LAKE AREA COMMUNITY DEVELOPMENT CORPORATION (EIN 842117643) - 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

2019

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

LAKE AREA COMMUNITY DEVELOPMENT CORPORATION, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $250K in total revenue in fiscal year 2022. The organization ran a surplus of $227K, a strong 91% operating margin.

Mission

TO IMPLEMENT PROGRAMS, EDUCATION, AND RESOURCES REGARDING HOUSING FOR THE LAKE AREA COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $250,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $250,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,063

Other Expenses $23,063

TOTAL EXPENSES $23,063

Year-over-Year Comparison

	2022	2021	Change
Revenue	$250,000	N/A	N/A
Expenses	$23,063	N/A	N/A
Net Income	$226,937	N/A	N/A

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	Role	Reportable Comp	Other Comp	Total
RON YARBROUGH	DIRECTOR	Director	$0	$0	$0
STEVE DUST	DIRECTOR	Director	$0	$0	$0
JENNIFER HART	DIRECTOR	Director	$0	$0	$0
AMBER SMITH	DIRECTOR	Director	$0	$0	$0
APRIL MOORE	DIRECTOR	Director	$0	$0	$0
MARK SHELLENBERG	DIRECTOR	Director	$0	$0	$0
DAVID PAYNE	DIRECTOR	Director	$0	$0	$0
GERRY MURAWSKI	DIRECTOR	Director	$0	$0	$0
JENNIFER PRESBERRY	DIRECTOR	Director	$0	$0	$0
JOANNE POPE	DIRECTOR	Director	$0	$0	$0
ROGER CORBIN	VICE CHAIRPERSON	Officer	$0	$0	$0
RICHARD ROSS	CHAIRPERSON	Officer	$0	$0	$0
BRIAN THOMPSON	TREASURER	Officer	$0	$0	$0
ED THOMAS	SECRETARY	Officer	$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	$250,000	$23,063	$238,053	$226,937

LAKE AREA COMMUNITY DEVELOPMENT CORPORATION