LAKEWEST REVITALIZATION FOUNDATION INC (EIN 752459212) - 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

TROY BROUSSARD

Phone

2149518300

Tax Period

2021-01-01 to 2021-12-31

LAKEWEST REVITALIZATION FOUNDATION INC, founded in 1993, is a micro nonprofit that reported $14K in total revenue in fiscal year 2021. Expenses of $9.9M exceeded revenue, resulting in a 68948% operating deficit.

Mission

SINCE THE UNDERLYING PROPERTY WAS SOLD, THE ORGANIZATION DISSOLVED IN 2021.

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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 $0

Investment Income $14,279

Other Revenue $0

TOTAL REVENUE $14,279

Expense Breakdown

Grants Paid $9,857,963

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,858,386

Other Expenses $1,378

TOTAL EXPENSES $9,859,341

Year-over-Year Comparison

	2021	2020	Change
Revenue	$14,279	$-520,774	-1.0%
Expenses	$9,859,341	$12,120	+812.5%
Net Income	$-9,845,062	$-532,894	+17.5%

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

$680,053

Total Directors

$1,160,696

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARRVEL WILSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHETANA CHAPHEKAR	TRUSTEE	1.00	Director	$0	$27,245	$301,242
DEBBIE QUITUGUA	TRUSTEE	1.00	Director	$0	$24,378	$179,401
TIMOTHY J LOTT	SECRETARY/TREASURER	1.00	Officer Director	$0	$33,408	$200,332
TROY BROUSSARD	PRESIDENT	1.00	Officer Director	$0	$45,767	$479,721

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	$14,279	$9,859,341	No data	$-9,845,062
2020	$-520,774	$12,120	$9,845,062	$-532,894
2019	$7,947,620	$551,810	$10,377,956	$7,395,810
2018	$1,388,058	$1,220,274	$7,457,861	$167,784

LAKEWEST REVITALIZATION FOUNDATION INC