Friends of Lakewood (EIN 943041320) - 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

1986

Legal Domicile

Principal Officer

Justin Henderson

Phone

2535844106

Tax Period

2024-01-01 to 2024-12-31

Friends of Lakewood, founded in 1986, is a community nonprofit in the Environment sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $4.5M represent 53 months of operating reserves.

Mission

Lakewold Gardens strives to provide equitable access to provides intentional encounters with the life-changing power of nature fostering peace creativity and healing in our communities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $747,838

Program Service Revenue $87,833

Investment Income $143,017

Other Revenue $37,399

TOTAL REVENUE $1,016,087

Expense Breakdown

Grants Paid $0

Salaries & Benefits $533,120

Fundraising Expenses $93,015

Program Expenses $796,191

Other Expenses $569,804

TOTAL EXPENSES $1,102,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,016,087	$1,156,436	-0.1%
Expenses	$1,102,924	$1,262,806	-0.1%
Net Income	$-86,837	$-106,370	-0.2%

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

$55,756

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dwight S Williams	Predident	10.00	Officer Director	$0	$0	$0
Gwen Gill	Treasurer	10.00	Officer Director	$0	$0	$0
Phyllis Griggs	Secretary	2.00	Officer Director	$0	$0	$0
Trevor Kovich	Board Member	2.00	Director	$0	$0	$0
Charles Hyde III	Board Member	2.00	Director	$0	$0	$0
Lori Scharmach	Board Member	4.00	Director	$0	$0	$0
Gayle Hampton-Smith	Board Member	2.00	Director	$0	$0	$0
Mickey Portnoy	Board Member	2.00	Director	$0	$0	$0
Lisa Hoffman	Board Member	4.00	Director	$0	$0	$0
Phil Eng	Board Member	2.00	Director	$0	$0	$0
Justin Henderson	Executive Director	40.00	Officer	$52,615	$3,141	$55,756

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	$1,016,087	$1,102,924	$4,813,822	$-86,837
2023	$1,156,436	$1,262,806	$2,388,112	$-106,370
2022	$1,483,623	$1,234,357	$2,449,915	$249,266
2022	$1,483,623	$1,234,357	$2,449,915	$249,266
2021	$1,016,543	$1,028,766	$2,245,343	$-12,223
2020	$785,185	$831,579	$2,205,589	$-46,394
2019	$752,911	$612,293	$4,369,504	$140,618

Friends of Lakewood