LAKE AVENUE FOUNDATION INC DBA STARS ILLUMINATE EDUCATE ADVOCATE (EIN 954847950) - 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

2001

Legal Domicile

Principal Officer

MATUMAINI TAYLOR

Phone

6264494960

Tax Period

2023-10-01 to 2024-09-30

LAKE AVENUE FOUNDATION INC DBA STARS ILLUMINATE EDUCATE ADVOCATE, founded in 2001, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 4% surplus.

Mission

TO BE A COMMUNITY THAT AFFIRMS, EQUIPS AND EMBOLDENS YOUNG PEOPLE TO PURSUE A LIFE OF PURPOSE, SERVICE AND MEANING

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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 $1,152,923

Program Service Revenue $111,909

Investment Income $7,739

Other Revenue $310,402

TOTAL REVENUE $1,582,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,029,411

Fundraising Expenses $132,807

Program Expenses $1,134,666

Other Expenses $491,191

TOTAL EXPENSES $1,520,602

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,582,973	$1,380,497	+0.1%
Expenses	$1,520,602	$1,665,750	-0.1%
Net Income	$62,371	$-285,253	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAZEL PERERA	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ADOABI GWACHAM	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY ENG	TREASURER	2.00	Officer Director	$0	$0	$0
CHARLIE PLOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
CARLA BOYKIN	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS VALLES	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE WEAVER-GOLLER	SECRETARY	2.00	Director	$0	$0	$0
CLARISSA WEIRICK	DIRECTOR	1.00	Officer Director	$0	$0	$0
JODEAN GIESE	DIRECTOR	1.00	Director	$0	$0	$0
ROSIRIS PANIAGUA	DIRECTOR	1.00	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	$1,582,973	$1,520,602	$981,775	$62,371
2023	$1,380,497	$1,665,750	$749,463	$-285,253
2022	$1,469,663	$1,529,983	$1,029,983	$-60,320
2021	$1,944,241	$1,340,959	$1,062,944	$603,282
2020	$1,265,124	$1,229,221	$575,230	$35,903
2019	$1,056,608	$1,056,230	$413,620	$378
2018	$1,037,797	$964,221	$423,355	$73,576

LAKE AVENUE FOUNDATION INC DBA STARS ILLUMINATE EDUCATE ADVOCATE