LAKE COMMUNITY ACTION AGENCY 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

1966

Legal Domicile

Principal Officer

LOUIS C WARD

Phone

3523575550

Tax Period

2023-10-01 to 2024-09-30

LAKE COMMUNITY ACTION AGENCY INC, founded in 1966, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

ASSIST IMPOVERISHED RESIDENTS WITH ENERGY, EDUCATIONAL AND SOCIAL ASSISTANCE WITH FUNDS OBTAINED FROM FEDERAL, STATE, AND LOCAL GOVERNMENTS, PRIVATE FOUNDATIONS, AND THE PUBLIC SECTOR.

Program Service Accomplishments

Program 1

Expenses: $1,481,773

LOW INCOME HOME ENERGY ASSISTANCE PROGRAM (LIHEAP): ASSIST LOW INCOME HOUSEHOLDS, PARTICULARLY THOSE WITH THE LOWEST INCOMES THAT PAY A HIGH PROPORTION OF HOUSEHOLD INCOME FOR HOME ENERGY, PRIMARILY IN MEETING THEIR IMMEDIATE HOME ENERGY NEEDS. APPROXIMATELY 2,001 HOUSEHOLDS WERE ASSISTED.

Program 2

Expenses: $701,820

COMMUNITY SERVICES BLOCK GRANT: ASSISTANCE TO LOW-INCOME INDIVIDUALS IN EMPLOYMENT, EMERGENCY SERVICES, PREVENTION OF STARVATION/MALNUTRITION, EDUCATION ASSISTANCE, AND OTHER PROGRAMS. APPROXIMATELY...

Program 3

Expenses: $464,680

EMERGENCY HOME REPAIR & WEATHERIZATION PROGRAMS: EMERGENCY HOME REPAIR PROGRAM AIMS TO ELIMINATE SPECIFIC HEALTH, SAFETY AND SANITARY HAZARDS FOR NEEDY RESIDENTS BY IMPROVING ELECTRICAL, PLUMBING...

EMERGENCY HOME REPAIR & WEATHERIZATION PROGRAMS: EMERGENCY HOME REPAIR PROGRAM AIMS TO ELIMINATE SPECIFIC HEALTH, SAFETY AND SANITARY HAZARDS FOR NEEDY RESIDENTS BY IMPROVING ELECTRICAL, PLUMBING, AND HVAC. THE ENERGY SERVICES PROGRAM IS DESIGNED TO MAKE HOMES FOR NEEDY RESIDENTS MORE ENERGY EFFICIENT BY PROVIDING ATTIC AND WALL INSULATION, MINOR ROOF REPAIRS, REPLACING EXTERIOR WINDOWS AND DOORS, WINDOW CAULKING, MINOR WALL AND FLOOR REPAIRS, AND WEATHER STRIPPING. APPROXIMATELY 30 HOUSEHOLDS WERE ASSISTED.

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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 $2,954,201

Program Service Revenue $74,220

Investment Income $117

Other Revenue $3,219

TOTAL REVENUE $3,031,757

Expense Breakdown

Grants Paid $1,985,916

Salaries & Benefits $701,112

Fundraising Expenses $0

Program Expenses $3,014,788

Other Expenses $345,580

TOTAL EXPENSES $3,032,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,031,757	$3,473,333	-0.1%
Expenses	$3,032,608	$3,463,960	-0.1%
Net Income	$-851	$9,373	-1.1%

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

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

$179,752

Total Directors

$97,703

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA BONIFACINO	SECRETARY (E	2.00	Officer Director	$0	$0	$0
BRIAN BROADWAY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MOLLIE CUNNINGHAM	VP	2.00	Officer Director	$0	$0	$0
TONY FIELDS	DIRECTOR	1.00	Director	$0	$0	$0
VERSHURN FORD	DIRECTOR (EX	1.00	Director	$0	$0	$0
KIMBERLY GARRY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIE HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
JUNE LOVE	SECRETARY (E	2.00	Officer Director	$0	$0	$0
JAMES LOWE	CEO	40.00	Officer Director	$83,938	$13,765	$97,703
WALTER MCGRIFF JR	TREASURER	2.00	Officer Director	$0	$0	$0
PATRICIA PHILLIP	DIRECTOR OF	40.00	Officer	$70,224	$11,825	$82,049
ROBERT RAGIN	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS C WARD	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALLYSON BERRY	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
TANYA WILDER	ASST SECRETA	2.00	Director	$0	$0	$0
JEAN ANN HAND	DIRECTOR (EF	1.00	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	No data	No data	No data	No data
2024	$3,031,757	$3,032,608	$743,734	$-851
2023	$3,473,333	$3,463,960	$689,262	$9,373
2022	$3,462,063	$3,382,019	$857,084	$80,044
2021	$3,021,729	$2,916,376	$1,005,186	$105,353
2020	$1,577,364	$1,593,362	$596,475	$-15,998
2019	$1,449,212	$1,463,037	$533,147	$-13,825
2018	$1,479,203	$1,601,509	$636,182	$-122,306