LAKEVIEW HEALTH SERVICES 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

1978

Legal Domicile

Principal Officer

CATHY LOVEJOY

Phone

3157895501

Tax Period

2023-01-01 to 2023-12-31

LAKEVIEW HEALTH SERVICES INC, founded in 1978, is a mid-sized nonprofit in the Mental Health sector that reported $17.0M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

LAKEVIEW HEALTH SERVICES IS DEDICATED TO HELPING THOSE WE SERVE IDENTIFY AND ACHIEVE PERSONALLY MEANINGFUL LIFE GOALS AND TO REALIZE THEIR FULL POTENTIAL. WE PROVIDE SAFE, AFFORDABLE HOUSING AND SUPPORT TO PERSONS RECOVERING FROM MENTAL ILLNESS AND HEALTH CARE COORDINATION SERVICES TO INDIVIDUALS WITH CHRONIC MENTAL AND PHYSICAL HEALTH CHALLENGES.

Program Service Accomplishments

Program 1

Expenses: $7,389,050 Revenue: $6,850,673

RESIDENTIAL - RESIDENTIAL CARE FOR ADULTS DEALING WITH A MENTAL ILLNESS IN EITHER GROUP HOME OR APARTMENT SETTINGS. DAILY GUIDANCE AND SUPPORT IS PROVIDED TO ASSIST INDIVIDUALS TO REACH PERSONAL...

RESIDENTIAL - RESIDENTIAL CARE FOR ADULTS DEALING WITH A MENTAL ILLNESS IN EITHER GROUP HOME OR APARTMENT SETTINGS. DAILY GUIDANCE AND SUPPORT IS PROVIDED TO ASSIST INDIVIDUALS TO REACH PERSONAL GOALS AND DEVELOP LIFE MANAGEMENT SKILLS. CLIENTS - 213

Program 2

Expenses: $3,508,760 Revenue: $23,310

SUPPORTIVE HOUSING - ASSISTS INDIVIDUALS WITH INTEGRATION INTO THE COMMUNITY, SELECTION OF HOUSING AND BASIC HOUSEHOLD SET UP. SUPPORT AND GUIDANCE IS PROVIDED TO MAINTAIN STABLE HOUSING ON A LONG...

SUPPORTIVE HOUSING - ASSISTS INDIVIDUALS WITH INTEGRATION INTO THE COMMUNITY, SELECTION OF HOUSING AND BASIC HOUSEHOLD SET UP. SUPPORT AND GUIDANCE IS PROVIDED TO MAINTAIN STABLE HOUSING ON A LONG TERM BASIS. CLIENTS - 382

Program 3

Expenses: $1,662,073 Revenue: $1,556,926

CARE MANAGEMENT - PROVIDES SUPPORT AND ASSISTANCE WITH INDIVIDUALS INVOLVED WITH A REHABILITATION PROCESS IN ORDER TO CONTINUE TO LIVE INDEPENDENTLY IN THE COMMUNITY. ASSISTANCE IS PROVIDED TO...

CARE MANAGEMENT - PROVIDES SUPPORT AND ASSISTANCE WITH INDIVIDUALS INVOLVED WITH A REHABILITATION PROCESS IN ORDER TO CONTINUE TO LIVE INDEPENDENTLY IN THE COMMUNITY. ASSISTANCE IS PROVIDED TO ADULTS,CHILDREN AND YOUTH TO LINK TO SERVICES SUCH AS MEDICAL, LEGAL, EMPLOYMENT, AND EDUCATION. CLIENTS - 610

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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 $6,359,012

Program Service Revenue $8,336,014

Investment Income $841,650

Other Revenue $1,420,877

TOTAL REVENUE $16,957,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,235,088

Fundraising Expenses $1,415

Program Expenses $14,257,883

Other Expenses $7,361,991

TOTAL EXPENSES $16,597,079

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,957,553	$14,479,956	+0.2%
Expenses	$16,597,079	$14,952,663	+0.1%
Net Income	$360,474	$-472,707	-1.8%

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

203

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

$437,804

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER BUTTON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANTHONY LISTER	VICE CHAIRMAN /SECRETARY	1.00	Officer Director	$0	$0	$0
ANITA MAROSCHER	TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS KIME	DIRECTOR	1.00	Director	$0	$0	$0
JASON FEINBERG MD	DIRECTOR	1.00	Director	$0	$0	$0
MARIA GIGLIOTTI	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN CONNELY	DIRECTOR	1.00	Director	$0	$0	$0
APRIL HABERYAN	DIRECTOR	1.00	Director	$0	$0	$0
HARRY MERRYMAN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$172,000	$6,731	$178,731
NAOMI GLEASON	CHIEF FINANCIAL OFFICER	40.00	Officer	$127,765	$13,472	$141,237
CATHERINE LOVEJOY	CHIEF PROGRAM OFFICER	40.00	Officer	$105,584	$12,252	$117,836

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	No data	No data	No data	No data
2023	$16,957,553	$16,597,079	$22,526,271	$360,474
2022	$14,479,956	$14,952,663	$20,884,640	$-472,707
2021	$14,247,484	$13,231,196	$20,519,525	$1,016,288
2020	$13,513,038	$13,272,987	$19,956,327	$240,051
2019	$12,168,635	$12,116,121	$18,533,798	$52,514
2018	$11,998,542	$11,692,258	$17,186,185	$306,284