LAFONTAINE CENTER INC (EIN 311025386) - 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

1981

Legal Domicile

Principal Officer

STUART HARTMAN

Phone

5622575100

Tax Period

2024-06-01 to 2025-05-31

LAFONTAINE CENTER INC, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $793K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $186K, a strong 23% operating margin.

Mission

LAFONTAINE CENTER, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 66 UNIT PROJECT KNOWN AS LAFONTAINE CENTER LOCATED IN HUNTINGTON, INDIANA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $584,738

Program Service Revenue $175,114

Investment Income $22,740

Other Revenue $10,591

TOTAL REVENUE $793,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $508,665

Other Expenses $607,217

TOTAL EXPENSES $607,217

Year-over-Year Comparison

	2024	2023	Change
Revenue	$793,183	$926,622	-0.1%
Expenses	$607,217	$652,112	-0.1%
Net Income	$185,966	$274,510	-0.3%

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

$182,283

Total Directors

Key Employees

$5,992,363

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARTMAN STUART J	PRESIDENT/CEO	0.20	Key Emp	$0	$76,739	$770,133
AMBERG ROBERT R	EXECUTIVE VP GEN COUNSEL	0.20	Key Emp	$0	$54,717	$530,647
ROSSELLO FRANK JR	CFO AND VP OF FINANCE	0.20	Key Emp	$0	$30,494	$488,122
FARD BOBBY J	VP ACQUIS AND PROJ DEV	0.20	Key Emp	$0	$26,130	$326,600
ESCANDON YURI ANDREW	VP HOUSING OPERATIONS	0.20	Key Emp	$0	$55,605	$322,377
GILCHRIST KEVIN DARRELL	VP DEV FIN & ASSET MGMT	0.20	Key Emp	$0	$58,557	$317,115
BATTAGLIA NADA	VP HUMAN RESOURCES	0.20	Key Emp	$0	$53,518	$306,215
TITUS STEPHANIE L	VP PHILANTHROPY/CSO	0.20	Key Emp	$0	$58,388	$310,109
KING DIANE D	COMPL AND PRIVACY OFFICER	0.20	Key Emp	$0	$22,228	$259,898
MAGNONE VINCENT B	VP TREASURY & INVSTMT OFF	0.20	Key Emp	$0	$21,761	$254,783
CLOW JOHN C	VP RISK MANAGEMENT	0.20	Key Emp	$0	$22,289	$248,543
MICKELSON LAVONNE R	DIR OF AFFORD HOUSING OPS	0.20	Key Emp	$0	$4,875	$209,677
STECKBECK KENT	BUDGET & ANALYTICS DIR	0.20	Key Emp	$0	$5,371	$206,102
PHELPS LORI ANN	INFO SYSTEMS DIRECTOR	0.20	Key Emp	$0	$5,944	$204,059
ROBINSON TINA M	VP HOUSING ACCOUNTING	0.20	Key Emp	$0	$21,124	$214,780
HALL MAGGIE W	ASSOCIATE COUNSEL	0.20	Key Emp	$0	$23,477	$212,890
CHUNG DEAN H	CONTROLLER	0.20	Key Emp	$0	$31,777	$213,671
SANCHEZ OMAR E	CONSTRUCTION MANAGER SR	0.20	Key Emp	$0	$15,920	$199,550
SILVA JOANNE L	VP OCCUPANCY & TAX CREDIT	0.20	Key Emp	$0	$28,973	$212,522
FOX LAURA L	CORPORATE SECRETARY	0.20	Officer	$0	$18,022	$182,283
RAGON CHRISTY ANN	VP OF COMMUNICATIONS	0.20	Key Emp	$0	$23,388	$184,570
RICANO PEGGY	ACCT MANAGER EXEMPT	0.20	Highest	$0	$20,771	$180,914
INGRAO SALVATORE A	DEVEL ACCOUNTING DIR	0.20	Highest	$0	$15,918	$173,401
YOUNG SEESEE	INTERNAL AUDIT DIRECTOR	0.20	Highest	$0	$4,876	$163,864
DO THANH-THANH	ACCT MANAGER EXEMPT	0.20	Highest	$0	$20,165	$173,627
PORTER JR NEWMAN RUSH	ENTITLEMENT PROJ MANAGER	0.20	Highest	$0	$19,865	$167,531
ROSE MELDRUM	PRESIDENT	0.20	Officer Director	$0	$0	$0
BILL MILLER	TREASURER	0.20	Officer Director	$0	$0	$0
WILFORD A HAHN	PRESIDENT	0.20	Officer Director	$0	$0	$0
JEAN GERNAND	DIRECTOR	0.20	Director	$0	$0	$0
MONTE DAVIS	DIRECTOR	0.20	Director	$0	$0	$0
LISA HOCKEMEYER	DIRECTOR	0.20	Director	$0	$0	$0
SEE SCHEDULE JO SALARY	DISCLOSURE - PGS 35 & 37	0.00	Officer	$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	$793,183	$607,217	$1,811,537	$185,966
2024	$926,622	$652,112	$1,742,712	$274,510
2023	$642,419	$535,434	$1,614,688	$106,985
2022	$659,234	$573,182	$1,572,870	$86,052
2021	$596,952	$590,387	$1,650,166	$6,565
2020	$577,341	$631,233	$1,711,321	$-53,892
2019	$589,061	$602,796	$1,814,981	$-13,735

LAFONTAINE CENTER INC