LAKES TO LOCKS PASSAGE INC (EIN 810581546) - 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

2002

Legal Domicile

Principal Officer

JANET KENNEDY

Phone

5185979660

Tax Period

2023-01-01 to 2023-12-31

LAKES TO LOCKS PASSAGE INC, founded in 2002, is a micro nonprofit in the Community Improvement sector that reported $392 in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $10K exceeded revenue, resulting in a 2533% operating deficit.

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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 $390

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,418

Other Expenses $10,323

TOTAL EXPENSES $10,323

Year-over-Year Comparison

	2023	2022	Change
Revenue	$392	$460	-0.1%
Expenses	$10,323	$13,396	-0.2%
Net Income	$-9,931	$-12,936	-0.2%

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

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	Role	Reportable Comp	Other Comp	Total
RANDALL BEACH	President	Officer Director	$0	$0	$0
ANDY SAJOR	IST Vice President	Officer Director	$0	$0	$0
PETER REPAS	2ND VICE PRESIDENT	Officer Director	$0	$0	$0
WILLIAM JOHNSTON	Treasurer	Officer Director	$0	$0	$0
BRUCE FERGUSON	Secretary	Officer Director	$0	$0	$0
KRISTEN HANIFIN	Director	Director	$0	$0	$0
LISA HALL	Director	Director	$0	$0	$0
Mo O'Connell	Director	Director	$0	$0	$0
MARCIA O KEES	Director	Director	$0	$0	$0
WALT LENDER	Director	Director	$0	$0	$0
CARMELLA R MANTELLO	Director	Director	$0	$0	$0
JOHN T MCDONALD	Director	Director	$0	$0	$0
STEPHANIE SAFKA	Director	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
2023	$392	$10,323	$70,991	$-9,931
2022	$460	$13,396	$73,879	$-12,936
2021	$50,924	$44,798	$198,685	$6,126
2020	$165,761	$170,721	$202,208	$-4,960
2019	$333,968	$319,246	$219,521	$14,722
2018	$190,505	$203,550	$131,867	$-13,045

LAKES TO LOCKS PASSAGE INC