

Other Expenses $1,622,504

TOTAL EXPENSES $3,993,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,629,823	$3,963,225	+1.2%
Expenses	$3,993,548	$3,350,356	+0.2%
Net Income	$4,636,275	$612,869	+6.6%

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

135

Volunteers

216

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

$116,622

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA KATZ	EXECUTIVE DI	40.00	Officer	$116,622	$0	$116,622
BONNIE BOLTON	TREASURER	0.40	Officer Director	$0	$0	$0
BRIAN BRADLEY	BOARD MEMBER	0.40	Director	$0	$0	$0
AUSTIN CLINTON	PRESIDENT	0.40	Officer Director	$0	$0	$0
PETER D'ALESSANDRO	BOARD MEMBER	0.40	Director	$0	$0	$0
JENNIFER GALLOWAY	BOARD MEMBER	0.40	Director	$0	$0	$0
MIKE GAVALA	BOARD MEMBER	0.40	Director	$0	$0	$0
BLAKE HAMPTON	VICE PRESIDE	0.40	Officer Director	$0	$0	$0
STEPHEN MCBANE	SECRETARY	0.40	Officer Director	$0	$0	$0
DAVE PLONSKI	BOARD MEMBER	0.40	Director	$0	$0	$0
STEPHANIE WARDEIN	BOARD MEMBER	0.40	Director	$0	$0	$0
ROSS WEBB	BOARD MEMBER	0.40	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	$8,629,823	$3,993,548	$11,834,926	$4,636,275
2024	$3,963,225	$3,350,356	$6,932,330	$612,869
2023	$4,827,147	$3,525,962	$5,521,211	$1,301,185
2022	$3,906,658	$2,846,167	$4,096,902	$1,060,491
2021	$3,234,474	$2,646,588	$2,962,136	$587,886
2020	$2,775,259	$2,973,312	$2,694,206	$-198,053
2019	$2,964,634	$2,845,135	$2,397,654	$119,499
2018	$2,780,172	$2,688,827	$2,255,634	$91,345