LAWRENCE RESTAURANT ASSOCIATION (EIN 850521042) - 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

2020

Legal Domicile

Principal Officer

KRISTIN MEISEL

Phone

9135587849

Tax Period

2022-01-01 to 2022-12-31

LAWRENCE RESTAURANT ASSOCIATION, founded in 2020, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $18K in total revenue in fiscal year 2022. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $23K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE LAWRENCE RESTAURANT ASSOCIATION (LRA) IS AN ASSEMBLY OF COMMERCIAL RESTAURANT OWNERS, EXECUTIVE CHEFS AND HOSPITALITY INDUSTRY PROFESSIONALS WHO WORK TOGETHER FOR THE BENEFIT OF LAWRENCE, KS AND DOUGLAS COUNTY, KS. LRA AIMS TO SUPPORT HOSPITALITY INDUSTRY WORKERS, OUR COMMUNITY, ECONOMY AND ENVIRONMENT WITHIN DOUGLAS COUNTY, KS THROUGH FUNDS, GRANTS AND COMMUNITY SUPPORT PROGRAMS. LRA WAS FOUNDED IN 2017 WITH PRINCIPAL FUNDRAISING ACTIVITIES BEGINNING IN 2020. THE HOSPITALITY WORKERS RELIEF FUND (RELIEF FUND) WAS ESTABLISHED BY LRA IN 2020 TO PROVIDE DIRECT AID TO UNEMPLOYED AND UNDEREMPLOYED SERVICE INDUSTRY WORKERS AS A RESULT OF THE COVID-19 PANDEMIC. LRA INTENDS TO MAINTAIN THE RELIEF FUND BEYOND THE RESOLUTION OF THE PANDEMIC TO PROVIDE EMERGENCY AID TO HOSPITALITY WORKERS EXPERIENCING UNFORESEEN FINANCIAL HARDSHIPS IN ADDITION TO OTHER COMMUNITY SUPPORT CAUSES SUCH AS HUNGER RELIEF, FOOD WASTE REDUCTION AND FUTURE PROGRAMS.

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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 $18,224

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $18,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,993

Other Expenses $22,608

TOTAL EXPENSES $22,608

Year-over-Year Comparison

	2022	2021	Change
Revenue	$18,224	$38,041	-0.5%
Expenses	$22,608	$159,370	-0.9%
Net Income	$-4,384	$-121,329	-1.0%

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

N/A

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
CODI BATES	VICE CHAIR &	N/A	Officer	$0	$0	$0
MARY HOLT	MEMBER	N/A	Officer	$0	$0	$0
LAURA KLEIN	SECRETARY	N/A	Officer	$0	$0	$0
MIKE LOGAN	MEMBER	N/A	Officer	$0	$0	$0
CHUCK MAGERL	MEMBER	N/A	Officer	$0	$0	$0
KRISTIN MEISEL	TREASURER	N/A	Officer	$0	$0	$0
NATE MORSCHES	MEMBER	N/A	Officer	$0	$0	$0
EMILY PETERSON	CHAIR	N/A	Officer	$0	$0	$0
RICK RENFRO	MEMBER	N/A	Officer	$0	$0	$0
PETE SORRENTINO	MEMBER	N/A	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	$18,224	$22,608	$14,538	$-4,384
2021	$38,041	$159,370	$18,912	$-121,329

LAWRENCE RESTAURANT ASSOCIATION