LAKEWOOD STUDY SQUARE INC (EIN 862715496) - 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

2021

Legal Domicile

Principal Officer

MARK TRESS

Phone

7323709294

Tax Period

2023-01-01 to 2023-12-31

LAKEWOOD STUDY SQUARE INC, founded in 2021, is a small nonprofit in the Human Services sector that reported $274K in total revenue in fiscal year 2023. Revenue surged 145% from the prior year, signaling strong growth momentum. Expenses of $699K exceeded revenue, resulting in a 155% operating deficit.

Mission

TO PROVIDE A WIDE RANGE OF PROGRAMS AND SERVICES TO LAKEWOOD'S OLDER ADULTS AT THEIR SENIOR CENTER. THESE ADULTS BENEFIT FROM SOCIAL INTERACTION DURING THE DAY,WHICH ALLOWS MEMBERS TO STAY SAFE, ACTIVE, HEALTHY AND INDEPENDENT.

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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 $274,175

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $274,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,817

Fundraising Expenses $117,315

Program Expenses $542,354

Other Expenses $670,273

TOTAL EXPENSES $699,090

Year-over-Year Comparison

	2023	2022	Change
Revenue	$274,175	$112,115	+1.4%
Expenses	$699,090	$71,085	+8.8%
Net Income	$-424,915	$41,030	-11.4%

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

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
CHAIM ROTTENBERG	TRUSTEE	1.00	Director	$0	$0	$0
HANNAH STEFANSKY	SECRETARY	20.00	Director	$0	$0	$0
MARK TRESS	PRESIDENT	2.00	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	No data	No data	No data	No data
2023	$274,175	$699,090	$5,131,923	$-424,915
2022	$112,115	$71,085	$43,477	$41,030

LAKEWOOD STUDY SQUARE INC