THE LAKES REGION MENTAL HEALTH CENTER INC (EIN 020272138) - 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

1966

Legal Domicile

Principal Officer

MARGARET PRITCHARD

Phone

6035241100

Tax Period

2023-07-01 to 2024-06-30

THE LAKES REGION MENTAL HEALTH CENTER INC, founded in 1966, is a mid-sized nonprofit in the Mental Health sector that reported $17.1M in total revenue in fiscal year 2023.

Mission

THE LAKES REGION MENTAL HEALTH CENTER'S MISSION IS TO PROVIDE INTEGRATED MENTAL AND PHYSICAL HEALTH CARE FOR PEOPLE WITH MENTAL ILLNESS WHILE CREATING WELLNESS AND UNDERSTANDING, IN OUR COMMUNITIES.

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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 $3,366,811

Program Service Revenue $13,488,713

Investment Income $168,889

Other Revenue $67,609

TOTAL REVENUE $17,092,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,041,442

Fundraising Expenses $0

Program Expenses $15,158,644

Other Expenses $3,159,455

TOTAL EXPENSES $17,200,897

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,092,022	$16,855,751	+0.0%
Expenses	$17,200,897	$16,517,205	+0.0%
Net Income	$-108,875	$338,546	-1.3%

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

216

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

$737,686

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VLADIMIR JELNOV MD	MEDICAL DIRE	60.00	Officer	$331,870	$25,868	$357,738
MARK WAGNER	PSYCHIATRIST	50.00	Highest	$273,174	$9,522	$282,696
MARGARET PRITCHARD	EXECUTIVE DI	50.00	Officer	$195,859	$25,868	$221,727
SUNSHINE FISK	CFO	50.00	Officer	$138,409	$19,812	$158,221
PATRICIA BAILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARSHA BOURDON	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY CHASE	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA LEMIEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER MINKOW	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KYRIL MITCHELL	TREASURER	1.00	Officer Director	$0	$0	$0
ANN NICHOLS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN ORTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH PENDERGAST	BOARD MEMBER	1.00	Director	$0	$0	$0
KAITLYN SALOME	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT SOZA	BOARD MEMBER	1.00	Director	$0	$0	$0
JANNINE SUTCLIFFE	BOARD MEMBER	1.00	Director	$0	$0	$0
GLORIA THORINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY WHITMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
REV JUDITH WRIGHT	SECRETARY	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$17,092,022	$17,200,897	$15,876,510	$-108,875
2023	$16,855,751	$16,517,205	$15,992,368	$338,546
2022	$16,794,140	$15,738,874	$16,534,727	$1,055,266
2021	$18,841,874	$15,439,805	$15,543,228	$3,402,069
2020	$14,974,923	$14,166,375	$12,733,067	$808,548
2019	$13,416,641	$13,637,334	$9,773,622	$-220,693

THE LAKES REGION MENTAL HEALTH CENTER INC