LC CENTRALETTES PARENTS ASSOCIATIO… - Form 990 Financial Data

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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

2022

Legal Domicile

Principal Officer

ADAM SIMAGA

Phone

3123844250

Tax Period

2023-01-01 to 2023-12-31

LC CENTRALETTES PARENTS ASSOCIATION INC, founded in 2022, is a small nonprofit in the Education sector that reported $217K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $206K left a modest 5% surplus.

Mission

TO SUPPORT LAKE CENTRAL HIGH SCHOOL DANCE TEAMS IN ORDER TO PROVIDE EDUCATION AND ORGANIZE AND HOST DANCE COMPETITIONS

Program Service Accomplishments

Program 1

Expenses: $197,101 Revenue: $140,788

PROVIDE SUPPORT FOR LAKE CENTRAL HIGH SCHOOL DANCE TEAMS IN ORDER TO HIRE CHOREOGRAPHERS AND INSTRUCTORS, ORGANIZE AND HOST DANCE COMPETITIONS, SUBSIDIZE TRAVEL COSTS TO COMPETITIONS, AND SUBSIDIZE...

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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 $0

Program Service Revenue $140,788

Investment Income $0

Other Revenue $76,655

TOTAL REVENUE $217,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $429

Program Expenses $197,101

Other Expenses $206,257

TOTAL EXPENSES $206,257

Year-over-Year Comparison

	2023	2022	Change
Revenue	$217,443	$142,550	+0.5%
Expenses	$206,257	$98,836	+1.1%
Net Income	$11,186	$43,714	-0.7%

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
ADAM SIMAGA	PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
MELANIE BERWANGER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BARB SABO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MELISSA RIPPE	SECRETARY	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	No data	No data	No data	No data
2023	$217,443	$206,257	$54,900	$11,186

LC CENTRALETTES PARENTS ASSOCIATION INC