Lake Placid Food Pantry and Thrift Shop Inc (EIN 991938721) - 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

2024

Legal Domicile

Principal Officer

Pastor Jim Koenig

Phone

5183025099

Tax Period

2025-01-01 to 2025-12-31

Lake Placid Food Pantry and Thrift Shop Inc, founded in 2024, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $392K in total revenue in fiscal year 2025. Revenue surged 543% from the prior year, signaling strong growth momentum. The organization ran a surplus of $161K, a strong 41% operating margin.

Mission

Provide food, clothing, and services to those in need

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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 (2025)

Revenue Breakdown

Contributions & Grants $300,029

Program Service Revenue $92,058

Investment Income $0

Other Revenue $226

TOTAL REVENUE $392,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $190,284

Other Expenses $231,527

TOTAL EXPENSES $231,527

Year-over-Year Comparison

	2025	2024	Change
Revenue	$392,313	$60,980	+5.4%
Expenses	$231,527	N/A	N/A
Net Income	$160,786	$60,980	+1.6%

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

N/A

Employees

N/A

Volunteers

N/A

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
Jackie Kelly	At Large	3.00	Director	$0	$0	$0
Rick Preston	At Large	3.00	Director	$0	$0	$0
Kathleen Martens	At Large	2.00	Director	$0	$0	$0
Jessica Seyour	At Large	4.00	Director	$0	$0	$0
Father John Yonkovig	At Large	2.00	Director	$0	$0	$0
Linda Young	Executive Dir.	40.00	Director	$0	$0	$0
Susan Wells	Finance Admin	8.00	Director	$0	$0	$0
Pastor Jim Koenig	President	15.00	Officer	$0	$0	$0
Ed Dempsey	Treasurer	2.00	Officer	$0	$0	$0
Karen Armstrong	Secretary	4.00	Officer	$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
2025	$392,313	$231,527	$368,460	$160,786

Lake Placid Food Pantry and Thrift Shop Inc