LAKE SERENITY INC (EIN 261473192) - 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

2007

Legal Domicile

Principal Officer

MILLICENT BINGHAM

Phone

9017597284

Tax Period

2023-07-01 to 2024-06-30

LAKE SERENITY INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $165K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $246K exceeded revenue, resulting in a 49% operating deficit.

Mission

PROVIDES HOUSING TO LOW INCOME ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

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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 $0

Program Service Revenue $161,742

Investment Income $3,554

Other Revenue $0

TOTAL REVENUE $165,296

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,077

Fundraising Expenses $0

Program Expenses $217,644

Other Expenses $224,540

TOTAL EXPENSES $245,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$165,296	$141,504	+0.2%
Expenses	$245,617	$210,813	+0.2%
Net Income	$-80,321	$-69,309	+0.2%

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

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
JESSE HORTON SR	CEO	N/A	Officer Director	$0	$0	$0
MILLICENT BINGHAM	PRESIDENT	N/A	Officer Director	$0	$0	$0
KEISHA WINDHAM	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CLIFFORD ARD	TREASURER	N/A	Officer Director	$0	$0	$0
VALERIE JOHNSON	SECRETARY	N/A	Officer Director	$0	$0	$0
OLA JAMES	BOARD MEMBER	N/A	Director	$0	$0	$0
RUSSELL JOHNSON	BOARD MEMBER	N/A	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
2025	No data	No data	No data	No data
2024	$165,296	$245,617	$1,766,955	$-80,321
2023	$141,504	$210,813	$1,829,171	$-69,309
2022	$138,364	$182,949	$1,888,518	$-44,585
2021	$133,262	$175,822	$1,949,797	$-42,560
2020	$135,748	$179,898	$1,978,784	$-44,150
2019	$133,941	$190,010	$2,070,228	$-56,069

LAKE SERENITY INC