Lorain Revitalization Association

Nonprofit profile at a glance

EIN
850793147
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Lorain, OH, USA
Phone
4408652421
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$167,396
Expenses
$134,590
Assets
$144,853
Liabilities
$3,687

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • SAMANTHA FLORES (VICE PRESIDENT)
  • MAX SCHAEFER (EXECUTIVE DIRECTOR)

People named in this filing

  • ALEXANDER BARTON (MEMBER)
  • LENA PARKS (TREASURER)
  • PAT MORRISSON (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Promote downtown lorain

What it reported doing in 2024

To promote collaboration and celebration as a means of making downtown lorain vibrant and accessible to residents and visitors of all ages

Operating model

Revenue model
Donor-supported. 77% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 82
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.3%; rating input score 64
  • Program expense ratio: 80%; rating input score 80

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 19.6%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 1.08; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 47.1%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 33.4% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 24.1% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 30.7% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 64.3% of revenue deployed · 80% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $108K in reported program spending
  • Leadership: top reported pay $0 · 21 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Officer compensation ratio scored 5/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.