Lakeshore Avenue Business Improvement District (EIN 943287252) - 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

1999

Legal Domicile

Principal Officer

Victoria Fong

Phone

5302105854

Tax Period

2024-01-01 to 2024-12-31

Lakeshore Avenue Business Improvement District, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $235K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

The organization's efforts enhance the attractiveness of the business district to shoppers and merchants through its maintenance, beautification and security programs.

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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 $7,600

Program Service Revenue $226,152

Investment Income $1,076

Other Revenue $550

TOTAL REVENUE $235,378

Expense Breakdown

Grants Paid $28,750

Salaries & Benefits $25,839

Fundraising Expenses $1,651

Program Expenses $236,769

Other Expenses $197,244

TOTAL EXPENSES $251,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$235,378	$209,557	+0.1%
Expenses	$251,833	$200,101	+0.3%
Net Income	$-16,455	$9,456	-2.7%

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

$26,331

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Racheal Knight-Scott	Co-Director	8.10	Officer	$14,356	$0	$14,356
Carol Knight	Co-Director	8.10	Officer	$11,975	$0	$11,975
Victoria Fong	Co-President	2.00	Officer Director	$0	$0	$0
Barry Gilbert	Co-President	2.00	Officer Director	$0	$0	$0
Phing Yamamoto	Vice President	2.00	Officer Director	$0	$0	$0
Kelsey Heath	Secretary	2.00	Officer Director	$0	$0	$0
Theresa Ellis	Treasurer	2.00	Officer Director	$0	$0	$0
Marissa Betts	Board Member	2.00	Director	$0	$0	$0
Joe Hawkins	Board Member	2.00	Director	$0	$0	$0
Walter Chui	Board Member	2.00	Director	$0	$0	$0
James Breeden	Board Member	2.00	Director	$0	$0	$0
Ilana Friedkin	Board Member	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	$235,378	$251,833	$11,613	$-16,455
2023	$209,557	$200,101	$50,490	$9,456

Lakeshore Avenue Business Improvement District