LAKE AREA RECOVERY CENTER INC (EIN 346608640) - 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

1985

Legal Domicile

Principal Officer

MICHAEL MURPHY

Phone

4409921699

Tax Period

2024-07-01 to 2025-06-30

LAKE AREA RECOVERY CENTER INC, founded in 1985, is a community nonprofit in the Mental Health sector that reported $3.7M in total revenue in fiscal year 2024. Expenses of $4.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

PROVIDE DRUG AND ALCOHOL ABUSE SERVICES

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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 $3,520,385

Program Service Revenue $194,801

Investment Income $3,937

Other Revenue $24,352

TOTAL REVENUE $3,743,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,868,576

Fundraising Expenses $0

Program Expenses $3,886,011

Other Expenses $1,250,629

TOTAL EXPENSES $4,119,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,743,475	$3,847,506	0.0%
Expenses	$4,119,205	$3,951,401	+0.0%
Net Income	$-375,730	$-103,895	+2.6%

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

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

Total Directors

$206,687

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MURPHY	EXECUTIVE DIRECTOR	40.00	Director	$147,033	$0	$147,033
VANESSA JACKSON	DEPUTY EXECUTIVE DIRECTOR	40.00	Director	$59,654	$0	$59,654
JEREMY GRAHAM	DIRECTOR	2.00	Director	$0	$0	$0
NICK PIZZI	DIRECTOR	2.00	Director	$0	$0	$0
CHAD KENDZERSKI	DIRECTOR	2.00	Director	$0	$0	$0
JESSE WODRIG	DIRECTOR	2.00	Director	$0	$0	$0
JOHN HOGAN	PRESIDENT	2.00	Officer	$0	$0	$0
CRAIG MCMEECHAN	TREASURER	2.00	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	$3,743,475	$4,119,205	$2,709,090	$-375,730
2024	$3,847,506	$3,951,401	$3,211,071	$-103,895
2023	$3,592,129	$3,946,006	$3,460,783	$-353,877
2022	$4,154,396	$3,714,821	$3,519,338	$439,575
2021	$4,209,294	$3,669,719	$3,007,133	$539,575
2020	$3,227,096	$2,980,167	$3,038,621	$246,929
2019	$2,922,342	$2,257,383	$1,774,808	$664,959
2018	$1,966,467	$1,868,379	$960,943	$98,088

LAKE AREA RECOVERY CENTER INC