Lawrence County Regional Chamber Foundation

EIN: 812061570 501(c)(3)

New Castle, PA

Total Revenue
$68,000
Total Expenses
$303,724
Total Assets
$336,205
Net Assets
$29,405
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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
PA
Principal Officer
John Cournan
Tax Period
2022-01-01 to 2022-12-31

Lawrence County Regional Chamber Foundation, founded in 2016, is a micro nonprofit that reported $68K in total revenue in fiscal year 2022. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $304K exceeded revenue, resulting in a 347% operating deficit.

Mission

To transform lives by serving as a creative force that promotes excellence in leadership, coordination, and orderly business development activities

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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 (2022)

Revenue Breakdown

Contributions & Grants $68,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $68,000

Expense Breakdown

Grants Paid $294,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $294,441
Other Expenses $9,724
TOTAL EXPENSES $303,724

Year-over-Year Comparison

2022 2021 Change
Revenue $68,000 $551,531 -0.9%
Expenses $303,724 $286,121 +0.1%
Net Income $-235,724 $265,410 -1.9%
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
10
Independent Members
10
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephen Sant Director 1.00
Director
$0 $0 $0
John Greenwood Director 1.00
Director
$0 $0 $0
Craig Bicehouse Director 1.00
Director
$0 $0 $0
Stephen Vitale Director 1.00
Director
$0 $0 $0
Loretta Spielvogel Director 1.00
Director
$0 $0 $0
Justin Bruce Director 1.00
Director
$0 $0 $0
Jonathan Bruce Vice President 1.00
Officer Director
$0 $0 $0
John Cournan President 1.00
Officer Director
$0 $0 $0
Frank Moses Treasurer 1.00
Officer Director
$0 $0 $0
Mark Tomaszewski Secretary 1.00
Officer 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
2022 $68,000 $303,724 $336,205 $-235,724
2021 $551,531 $286,121 $265,129 $265,410
2020 $146,366 $236,600 $125,469 $-90,234
2019 $308,182 $234,794 $250,740 $73,388
2018 $275,000 $259,791 $44,733 $15,209
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