CEDAR LAKE - MONTICELLO PARKE INC

EIN: 261585616 501(c)(3) Human Services

LOUISVILLE, KY

Total Revenue
$83,246
Total Expenses
$117,501
Total Assets
$691,986
Net Assets
$672,868
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
KY
Principal Officer
MARGE WAUGH
Phone
5024954948
Tax Period
2024-01-01 to 2024-12-31

CEDAR LAKE - MONTICELLO PARKE INC, founded in 2007, is a micro nonprofit in the Human Services sector that reported $83K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $118K exceeded revenue, resulting in a 41% operating deficit.

Mission

CEDAR LAKE - MONTICELLO PARKE, INC. OFFERS SAFE & AFFORDABLE COMMUNITY-BASED HOUSING (SEE SCH. O). THE HOUSING IS OFFERED TO PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN THE METRO LOUISVILLE REGION AND THE LAGRANGE AREA OF KENTUCKY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $74,185
Investment Income $-12,612
Other Revenue $21,673
TOTAL REVENUE $83,246

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $89,181
Other Expenses $117,501
TOTAL EXPENSES $117,501

Year-over-Year Comparison

2024 2023 Change
Revenue $83,246 $100,960 -0.2%
Expenses $117,501 $118,092 0.0%
Net Income $-34,255 $-17,132 +1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
18

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
7
$557,285
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA ELLISON TREASURER 0.50
Officer Director
$0 $0 $0
NICK GARBER VICE CHAIRMAN 0.50
Officer Director
$0 $0 $0
BRUCE BEICKMAN CHAIRMAN 0.50
Officer Director
$0 $0 $0
ADAM WALDNER DIRECTOR 0.50
Director
$0 $0 $0
THERESA STIEBLING DIRECTOR 0.50
Director
$0 $0 $0
WENDY GONZALES DIRECTOR 0.50
Director
$0 $0 $0
CAIT CRENSHAW SECRETARY 0.50
Officer Director
$0 $0 $0
DEBORAH CAMPBELL DIRECTOR 0.50
Director
$0 $0 $0
JASON SQUIRES THRU 12024 CHIEF OPEARTING OFFICER (SEE SCH O) 1.00
Officer
$0 $930 $66,423
RICK DAVIS PRESIDENT & CEO (SEE SCH O) 0.50
Officer
$0 $11,133 $298,171
MARGARET WAUGH VP OF FINANCE (SEE SCH O) 1.00
Officer
$0 $19,952 $192,691
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 $83,246 $117,501 $691,986 $-34,255
2023 $100,960 $118,092 $725,490 $-17,132
2022 $55,841 $96,560 $759,475 $-40,719
2021 $100,450 $99,272 $779,063 $1,178
2020 $72,694 $97,082 $791,551 $-24,388
2019 $66,704 $99,631 $805,695 $-32,927
2018 $57,198 $92,886 $840,046 $-35,688
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