LEBANESE AMERICAN COUNTRY CLUB (EIN 610542386) - 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

1993

Legal Domicile

Principal Officer

DANIEL E ASSEF

Phone

5027733248

Tax Period

2021-01-01 to 2021-12-31

LEBANESE AMERICAN COUNTRY CLUB, founded in 1993, is a micro nonprofit that reported $777 in total revenue in fiscal year 2021. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $28K exceeded revenue, resulting in a 3488% operating deficit.

Mission

THE MISSION OF THE LEBANESE AMERICAN COUNTRY CLUB ("LACC") IS TO FURTHER THE CULTURE OF THE LEBANESE AND SYRIAN COMMUNITY IN THE LOUISVILLE METRO AREA. THE LACC PLANS ON NOT ONLY CONTINUING THE MISSION ESTABLISHED BY OUR FOUNDING MEMBERS, BUT TO ADVANCE IT THROUGH THE USE OF OUR ASSETS. WE ALSO PLAN TO USE OUR ASSETS TO PROMOTE EDUCATIONAL OPPORTUNITIES FOR THE LOUISVILLE LEBANESE AND SYRIAN COMMUNITIES, AS WELL AS BECOMING A PHILANTHOPIC ORGANIZATION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $765

Investment Income $12

Other Revenue $0

TOTAL REVENUE $777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,800

Other Expenses $27,882

TOTAL EXPENSES $27,882

Year-over-Year Comparison

	2021	2020	Change
Revenue	$777	$1,297,483	-1.0%
Expenses	$27,882	$29,769	-0.1%
Net Income	$-27,105	$1,267,714	-1.0%

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

N/A

Employees

N/A

Volunteers

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE SEGAL	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL E ASSEF	PRESIDENT	1.00	Officer	$0	$0	$0
JACK WAINWRIGHT	VICE PRESIDENT	1.00	Officer	$0	$0	$0
GLORIA THOMAS	TREASURER	1.00	Officer	$0	$0	$0
DAVID MIKE	SECRETARY	1.00	Officer	$0	$0	$0
WAYNE KAREM	SGT AT ARMS	1.00	Officer	$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
2021	$777	$27,882	$1,352,571	$-27,105
2020	$1,297,483	$29,769	$1,379,676	$1,267,714

LEBANESE AMERICAN COUNTRY CLUB