LAKE MARTIN AREA UNITED WAY

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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

1984

Legal Domicile

Principal Officer

PATRICK CRADDOCK

Phone

2563293600

Tax Period

2024-01-01 to 2024-12-31

LAKE MARTIN AREA UNITED WAY, founded in 1984, is a small nonprofit that reported $843K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $262K, a strong 31% operating margin.

Mission

THE LAKE MARTIN AREA UNITED WAY RAISES CONTRIBUTIONS AND DISBURSES FUNDING FOR THEIR "SUPPORTED ORGANIZATIONS" TO BENEFIT THE LOCAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $464,732

UNITED WAY PROVIDES FUNDING TO NONPROFIT ORGANIZATIONS IN THE SURROUNDING AREAS. THE ACHIEVEMENTS ACCOMPLISHED ARE THE DISTRIBUTIONS OF MONEY COLLECTED TO THE NONPROFIT ORGANIZATIONS WHO PROVIDE...

UNITED WAY PROVIDES FUNDING TO NONPROFIT ORGANIZATIONS IN THE SURROUNDING AREAS. THE ACHIEVEMENTS ACCOMPLISHED ARE THE DISTRIBUTIONS OF MONEY COLLECTED TO THE NONPROFIT ORGANIZATIONS WHO PROVIDE DIFFERENT TYPES OF ASSISTANCE TO INDIVIDUALS IN THE AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $729,320

Program Service Revenue $28,170

Investment Income $85,018

Other Revenue $0

TOTAL REVENUE $842,508

Expense Breakdown

Grants Paid $301,600

Salaries & Benefits $110,341

Fundraising Expenses $50,339

Program Expenses $464,732

Other Expenses $168,574

TOTAL EXPENSES $580,515

Year-over-Year Comparison

	2024	2023	Change
Revenue	$842,508	$751,609	+0.1%
Expenses	$580,515	$558,040	+0.0%
Net Income	$261,993	$193,569	+0.4%

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

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
PATRICK CRADDOCK	PRESIDENT	N/A	Officer Director	$0	$0	$0
TUCKER NALL	1ST VICE PRE	N/A	Officer Director	$0	$0	$0
KENYATTA SIMMONS	2ND VICE PRE	N/A	Officer Director	$0	$0	$0
STACY SHAW	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
AMANDA THOMAS	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
SCOTT BLAKE	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
MICHEL BRYAN	DIRECTOR	N/A	Director	$0	$0	$0
PAULA DAVENPORT	DIRECTOR	N/A	Director	$0	$0	$0
RILEY GOREE	DIRECTOR	N/A	Director	$0	$0	$0
LIZI ARBOGAST GWIN	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL HOWELL	DIRECTOR	N/A	Director	$0	$0	$0
JESSICA LOCKE	DIRECTOR	N/A	Director	$0	$0	$0
DAVID STOVER	DIRECTOR	N/A	Director	$0	$0	$0
BRIDGET THORNELL	DIRECTOR	N/A	Director	$0	$0	$0
JADEN TUCK	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
ADAM WADE	DIRECTOR	N/A	Director	$0	$0	$0
DENISE WALLS	DIRECTOR	N/A	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	$842,508	$580,515	$2,420,108	$261,993
2023	$751,609	$558,040	$2,109,891	$193,569
2022	$583,053	$492,928	$1,852,228	$90,125
2022	$583,186	$492,259	$1,837,715	$90,927
2021	$642,272	$552,556	$2,014,442	$89,716
2020	$569,910	$601,749	$1,789,498	$-31,839
2019	$564,831	$609,937	$1,657,363	$-45,106
2018	$632,460	$598,185	$1,560,424	$34,275