BUCKEYE LAKE REGION CORPORATION

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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

RICHARD SMITH

Phone

7409644520

Tax Period

2024-01-01 to 2024-12-31

BUCKEYE LAKE REGION CORPORATION, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $9.2M in total revenue in fiscal year 2024. Revenue surged 2650% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.7M, a strong 94% operating margin.

Mission

UNIFY EFFORTS ACROSS EXISTING POLITICAL BOUNDARIES AND MARSHAL THE UNIQUE ASSETS OF THE BUCKEYE LAKE REGION.

Program Service Accomplishments

Program 1

Expenses: $395,720

EXPENSES RELATED TO THE PURPOSE OF BOOSTING THE ECONOMY, EMPLOYMENT, WATER QUALITY AND TOURISM IN THE BUCKEYE LAKE REGION.

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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 $9,120,973

Program Service Revenue $0

Investment Income $110,384

Other Revenue $0

TOTAL REVENUE $9,231,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,000

Fundraising Expenses $98,900

Program Expenses $395,720

Other Expenses $489,952

TOTAL EXPENSES $560,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,231,357	$335,724	+26.5%
Expenses	$560,952	$271,730	+1.1%
Net Income	$8,670,405	$63,994	+134.5%

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

$71,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE FORNATARO	EXECUTIVE DI	52.00	Officer	$71,000	$0	$71,000
SCOTT OWEN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
YAROMIR STEINER	VICE - CHAIR	5.00	Officer Director	$0	$0	$0
DUANE FLOWERS	SECRETARY	2.00	Officer Director	$0	$0	$0
KAREN COOKSTON	ASSISTANT SE	3.00	Officer Director	$0	$0	$0
DAVE LEVACY	TREASURER	3.50	Officer Director	$0	$0	$0
RICHARD SMITH	VICE TREASUR	6.00	Officer Director	$0	$0	$0
TIM RYAN	DIRECTOR	1.00	Director	$0	$0	$0
VINCE POPO	DRIECTOR	1.00	Director	$0	$0	$0
TERRY HORN	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA BENDLE	DIRECTOR	1.00	Director	$0	$0	$0
BARRY ZWICK	DIRECTOR	1.00	Director	$0	$0	$0
CASEY CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DAVE KESSLER	DIRECTOR	1.00	Director	$0	$0	$0
KEN MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
DON PINNELL	DIRECTOR	1.00	Director	$0	$0	$0
DOUG POORMAN	DIRECTOR	1.00	Director	$0	$0	$0
LISA STEWART	DIRECTOR	1.00	Director	$0	$0	$0
DICK WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
ANDY WOLFE	DIRECTOR	1.00	Director	$0	$0	$0
MISTY NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
RICK SINGER	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY LACHINI	DIRECTOR	1.50	Director	$0	$0	$0
BEN CARPENTER	DIRECTOR	1.50	Director	$0	$0	$0
LINDA GOODMAN	DIRECTOR	1.50	Director	$0	$0	$0
VALERIE MOCKUS	DIRECTOR	1.50	Director	$0	$0	$0
AMANDA LACKLEY	DIRECTOR	1.50	Director	$0	$0	$0
PAULA GREENE	DIRECTOR	1.50	Director	$0	$0	$0
SCOTT COFFEY	DIRECTOR	1.50	Director	$0	$0	$0
KIM RADULAVICH	DIRECTOR	1.50	Director	$0	$0	$0
BRODY KUHN	DIRECTOR	1.50	Director	$0	$0	$0
TERRY FISCHER	DIRECTOR	1.50	Director	$0	$0	$0
DARIA ARBORGAST	DIRECTOR	1.50	Director	$0	$0	$0
MATT BAUMANN	DIRECTOR	1.50	Director	$0	$0	$0
MARTY FINTA	DIRECTOR	1.50	Director	$0	$0	$0
CHRIS COHAGEN	DIRECTOR	1.50	Director	$0	$0	$0
JORDAN FROMM	DIRECTOR	1.50	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	$9,231,357	$560,952	$8,853,379	$8,670,405
2023	$335,724	$271,730	$98,708	$63,994
2022	$172,095	$194,465	$65,414	$-22,370
2021	$397,529	$434,338	$117,633	$-36,809
2020	$336,041	$280,389	$155,531	$55,652