LADY LIGHTNING GOLD INC

EIN: 874573956 501(c)(3) Recreation & Sports

MOCKSVILLE, NC

Total Revenue
$693,101
Total Expenses
$642,439
Total Assets
$132,335
Net Assets
$132,335
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NC
Principal Officer
JOHN CORN
Phone
6513731651
Tax Period
2023-09-01 to 2024-08-31

LADY LIGHTNING GOLD INC, founded in 2022, is a small nonprofit in the Recreation & Sports sector that reported $693K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $642K left a modest 7% surplus.

Mission

TO CULTIVATE WELL ROUNDED YOUNG ATHLETES THROUGH MECHANICAL DEVELOPMENT, LEADERSHIP TRAINING AND TEAMWORK. TO BUILD CHARACTER THROUGH PERSEVERANCE, ACCOUNTABILITY, WORK ETHIC, COMMITMENT, DISCIPLINE AND DEDICATION. TO DEVELOP STRONG COMMUNICATION SKILLS WITH TEAMMATES, COACHES, OFFICIALS AND OPPONENTS. TO INTRODUCE PLAYERS TO FUNDRAISING, ENTREPRENEURIALISM AND COMMUNITY PARTICIPATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $123,786
Program Service Revenue $569,315
Investment Income $0
Other Revenue $0
TOTAL REVENUE $693,101

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $4,566
Program Expenses $633,638
Other Expenses $642,439
TOTAL EXPENSES $642,439

Year-over-Year Comparison

2023 2022 Change
Revenue $693,101 $560,722 +0.2%
Expenses $642,439 $516,644 +0.2%
Net Income $50,662 $44,078 +0.1%
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
N/A
Employees
N/A
Volunteers
46

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
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN CORN PRESIDENT N/A
Officer Director
$0 $0 $0
MICHELLE CORN TREASURER N/A
Officer Director
$0 $0 $0
BROOKE DEMARCO SECRETARY N/A
Officer Director
$0 $0 $0
SARAH GENZ STRATEGIC IN N/A
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 $693,101 $642,439 $132,335 $50,662
2023 $560,722 $516,644 $81,673 $44,078
2022 $283,872 $246,277 $37,595 $37,595
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