LEMMON FOUNDATION INC

EIN: 873896134 501(c)(3) Community Improvement

CANTON, OH

Total Revenue
$258,377
Total Expenses
$891,384
Total Assets
$5,099,067
Net Assets
$5,099,067
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
OH
Principal Officer
WILLIAM J LEMMON
Phone
3304543426
Tax Period
2024-01-01 to 2024-12-31

LEMMON FOUNDATION INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $258K in total revenue in fiscal year 2024. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $891K exceeded revenue, resulting in a 245% operating deficit.

Mission

THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, AND TO CARRY OUT THE PURPOSE OF STARK COMMUNITY FOUNDATION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $258,377
Other Revenue $0
TOTAL REVENUE $258,377

Expense Breakdown

Grants Paid $815,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $815,500
Other Expenses $75,884
TOTAL EXPENSES $891,384

Year-over-Year Comparison

2024 2023 Change
Revenue $258,377 $1,630,106 -0.8%
Expenses $891,384 $564,746 +0.6%
Net Income $-633,007 $1,065,360 -1.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM J LEMMON PRESIDENT 1.00
Officer Director
$0 $0 $0
LEO E DOYLE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
THOMAS W WINKHART SECRETARY/TREASURER 1.00
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
2024 $258,377 $891,384 $5,099,067 $-633,007
2023 $1,630,106 $564,746 $5,442,709 $1,065,360
2022 $4,004,031 $18,664 $4,006,833 $3,985,367
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