LAKERIDGE VILLAGE INC

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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

2023-10-01 to 2024-09-30

LAKERIDGE VILLAGE INC, founded in 2006, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $637K, a strong 36% operating margin.

Mission

TO PROVIDE SAFE, THERAPEUTIC COMMUNITY WITH SUPPORTIVE SERVICES HELPING PEOPLE ACHIEVE AND MAINTAIN GOOD PHYSICAL AND MENTAL HEALTH.TO PROVIDE SAFE, THERAPEUTIC COMMUNITY WITH SUPPORTIVE SERVICES HELPING PEOPLE ACHIEVE AND MAINTAIN GOOD PHYSICAL AND MENTAL HEALTH.

Program Service Accomplishments

Program 1

IT IS WIDELY ACCEPTED THAT WHEN TREATING CO-OCCURING DISORDERS, MEDICALLY ASSISTED THERAPY (MAT) AND COGNITIVE BEHAVIORAL THERAPY WORK BEST WHEN UTILIZED TOGETHER. LCS HAS BEEN A CHAMPION IN ITS...

IT IS WIDELY ACCEPTED THAT WHEN TREATING CO-OCCURING DISORDERS, MEDICALLY ASSISTED THERAPY (MAT) AND COGNITIVE BEHAVIORAL THERAPY WORK BEST WHEN UTILIZED TOGETHER. LCS HAS BEEN A CHAMPION IN ITS EFFORTS TO ASSIST ADULTS RECOVER FROM SUBSTANCE USE DISORDER (SUD) AND CHRONIC MENTAL ILLNESS WITH AN EMPHASIS UPON A RECOVERY-ORIENTED SYSTEM OF CARE (ROSC). COMBINED WITH OUR COLLABORATIVE PARTNERS, WEVE PROVIDED INDIVIDUAL AMD GROUP THERAPY, SUPPORTED HOUSING AND OUTSOURCED MEDICATION ASSISTED TREATMENT (MAT) FOR SUD. LVC TREATMENTS ALSO INCLUDE COGNITIVE BEHAVIOR THERAPY (CBT), DIALECTICAL BEHAVIOR THERAPY (DBT) AND THE ZERO SUICIDE MODEL.

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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 $1,770,680

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,770,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $600,386

Fundraising Expenses $0

Program Expenses $1,133,541

Other Expenses $533,155

TOTAL EXPENSES $1,133,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,770,680	$1,265,257	+0.4%
Expenses	$1,133,541	$1,082,682	+0.0%
Net Income	$637,139	$182,575	+2.5%

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

N/A

Employees

1818

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAVERNE WILLIAMS	VICE PRESIDENT	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