LAKE CHAMPLAIN PHYSICIAN SERVICES PC (EIN 273785445) - 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

2010

Legal Domicile

Principal Officer

DR LISA MARK

Phone

5185612000

Tax Period

2023-10-01 to 2024-09-30

LAKE CHAMPLAIN PHYSICIAN SERVICES PC, founded in 2010, is a micro nonprofit in the Health Care sector that reported $444 in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $37K exceeded revenue, resulting in a 8281% operating deficit.

Mission

LAKE CHAMPLAIN PHYSICIAN SERVICES, P.C. IS A PROFESSIONAL SERVICES COMPANY FORMED TO FURTHER THE CHARITABLE PURPOSES OF CHAMPLAIN VALLEY PHYSICIANS' HOSPITAL MEDICAL CENTER THROUGH PROVIDING MEDICAL SERVICES TO THE COMMUNITY.

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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 $444

Investment Income $0

Other Revenue $0

TOTAL REVENUE $444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,211

Other Expenses $37,211

TOTAL EXPENSES $37,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$444	$2,550	-0.8%
Expenses	$37,211	$1,258	+28.6%
Net Income	$-36,767	$1,292	-29.5%

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

N/A

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

$2,038,431

Total Directors

$937,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WOUTER JAN RIETSEMA MD	SHAREHOLDER/MEMBER	2.00	Officer Director	$0	$80,914	$424,234
DR LISA MARK	CHIEF MEDICAL OFFICER	2.00	Officer Director	$0	$50,610	$513,106
MICHELLE LEBEAU	PRESIDENT/COO	2.00	Officer	$0	$113,166	$723,849
MATEJ KOLLAR	VP/CFO	2.00	Officer	$0	$53,305	$377,242
CHRISTOPHER HICKEY	FORMER SVP/CFO	20.00		$0	$36,772	$249,128

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	$444	$37,211	$20,000	$-36,767
2023	$2,550	$1,258	$90,284	$1,292
2022	$22,264	$86,297	$90,276	$-64,033
2021	$235,741	$288,623	$248,126	$-52,882
2020	$24,555	$135,395	$28,921	$-110,840
2019	$1,264,413	$1,257,591	$240,082	$6,822
2018	$861,953	$936,669	$310,445	$-74,716

LAKE CHAMPLAIN PHYSICIAN SERVICES PC