Lake Cares Inc (EIN 264223345) - 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

2009

Legal Domicile

Principal Officer

Kelsey Gonzalez

Phone

3523830100

Tax Period

2024-01-01 to 2024-12-31

Lake Cares Inc, founded in 2009, is a community nonprofit in the Human Services sector that reported $4.2M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $787K, a strong 19% operating margin.

Mission

Lake Cares food panty in Mount Dora, FL has establshed itself as a strategic resource to support the needs of hungry families that have been hit by unforeseem and unfortunate circumstances.

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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 $4,132,641

Program Service Revenue $0

Investment Income $0

Other Revenue $78,741

TOTAL REVENUE $4,211,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $374,735

Fundraising Expenses $99,822

Program Expenses $3,145,407

Other Expenses $3,049,951

TOTAL EXPENSES $3,424,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,211,382	$6,619,951	-0.4%
Expenses	$3,424,686	$3,335,413	+0.0%
Net Income	$786,696	$3,284,538	-0.8%

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

Volunteers

289

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

$98,700

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Pease IV	President	1.00	Officer Director	$0	$0	$0
Heather McPherson	VP	1.00	Officer Director	$0	$0	$0
Sharon Smith	Secretary	1.00	Officer Director	$0	$0	$0
Michelle Villani	Treasurer	1.00	Officer Director	$0	$0	$0
Chuck Babino	Director	1.00	Director	$0	$0	$0
Ben Stofferahn	Director	1.00	Director	$0	$0	$0
Cathy Hoechst	Director	1.00	Director	$0	$0	$0
Willie Hawkins	Director	1.00	Director	$0	$0	$0
Bobby Rowe	Director	1.00	Director	$0	$0	$0
Hamor Massey	Director	1.00	Director	$0	$0	$0
Kristy Marden	Director	1.00	Director	$0	$0	$0
Peter Marini	Director	1.00	Director	$0	$0	$0
Kyle Blackston	Director	1.00	Director	$0	$0	$0
Leslie Campione	Director	1.00	Director	$0	$0	$0
David Nye	Director	1.00	Director	$0	$0	$0
Kelsey Gonzalez	Executive Director	40.00	Key Emp	$98,700	$0	$98,700

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	$4,211,382	$3,424,686	$8,218,974	$786,696
2023	$6,619,951	$3,335,413	$5,513,122	$3,284,538
2022	$3,057,724	$2,877,953	$2,388,033	$179,771
2021	$2,512,867	$2,462,326	$2,203,101	$50,541
2020	$3,512,813	$2,343,616	$2,154,692	$1,169,197
2019	$1,827,567	$1,906,882	$1,020,834	$-79,315
2018	$1,677,088	$1,615,658	$1,110,670	$61,430

Lake Cares Inc