LCHC QALICB INC (EIN 815453995) - 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

2017

Legal Domicile

Principal Officer

KRISTIN BLANCHARD STEARNS

Phone

9207836633

Tax Period

2023-06-01 to 2024-05-31

LCHC QALICB INC, founded in 2017, is a community nonprofit in the Health Care sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 2088% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 90% operating margin.

Mission

TO SUPPORT THE MISSION OF LAKESHORE COMMUNITY HEALTH CARE, INC.

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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 $0

Program Service Revenue $84,000

Investment Income $2,374,172

Other Revenue $0

TOTAL REVENUE $2,458,172

Expense Breakdown

Grants Paid $50,350

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $191,157

Other Expenses $205,852

TOTAL EXPENSES $256,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,458,172	$112,358	+20.9%
Expenses	$256,202	$360,499	-0.3%
Net Income	$2,201,970	$-248,141	-9.9%

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

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

$230,701

Total Directors

$230,701

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTIN BLANCHARD STEARNS	PRESIDENT	1.00	Officer Director	$0	$46,555	$230,701
LEIGHANNE MATTER-JENSEN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL BAUER	BOARD MEMBER	1.00	Director	$0	$0	$0
CINDY DROSS	BOARD MEMBER	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	$2,458,172	$256,202	No data	$2,201,970
2023	$112,358	$360,499	$5,191,435	$-248,141
2022	$96,006	$367,689	$5,427,254	$-271,683
2021	$108,018	$409,500	$5,686,614	$-301,482
2020	$76,298	$366,877	$5,975,774	$-290,579
2019	$517,343	$371,212	$6,254,031	$146,131
2018	$444,038	$313,135	$6,581,652	$130,903

LCHC QALICB INC