LAKESIDE MEMORIAL HOSPITAL INC (EIN 160743068) - 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

1939

Legal Domicile

Principal Officer

PATRICIA HAYLES

Phone

5853956095

Tax Period

2024-01-01 to 2024-12-31

LAKESIDE MEMORIAL HOSPITAL INC, founded in 1939, is a micro nonprofit in the Health Care sector that reported $1K in total revenue in fiscal year 2024. Revenue surged 129% from the prior year, signaling strong growth momentum. Expenses of $24K exceeded revenue, resulting in a 2002% operating deficit.

Mission

ORIGINALLY TO PROVIDE A FULL RANGE OF HOSPITAL/MEDICAL SERVICES TO THE GENERAL PUBLIC; THE HOSPITAL CEASED OPERATIONS IN APRIL OF 2013.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $415

Other Revenue $720

TOTAL REVENUE $1,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $23,861

TOTAL EXPENSES $23,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,135	$496	+1.3%
Expenses	$23,861	$10,296	+1.3%
Net Income	$-22,726	$-9,800	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA HAYLES	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
KATHLEEN PETERSON	BOARD SECRETARY	3.00	Officer Director	$0	$0	$0
CRAIG ZICARI	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL RAFF OD	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH CARUSO	DIRECTOR	2.00	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
2024	$1,135	$23,861	$1,441,545	$-22,726
2023	$496	$10,296	$1,464,271	$-9,800
2022	$681	$9,932	$1,474,071	$-9,251
2021	$9,979	$11,192	$1,483,322	$-1,213
2020	$5,565	$22,349	$1,485,453	$-16,784
2019	$146,878	$49,345	$1,501,740	$97,533
2018	No data	$14,489	$1,546,475	No data

LAKESIDE MEMORIAL HOSPITAL INC