LCN TITLE HOLDING CORPORATION NFP

EIN: 811312240 Community Improvement

CHICAGO, IL

Total Revenue
$528,338
Total Expenses
$687,163
Total Assets
$31,163,956
Net Assets
$490,336
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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
2016
Legal Domicile
IL
Principal Officer
LARRY MCKAY
Phone
7732764900
Tax Period
2023-01-01 to 2023-12-31

LCN TITLE HOLDING CORPORATION NFP, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $528K in total revenue in fiscal year 2023. Expenses of $687K exceeded revenue, resulting in a 30% operating deficit.

Mission

LCN TITLE HOLDING CORPORATION NFP OPERATED EXCLUSIVELY FOR THE CHARITABLE PORPUSE OF HOLDING TITLE TO OR LEASHEHOLD INTEREST IN PROPERTY AND COLLECTING RESIDENTIAL AND COMMERCIAL RENTAL INCOME FROM THAT PROPERTY AND TURNING OVER THE INCOME, LESS EXPENSES TO LA CASA NORTE

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $528,307
Investment Income $31
Other Revenue $0
TOTAL REVENUE $528,338

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $687,163
TOTAL EXPENSES $687,163

Year-over-Year Comparison

2023 2022 Change
Revenue $528,338 $528,360 0.0%
Expenses $687,163 $697,395 0.0%
Net Income $-158,825 $-169,035 -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

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Governance

Voting Members
14
Independent Members
14
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
5
$198,576
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSE MUNOZ EXECUTIVE DIRECTOR 1.00
Officer
$0 $0 $198,576
JULIO RODIGUEZ BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
JUAN PABLO PRIETO BOARD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRISTIAN YOUNG BOARD TREASURER 1.00
Officer Director
$0 $0 $0
JEANNETTE A COLYVAS BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN ANGLISS BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN COON BOARD MEMBER 1.00
Director
$0 $0 $0
VANESSA HALL BOARD MEMBER 1.00
Director
$0 $0 $0
HOWARD HAYES BOARD MEMBER 1.00
Director
$0 $0 $0
GUSTAVO MAGNO BOARD MEMBER 1.00
Director
$0 $0 $0
KEITH DECKER BOARD MEMBER 1.00
Director
$0 $0 $0
JUAN MORADO JR BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINA TRIBBIA BOARD MEMBER 1.00
Director
$0 $0 $0
MICK SOLIMENE BOARD MEMBER 1.00
Director
$0 $0 $0
LARRY MCKAY VICE PRESIDENT OF FINANCE AND OPERATIONS 40.00
Highest
$0 $0 $141,636
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 $528,338 $687,163 $31,163,956 $-158,825
2022 $528,360 $697,395 $19,085,178 $-169,035
2021 $528,392 $675,083 $19,670,994 $-146,691
2021 $528,391 $675,083 $19,670,994 $-146,692
2020 $528,920 $686,197 $19,378,676 $-157,277
2019 $532,396 $468,444 $21,108,026 $63,952
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