LAKERIDGE VILLAGE INC (EIN 204986314) - 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

2006

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

LAKERIDGE VILLAGE INC, founded in 2006, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PROVIDES RECOVERY SERVICES FOR CONSUMERS REFERRED BY THE DETROIT WAYNE COMMUNITY MENTAL HEALTH AUTHORITY. LAKERIDGE VILLAG HAS A PROGRAM THAT FEEDS THE NEEDY, HUNGRY AND HOMELESS BIWIEEKLY IN PARTNERSHIP FORGOTTEN HARVEST

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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 $1,439,698

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,439,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,390,264

Other Expenses $1,453,154

TOTAL EXPENSES $1,453,154

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,439,698	$1,271,366	+0.1%
Expenses	$1,453,154	$1,375,366	+0.1%
Net Income	$-13,456	$-104,000	-0.9%

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

N/A

Employees

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
LAVERNE WILLIAMS	PRESIDENT	40.00	Officer	$0	$0	$0
EDDIE WILLAMS	VP	40.00	Officer	$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	$1,770,680	$1,133,541	$1,139,417	$637,139
2024	$1,439,698	$1,453,154	$11,013	$-13,456
2023	$1,265,257	$1,082,682	$502,788	$182,575
2023	$1,265,257	$1,082,682	$502,788	$182,575
2023	$1,271,366	$1,375,366	$39,397	$-104,000
2022	$1,216,502	$1,215,651	$207,518	$851
2021	$391,657	$296,437	$169,201	$95,220
2020	$468,010	$449,016	$161,428	$18,994
2018	$818,298	$728,081	$500,611	$90,217

LAKERIDGE VILLAGE INC