LAKES REGION COMMUNITY SERVICES CO… - Form 990 Financial Data

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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

1975

Legal Domicile

Principal Officer

SHELLEY KELLEHER

Phone

6035248811

Tax Period

2023-07-01 to 2024-06-30

LAKES REGION COMMUNITY SERVICES COUNCIL INC, founded in 1975, is a mid-sized nonprofit in the Human Services sector that reported $24.1M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

LAKES REGION COMMUNITY SERVICES COUNCIL IS DEDICATED TO SERVING THE COMMUNITY BY PROMOTING INDEPENDENCE, DIGNITY AND OPPORTUNITY. LRCSC CURRENTLY SERVES OVER 1,200 INDIVIDUALS AND FAMILIES. LRCSC SERVES INDIVIDUALS FROM BIRTH THROUGHOUT THEIR LIFESPAN, PROVIDING A VARIETY OF SUPPORTS, SUCH AS EARLY INTERVENTION, RESOURCE COORDINATION, FAMILY SUPPORT, SELF-DIRECTED SERVICES, RESIDENTIAL SUPPORTS, EMPLOYMENT AND DAY SUPPORT, ELDER SERVICES, AND OPERATES A FAMILY RESOURCE CENTER. LRCSC HAS A STRONG EMPHASIS ON COMMUNITY DEVELOPMENT, FAMILY SUPPORT, AND EARLY CHILDHOOD PROGRAMS. IN AN ATTEMPT TO SUPPORT INDIVIDUALS AND THEIR FAMILIES IN THE COMMUNITIES IN WHICH THEY LIVE, LRCSC HAS ITS MAIN OFFICE IN DOWNTOWN LACONIA AND A SATELLITE OFFICE IN PLYMOUTH.

Program Service Accomplishments

Program 1

Expenses: $6,963,339 Revenue: $6,083,582

COMMUNITY RESIDENCES - SEE SCHEDULE OCOMMUNITY RESIDENCES - LAKES REGION COMMUNITY SERVICES COUNCIL CONTINUES IN ITS EVOLUTION TO BE A FULLY COMMUNITY-BASED INDIVIDUALIZED AND FAMILY SUPPORT...

COMMUNITY RESIDENCES - SEE SCHEDULE OCOMMUNITY RESIDENCES - LAKES REGION COMMUNITY SERVICES COUNCIL CONTINUES IN ITS EVOLUTION TO BE A FULLY COMMUNITY-BASED INDIVIDUALIZED AND FAMILY SUPPORT ORGANIZATION. THE SPECIALIZED SUPPORT TEAM PROVIDES RESIDENTIAL AND DAY SERVICES TO INDIVIDUALS WITH DISABILITIES WHO ARE MEDICALLY FRAGILE AND/OR HAVE CHALLENGES WITH THEIR BEHAVIOR.

Program 2

Expenses: $4,248,859 Revenue: $5,362,887

ENHANCED FAMILY CARE - SEE SCHEDULE OENHANCED FAMILY CARE - LAKES REGION COMMUNITY SERVICES CONTRACTS WITH OVER 50 FAMILIES TO PROVIDE PRIMARILY ADULT FOSTER CARE TO APPROXIMATELY 100 INDIVIDUALS...

ENHANCED FAMILY CARE - SEE SCHEDULE OENHANCED FAMILY CARE - LAKES REGION COMMUNITY SERVICES CONTRACTS WITH OVER 50 FAMILIES TO PROVIDE PRIMARILY ADULT FOSTER CARE TO APPROXIMATELY 100 INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES AND/OR ACQUIRED BRAIN DISORDERS. THESE FAMILIES ARE REALLY THERE FOR THE LONG HAUL, IN THERE FOR THE GOOD, THE BAD, THROUGH THICK AND THIN. THEY HAVE OPENED THEIR HOMES, HEARTS, LIVES AND FAMILIES TO MANY AND HAVE SUCH A PROFOUND IMPACT ON INDIVIDUALS, THEIR FAMILIES, THE ORGANIZATION AND THE COMMUNITIES WHERE THEY LIVE. MANY OF THE SHARED FAMILY LIVING HOME PROVIDERS HAVE SIGNIFICANT LONGEVITY AS SUCH. THE ORGANIZATION PLACES GREAT EMPHASIS ON IDENTIFYING COMPATIBLE LIFESTYLES AND INTERESTS BETWEEN THE INDIVIDUAL AND THE FAMILY AND CREDITS THIS AS THE KEY TO THE SUCCESS AND LONGEVITY. IN THE END, THE INDIVIDUAL HAS THE OPPORTUNITY TO SHARE LIFE WITH A FAMILY. STRONG, CONSISTENT RELATIONSHIPS COME FROM BEING SUPPORTED BY THE SAME PEOPLE DAY IN AND DAY OUT. THE PROVIDER FAMILY EXPERIENCES THE JOY THAT COMES FROM GIVING.

Program 3

Expenses: $5,640,131 Revenue: $5,038,931

FAMILY SUPPORT - SEE SCHEDULE OFAMILY SUPPORT - LAKES REGION COMMUNITY SERVICES COUNCIL CONTINUES IN ITS EVOLUTION TO BE A FULLY COMMUNITY-BASED FAMILY SUPPORT ORGANIZATION. AS PART OF FAMILY...

FAMILY SUPPORT - SEE SCHEDULE OFAMILY SUPPORT - LAKES REGION COMMUNITY SERVICES COUNCIL CONTINUES IN ITS EVOLUTION TO BE A FULLY COMMUNITY-BASED FAMILY SUPPORT ORGANIZATION. AS PART OF FAMILY SUPPORT, A CASE MANAGER HELPS FAMILIES MAKE THE MOST OF THEIR BENEFITS, PROGRAMS, AND SERVICES AVAILABLE TO THEM. THE FAMILY SUPPORT COUNCIL PROVIDES ACCESS TO ADDITIONAL COMMUNITY RESOURCES AND FUNDING FOR FAMILIES.

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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 $1,242,591

Program Service Revenue $20,448,802

Investment Income $54,087

Other Revenue $2,357,846

TOTAL REVENUE $24,103,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,451,007

Fundraising Expenses $214,894

Program Expenses $22,790,266

Other Expenses $11,447,801

TOTAL EXPENSES $25,898,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,103,326	$31,556,060	-0.2%
Expenses	$25,898,808	$31,535,069	-0.2%
Net Income	$-1,795,482	$20,991	-86.5%

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

369

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

$339,228

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE CHASE	PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY LEMAY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEANIN ONOS	TREASURER	1.00	Officer Director	$0	$0	$0
LYNN HILBRUNNER	SECRETARY	1.00	Officer Director	$0	$0	$0
R STUART WALLACE	PAST BOARD PRESIDENT	1.00	Director	$0	$0	$0
MARGARET SELIG	DIRECTOR	1.00	Director	$0	$0	$0
RANDY PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD CROCKER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS COSTIGAN JR	DIRECTOR	1.00	Director	$0	$0	$0
KURT CHRISTENSEN	DIRECTOR	1.00	Director	$0	$0	$0
KIRK BEATTIE	DIRECTOR	1.00	Director	$0	$0	$0
EMILY FORTSON	DIRECTOR	1.00	Director	$0	$0	$0
MARTI ILG	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW CANFIELD	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA BRYANT	PRESIDENT AND CEO	37.50	Officer	$165,635	$27,516	$193,151
SHELLEY KELLEHER	VICE PRESIDENT AND CFO	37.50	Officer	$140,634	$5,443	$146,077

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	$24,103,326	$25,898,808	$10,434,173	$-1,795,482
2023	$31,556,060	$31,535,069	$10,981,444	$20,991
2022	$30,580,604	$30,239,991	$11,804,151	$340,613
2021	$31,465,688	$31,244,097	$12,722,094	$221,591
2020	$27,501,808	$27,557,723	$12,721,646	$-55,915
2019	$25,460,224	$25,444,477	$9,131,145	$15,747

LAKES REGION COMMUNITY SERVICES COUNCIL INC