KEN LACHANCE FUND INC (EIN 811504097) - 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

2016

Legal Domicile

Principal Officer

ANDREW GROSS

Phone

8475858743

Tax Period

2024-01-01 to 2024-12-31

KEN LACHANCE FUND INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $159K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $280K exceeded revenue, resulting in a 76% operating deficit.

Mission

THE PURPOSE OF THE FUND IS TO PROVIDE LIMITED FINANCIAL ASSISTANCE TO ELIGIBLE COLLEAGUES WHO ARE EXPERIENCING UNFORESEEABLE ECONOMIC HARDSHIP DUE TO CERTAIN EMERGENCY SITUATIONS.

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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 $135,836

Program Service Revenue $0

Investment Income $23,250

Other Revenue $0

TOTAL REVENUE $159,086

Expense Breakdown

Grants Paid $278,448

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $278,448

Other Expenses $1,071

TOTAL EXPENSES $279,519

Year-over-Year Comparison

	2024	2023	Change
Revenue	$159,086	$177,840	-0.1%
Expenses	$279,519	$205,434	+0.4%
Net Income	$-120,433	$-27,594	+3.4%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
L JENNIFER HILBER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ANDREW GROSS	TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS E FOSTER	SECRETARY	1.00	Officer Director	$0	$0	$0
BARRY YATZOR	DIRECTOR	1.00	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	$159,086	$279,519	$521,437	$-120,433
2023	$177,840	$205,434	$641,870	$-27,594
2022	$148,223	$205,306	$672,149	$-57,083
2021	$163,449	$158,675	$726,547	$4,774
2020	$388,673	$150,675	$721,773	$237,998
2019	$183,598	$127,288	$483,775	$56,310
2018	$252,467	$45,384	$427,465	$207,083

KEN LACHANCE FUND INC