LAKE TO RIVER FOUNDATION INC (EIN 990785502) - 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

2023

Legal Domicile

Principal Officer

CHARLES GEORGE

Phone

3308668973

Tax Period

2024-01-01 to 2024-12-31

LAKE TO RIVER FOUNDATION INC, founded in 2023, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2024. The organization ran a surplus of $816K, a strong 43% operating margin.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, RELIGIOUS, OR LITERARY PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 INCLUDING, WITHOUT LIMITATION, TO ENABLE THE LAKE TO RIVER REGION OF EASTERN OHIO, WHICH INCLUDES THE COUNTIES OF ASHTABULA, TRUMBULL, MAHONING, AND COLUMBIANA, TO MEET ECONOMIC DEVELOPMENT GOALS BY MAINTAINING FOCUS AND SUSTAINED EFFORT TOWARD STRATEGIC INITIATIVES, PRIORITIZING AND ALLOCATING RESOURCES, AND ENFORCING ACCOUNTABILITY, FOR THE PURPOSE OF IMPROVING THE PROSPERITY OF THE REGION.

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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 $1,893,331

Program Service Revenue $0

Investment Income $96

Other Revenue $0

TOTAL REVENUE $1,893,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $425,503

Fundraising Expenses $0

Program Expenses $1,077,453

Other Expenses $651,950

TOTAL EXPENSES $1,077,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,893,427	N/A	N/A
Expenses	$1,077,453	N/A	N/A
Net Income	$815,974	N/A	N/A

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
CHARLES GEORGE	CHAIR	2.00	Officer	$0	$0	$0
ANTHONY TREVENA	VICE PRESIDE	2.00	Officer	$0	$0	$0
PENNY TRAINA	TREASURER	2.00	Officer	$0	$0	$0
MATT BLAIR	SECRETARY	2.00	Officer	$0	$0	$0
GUY COVIELLO	MEMBER	1.00	Director	$0	$0	$0
DAVE JOHNSON	MEMBER	1.00	Director	$0	$0	$0
JAMES MAYER	MEMBER	1.00	Director	$0	$0	$0
GREG MYERS	MEMBER	1.00	Director	$0	$0	$0
JONATHAN BRIDGES	MEMBER	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	$1,893,427	$1,077,453	$821,785	$815,974

LAKE TO RIVER FOUNDATION INC