LAKE COUNTY COMMUNITY DEVELOPMENT … - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

JAN TUSICK

Phone

4066765901

Tax Period

2024-07-01 to 2025-06-30

LAKE COUNTY COMMUNITY DEVELOPMENT CORP, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $940K, a strong 34% operating margin.

Mission

TO STRENGTHEN COMMUNITIES AND FOSTER ECONOMIC PROSPERITY ACROSS LAKE, SANDERS, AND MINERAL COUNTIES

Program Service Accomplishments

Program 1

Expenses: $1,238,938 Revenue: $157,950

PROVIDE ASSISTANCE TO AREA ENTITIES TO FACILITATE THE DEVELOPMENT OF RURAL BUSINESSES TO CREATE JOB OPPORTUNITIES AND ECONOMIC DEVELOPMENT WITHIN LAKE, SANDERS, AND MINERAL COUNTIES.

Program 2

Expenses: $133,039 Revenue: $348,206

PROVIDE RESOURCES THROUGH A REVOLVING LOAN FUND FOR LAKE AND SANDERS COUNTIES RURAL BUSINESSES FOR BUSINESS EXPANSION AND DEVELOPMENT.

Program 3

Expenses: $121,638 Revenue: $6,970

PROJECT MANAGEMENT FUNDS ARE ACTIVITIES ASSOCIATED WITH MANAGING FUNDS, CONTRACTS OR GRANTS ON BEHALF OF LOCAL GOVERNMENT AND/OR OTHER NON-PROFIT ORGANIZATIONS.

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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 $2,103,334

Program Service Revenue $355,176

Investment Income $114,164

Other Revenue $189,492

TOTAL REVENUE $2,762,166

Expense Breakdown

Grants Paid $16,300

Salaries & Benefits $919,716

Fundraising Expenses $0

Program Expenses $1,493,615

Other Expenses $885,956

TOTAL EXPENSES $1,821,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,762,166	$2,442,320	+0.1%
Expenses	$1,821,972	$2,094,049	-0.1%
Net Income	$940,194	$348,271	+1.7%

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

$92,199

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROXANNE DUCKWORTH	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAY PRESTON	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
KIMBERLY SASSAMAN	PAST SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CARISSA MCNAMARA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE STANLEY	DIRECTOR	1.00	Director	$0	$0	$0
DAN ROWAN	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MANGAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DOLSON	DIRECTOR	1.00	Director	$0	$0	$0
MORIAH LUNDEEN	DIRECTOR	1.00	Director	$0	$0	$0
ROMAN ZYLAWY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN CRAIN	DIRECTOR	1.00	Director	$0	$0	$0
SJAAN VINCENT	DIRECTOR	1.00	Director	$0	$0	$0
JAN TUSICK	EXECUTIVE DIRECTOR	40.00	Officer	$89,514	$2,685	$92,199

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	$2,762,166	$1,821,972	$14,174,066	$940,194
2024	$2,442,320	$2,094,049	$9,147,946	$348,271
2023	$2,727,876	$2,212,835	$8,909,385	$515,041
2022	$2,376,944	$2,122,157	$8,061,823	$254,787
2021	$2,268,505	$2,092,049	$7,713,759	$176,456
2020	$1,337,830	$1,624,418	$6,560,333	$-286,588
2019	$1,450,589	$1,436,555	$6,740,804	$14,034
2018	$1,250,730	$1,317,829	$6,578,984	$-67,099

LAKE COUNTY COMMUNITY DEVELOPMENT CORP