HUDSON, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION INC, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $292K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Net assets of $5.1M represent 208 months of operating reserves.
ESTABLISHED IN 1994, THE LAUREL LAKE FOUNDATION IS THE CHARITABLE ARM OF LAUREL LAKE RETIREMENT COMMUNITY. ITS PURPOSE IS TO GENERATE AND MANAGE RESOURCES THAT VIGOROUSLY SUPPORT AND ENRICH THE QUALITY OF LIFE FOR LAUREL LAKE RESIDENTS NOW AND IN THE FUTURE. THE FOUNDATION IS DEDICATED TO HELPING SATISFY THE SOCIAL, INTELLECTUAL, PHYSICAL AND EMOTIONAL NEEDS OF RESIDENTS THROUGHOUT EVERY LEVEL OF LIFE WHILE INSPIRING OUR COMMUNITY OF FAMILIES, FRIENDS AND STAFF. THE FOUNDATION FUNDS A WIDE VARIETY OF PROJECTS AND PROGRAMS WHICH HELP CARE FOR RESIDENTS THROUGHOUT LIFES TRANSITIONS AND ENHANCE THE ACTIVE, STIMULATING AND REWARDING LIFESTYLE THAT LAUREL LAKE RESIDENTS ENJOY.
THE LAUREL LAKE FOUNDATION PROVIDED RESOURCES TO HELP SATISFY THE NEEDS OF LIFE CARE CONTRACTED RESIDENTS AT LAUREL LAKE RETIREMENT COMMUNITY. LIFE CARE CONTRACTED RESIDENTS ENJOY THE SECURITY OF...
THE LAUREL LAKE FOUNDATION PROVIDED RESOURCES TO HELP SATISFY THE NEEDS OF LIFE CARE CONTRACTED RESIDENTS AT LAUREL LAKE RETIREMENT COMMUNITY. LIFE CARE CONTRACTED RESIDENTS ENJOY THE SECURITY OF LIFETIME CARE, EVEN WHEN CAUSES BEYOND THEIR CONTROL MAKE IT NO LONGER POSSIBLE TO FULLY PAY THEIR LAUREL LAKE MONTHLY SERVICE FEE. EACH YEAR SINCE INCEPTION OVER TWO DECADES AGO, BETWEEN TWO AND SIX RESIDENTS HAVE FOUND PEACE OF MIND IN RECEIVING SUBSIDIES DUE TO UNANTICIPATED FINANCIAL CIRCUMSTANCES SUCH AS OUTLIVING THEIR RESOURCES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $291,573 | $814,844 | -0.6% |
| Expenses | $313,505 | $345,190 | -0.1% |
| Net Income | $-21,932 | $469,654 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOHN MULLIGAN | CHAIRMAN | 4.00 |
Director
|
$0 | $0 | $0 |
| AMY MCCARTHY | RESIDENT TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| SR MARYANN GOLONKA HM | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| BLAKE RAWSON | VICE CHAIR | 2.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER STANLEY | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ANN KIRK | TREASURER | 0.50 |
Director
|
$0 | $0 | $0 |
| ELIZABETH MURPHY | SECRETARY | 0.50 |
Director
|
$0 | $0 | $0 |
| DAVID A OSTER | PRESIDENT | 0.50 |
Officer
|
$0 | $27,202 | $387,039 |
| LORETTA STEVENS | CFO (UNTIL 5/23) | 0.50 |
Officer
|
$0 | $72 | $76,065 |
| MADELINE FREEMAN | CFO (BEG. 6/23) | 0.50 |
Officer
|
$0 | $28 | $76,078 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $291,573 | $313,505 | $5,661,741 | $-21,932 |
| 2022 | $814,844 | $345,190 | $5,076,444 | $469,654 |
| 2021 | $1,260,526 | $354,866 | $5,606,222 | $905,660 |
| 2020 | $621,431 | $309,719 | $4,444,035 | $311,712 |
| 2019 | $197,199 | $557,890 | $4,248,482 | $-360,691 |
| 2018 | $162,047 | $457,916 | $4,220,854 | $-295,869 |
Compare LAUREL LAKE RETIREMENT COMMUNITY FOUNDATION INC with other nonprofits in Ohio and across the country.