LAKES SENIOR HOUSING INC (EIN 341343665) - 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

1979

Legal Domicile

Principal Officer

JAMES DAVIS

Phone

3307624011

Tax Period

2024-07-01 to 2025-06-30

LAKES SENIOR HOUSING INC, founded in 1979, is a small nonprofit in the Housing & Shelter sector that reported $747K in total revenue in fiscal year 2024. Expenses of $648K left a modest 13% surplus.

Mission

OWN AND OPERATE LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS

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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 $0

Program Service Revenue $745,076

Investment Income $312

Other Revenue $1,157

TOTAL REVENUE $746,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $614,538

Other Expenses $648,454

TOTAL EXPENSES $648,454

Year-over-Year Comparison

	2024	2023	Change
Revenue	$746,545	$732,995	+0.0%
Expenses	$648,454	$646,302	+0.0%
Net Income	$98,091	$86,693	+0.1%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES DAVIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLES SEELEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN J FASSOLES	SECRETARY	1.00	Officer Director	$0	$0	$0
THOMAS E BURGE	TREASURER	1.00	Officer Director	$0	$0	$0
ALFRED GRZESCHIK	TRUSTEE	1.00	Director	$0	$0	$0
JOHN P SCHERMESSER	TRUSTEE	1.00	Director	$0	$0	$0
VICKI KEPNES	TRUSTEE	1.00	Director	$0	$0	$0
STEVE HESS	TRUSTEE	1.00	Director	$0	$0	$0
JON VIELHABER	TRUSTEE	1.00	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
2025	$746,545	$648,454	$851,845	$98,091
2024	No data	No data	No data	No data
2023	$660,390	$643,346	$755,819	$17,044
2022	$687,007	$648,221	$858,663	$38,786
2021	$692,897	$726,359	$867,671	$-33,462
2020	$653,731	$617,985	$994,514	$35,746
2019	$646,113	$599,352	$966,155	$46,761
2018	$639,689	$658,742	$1,014,619	$-19,053

LAKES SENIOR HOUSING INC