United Way of Lake and Sumter Counties Inc (EIN 591143758) - 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

1966

Legal Domicile

Principal Officer

Michael Herrera

Phone

3527877530

Tax Period

2023-01-01 to 2023-12-31

United Way of Lake and Sumter Counties Inc, founded in 1966, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 23% operating deficit.

Mission

UWLS mission is to improve the quality of life in Lake and Sumter counties by improving education, increasing financial stability and improving the health of our neighbors.

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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 $1,133,850

Program Service Revenue $0

Investment Income $68,038

Other Revenue $0

TOTAL REVENUE $1,201,888

Expense Breakdown

Grants Paid $431,323

Salaries & Benefits $682,896

Fundraising Expenses $148,991

Program Expenses $1,185,605

Other Expenses $363,510

TOTAL EXPENSES $1,477,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,201,888	$2,787,310	-0.6%
Expenses	$1,477,729	$3,145,642	-0.5%
Net Income	$-275,841	$-358,332	-0.2%

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

300

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

Total Directors

Key Employees

$86,754

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laura Boryd	Board Chair	5.00	Officer Director	$0	$0	$0
Micheal Herrera	Past Chair	3.00	Officer Director	$0	$0	$0
Gene Kanikovsky	Treasurer	3.00	Officer Director	$0	$0	$0
Karen Hogans	Secretary	3.00	Officer Director	$0	$0	$0
Emily Madak	Director	3.00	Director	$0	$0	$0
Laura Senzamici	Director	3.00	Officer Director	$0	$0	$0
Beth Thompson	Director	2.00	Director	$0	$0	$0
BE Thompson	Director	2.00	Director	$0	$0	$0
Connie Mahan	Director	2.00	Director	$0	$0	$0
Gary Search	Director	2.00	Director	$0	$0	$0
Moraima Menendez	Director	2.00	Director	$0	$0	$0
Justin Horton	Director	2.00	Director	$0	$0	$0
Ken Gates	Director	2.00	Director	$0	$0	$0
Jessica Davis	CEO	40.00	Key Emp	$86,754	$0	$86,754

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	$1,201,888	$1,477,729	$2,621,892	$-275,841
2022	$2,787,310	$3,145,642	$2,957,717	$-358,332
2021	$3,159,634	$2,694,236	$3,657,821	$465,398
2020	$3,204,770	$3,134,267	$3,101,493	$70,503
2019	$1,839,705	$1,316,126	$2,711,878	$523,579
2018	$1,512,954	$1,544,026	$2,804,724	$-31,072

United Way of Lake and Sumter Counties Inc