OUT ON THE LAKESHORE (EIN 813619194) - 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

PHIL QUINN

Phone

6169948090

Tax Period

2024-01-01 to 2024-12-31

OUT ON THE LAKESHORE, founded in 2016, is a small nonprofit in the Civil Rights & Advocacy sector that reported $178K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $225K exceeded revenue, resulting in a 26% operating deficit.

Mission

OUR MISSION IS TO PROVIDE A CONSTANT SOURCE OF SUPPORT AND UNDERSTANDING TO THE LGBTQ COMMUNITY OF THE GREATER HOLLAND AREA. WE SEEK TO CREATE A COMMUNITY IN WHICH ALL PERSONS ARE AFFORDED EQUAL RIGHTS AND OPPORTUNITIES. WE STRIVE TO PROVIDE THE EDUCATION, EVENTS AND RESOURCES NECESSARY TO FOSTER UNDERSTANDING, AND TO ADVOCATE WITHIN HOLLAND FOR A COMMUNITY THAT ACCEPTS AND EMBRACES ALL.

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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 $178,294

Program Service Revenue $0

Investment Income $44

Other Revenue $0

TOTAL REVENUE $178,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,455

Fundraising Expenses $0

Program Expenses $224,476

Other Expenses $137,116

TOTAL EXPENSES $224,571

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,338	$250,113	-0.3%
Expenses	$224,571	$149,316	+0.5%
Net Income	$-46,233	$100,797	-1.5%

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
CATHY ANTHOFER-FIALON	DIRECTOR	N/A	Director	$0	$0	$0
LEAH COOPER	SECRETARY	N/A	Officer Director	$0	$0	$0
SARAH YORE-VAN OOSTERHOUT ESQ	VICE CHAIR	N/A	Officer Director	$0	$0	$0
BILL EUREKA	DIRECTOR	N/A	Director	$0	$0	$0
JONI GIBSON	DIRECTOR	N/A	Director	$0	$0	$0
LARRY JACKSON	DIRECTOR	N/A	Director	$0	$0	$0
HEATHER MARTIN	TREASURER	N/A	Officer Director	$0	$0	$0
PHIL QUINN	CHAIR	N/A	Officer Director	$0	$0	$0
JESS TRUSTY	DIRECTOR	N/A	Director	$0	$0	$0
NATALIE WILLIAMS	DIRECTOR	N/A	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	$178,338	$224,571	$174,338	$-46,233
2023	$250,113	$149,316	$220,926	$100,797

OUT ON THE LAKESHORE