FAMILY PROMISE OF THE LAKESHORE (EIN 262655248) - 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

2008

Legal Domicile

Principal Officer

KRISTEN SMITH

Phone

2137478855

Tax Period

2024-01-01 to 2024-12-31

FAMILY PROMISE OF THE LAKESHORE, founded in 2008, is a small nonprofit in the Human Services sector that reported $317K in total revenue in fiscal year 2024.

Mission

PROVIDE EMERGENCY SHELTER AND SUPPORT FOR HOMELESS FAMILIES

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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 $271,177

Program Service Revenue $0

Investment Income $12,634

Other Revenue $33,607

TOTAL REVENUE $317,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,093

Fundraising Expenses $3,424

Program Expenses $220,439

Other Expenses $116,359

TOTAL EXPENSES $309,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$317,418	$294,718	+0.1%
Expenses	$309,452	$286,958	+0.1%
Net Income	$7,966	$7,760	+0.0%

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

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

Volunteers

517

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

$48,925

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTEN J SMITH	EXECUTIVE DIRECTOR	35	Officer	$48,925	$0	$48,925
GUNNAR CARLSON	PRESIDENT	0.25	Officer Director	$0	$0	$0
CARL BERGMAN	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
BETTYE JO ZIELINSKI	TREASURER	0.25	Officer Director	$0	$0	$0
BONNIE BERGMAN	SECRETARY	0.25	Officer Director	$0	$0	$0
DOUG WOOD	BOARD MEMBER	0.25	Director	$0	$0	$0
SHEILA WAHAMIKI	BOARD MEMBER	0.25	Director	$0	$0	$0
NICOLE DARCY	BOARD MEMBER	0.25	Director	$0	$0	$0
DWAYNE RILEY	BOARD MEMBER	0.25	Director	$0	$0	$0
TAMMY TOMPKINS	BOARD MEMBER	0.25	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
2024	$317,418	$309,452	$290,098	$7,966
2023	$294,718	$286,958	$279,896	$7,760
2022	$200,366	$252,314	$257,840	$-51,948
2021	$395,341	$164,865	$314,114	$230,476

FAMILY PROMISE OF THE LAKESHORE