Lsp Corporation
Nonprofit profile at a glance
- EIN
- 222827314
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Dunkirk, NY, USA
- Phone
- 7163661111
- Rating confidence
- Limited
Reported finances
- Revenue
- $0
- Expenses
- $69,389
- Assets
- $512,851
- Liabilities
- $809,384
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- KENNETH MORRIS (PRESIDENT/CEO)
People named in this filing
- CHRISTOPHER LANSKI (CHAIRMAN)
- JAMES WILD MD (CHAIRMAN ELECT)
- LOUIS DIPALMA (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Providing space for healthcare in rural area
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 24
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 7.39; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 1.58; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -3.2% per year; rating input score 0; 42nd percentile among comparable filings
- Revenue growth: -54% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: -5.1% per year; rating input score 0; 21st percentile among comparable filings
Details
- Where the money goes: 100% of spending went to programs
- Governance: 11 of 11 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $69K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 4 filed schedules
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Growth: Asset growth scored 0/100.