LAKE ERIE FOUNDATION (EIN 813042803) - 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

Principal Officer

JAMES STOUFFER

Phone

8005511592

Tax Period

2023-01-01 to 2023-12-31

LAKE ERIE FOUNDATION, founded in 2016, is a small nonprofit in the Environment sector that reported $262K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $43K, a strong 16% operating margin.

Mission

CREATE AND MAINTAIN A HEALTHY LAKE ERIE NOW AND FOREVER AS DEFINED BY DRINKABLE WATER, RECREATIONAL CONTACT AND EDIBLE FISH.

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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 $261,258

Program Service Revenue $0

Investment Income $868

Other Revenue $0

TOTAL REVENUE $262,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,436

Fundraising Expenses $0

Program Expenses $175,358

Other Expenses $117,131

TOTAL EXPENSES $219,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$262,126	$944,951	-0.7%
Expenses	$219,567	$229,972	0.0%
Net Income	$42,559	$714,979	-0.9%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE ALEXAKOS	SECRETARY	2.00	Officer Director	$0	$0	$0
KEN ALVEY	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW V FISHER	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
LARRY FLETCHER	TREASURER	2.00	Officer Director	$0	$0	$0
RICK GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
PETER HUSTON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL KLEIN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LIPAJ	DIRECTOR	1.00	Director	$0	$0	$0
LEONARD PARTIN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WINSLOW PHD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES STOUFFER	PRESIDENT	3.00	Officer Director	$0	$0	$0
RON WYSS	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	No data	No data	No data	No data
2023	$262,126	$219,567	$962,769	$42,559
2022	$944,951	$229,972	$977,496	$714,979
2021	$206,924	$151,610	$262,190	$55,314
2020	$166,712	$157,287	$195,712	$9,425
2019	$253,637	$201,156	$178,562	$52,481
2018	$159,061	$142,769	$125,378	$16,292

LAKE ERIE FOUNDATION