LARC INC (EIN 590968911) - 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

1954

Legal Domicile

Principal Officer

ANGELA KATZ

Phone

2393346285

Tax Period

2023-10-01 to 2024-09-30

LARC INC, founded in 1954, is a community nonprofit in the Employment sector that reported $4.0M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $613K, a strong 15% operating margin.

Mission

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

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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 $2,990,327

Program Service Revenue $203,256

Investment Income $123,649

Other Revenue $645,993

TOTAL REVENUE $3,963,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,223,019

Fundraising Expenses $124,324

Program Expenses $2,752,722

Other Expenses $1,127,337

TOTAL EXPENSES $3,350,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,963,225	$4,827,147	-0.2%
Expenses	$3,350,356	$3,525,962	0.0%
Net Income	$612,869	$1,301,185	-0.5%

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

128

Volunteers

214

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

$124,764

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA KATZ	EXECUTIVE DI	40.00	Officer	$124,764	$0	$124,764
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
GORDON B DAVIS	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
JENN ROBINSON	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
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

LARC INC