LACER Foundation

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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

2020

Legal Domicile

Principal Officer

Daniel Niemann

Phone

3105050054

Tax Period

2020-03-23 to 2021-03-22

LACER Foundation, founded in 2020, is a small nonprofit that reported $644K in total revenue in fiscal year 2020. The organization ran a surplus of $117K, a strong 18% operating margin.

Mission

LACER Foundation provides welfare assistance to individuals who work as non-employee independent contractors at The Los Angeles Country Club the "beneficiaries" who at times face significant need due to their inability to work or other circumstances. At times needs include medical and health-related services or insurance. LACER Foundation is an all-volunteer organization with no paid employees.

Program Service Accomplishments

Program 1

Expenses: $525,000 Revenue: $643,604

Welfare assistance to the beneficiaries facing significant financial need due to their inability to work and other circumstances.

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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 (2020)

Revenue Breakdown

Contributions & Grants $643,604

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $643,604

Expense Breakdown

Grants Paid $525,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $525,000

Other Expenses $1,229

TOTAL EXPENSES $526,229

Year-over-Year Comparison

	2020	2019	Change
Revenue	$643,604	$643,604	N/A
Expenses	$526,229	$526,229	N/A
Net Income	$117,375	$117,375	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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Niemann	Director Chairman President	4.00	Officer Director	$0	$0	$0
Adam Beatty	Director Secretary	2.00	Officer Director	$0	$0	$0
John Callaghan	Director	2.00	Director	$0	$0	$0
Jay Lavender	Director	2.00	Director	$0	$0	$0
John Morrissey	Director	2.00	Director	$0	$0	$0
Patrick Niemann Sr	Director Treasurer	2.00	Officer Director	$0	$0	$0
Robert Sacks	Director Vice President	2.00	Officer 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
2021	$643,604	$526,229	$117,375	$117,375
2021	$340,073	$306,139	$151,309	$33,934
2020	$643,604	$526,229	$117,375	$117,375