LAKESHORE FOUNDATION INC (EIN 621762831) - 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

1998

Legal Domicile

Principal Officer

JOHN ROBINSON

Phone

6156464466

Tax Period

2023-01-01 to 2023-12-31

LAKESHORE FOUNDATION INC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $484K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $336K, a strong 69% operating margin.

Mission

TO PROVIDE FUNDS FOR INDIGENT CARE AND RENOVATION NEEDS AT THE LONG TERM CARE FACILITIES OF LAKE SHORE ESTATES.

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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 $145,240

Program Service Revenue $0

Investment Income $339,260

Other Revenue $0

TOTAL REVENUE $484,500

Expense Breakdown

Grants Paid $54,055

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,484

Other Expenses $94,726

TOTAL EXPENSES $148,781

Year-over-Year Comparison

	2023	2022	Change
Revenue	$484,500	$391,529	+0.2%
Expenses	$148,781	$87,126	+0.7%
Net Income	$335,719	$304,403	+0.1%

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

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
JOHN ROBINSON	PRESIDENT	7.50	Officer Director	$0	$0	$0
JOHN THWEATT	TREASURER	1.00	Officer Director	$0	$0	$0
BARBARA OUTHIER	SECRETARY	1.00	Officer 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	No data	No data	No data	No data
2023	$484,500	$148,781	$10,421,915	$335,719
2022	$391,529	$87,126	$9,930,563	$304,403
2021	$795,083	$120,241	$10,366,798	$674,842
2020	$433,266	$166,189	$9,282,581	$267,077
2019	$470,675	$118,115	$8,985,430	$352,560
2018	$658,023	$236,381	$7,841,419	$421,642

LAKESHORE FOUNDATION INC