MENTAL HEALTH AMERICA OF LAKE COUN… - Form 990 Financial Data

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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

1957

Legal Domicile

Principal Officer

JEFF CARROLL

Phone

2199377733

Tax Period

2024-01-01 to 2024-12-31

MENTAL HEALTH AMERICA OF LAKE COUNTY INC, founded in 1957, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $5.5M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO TRANSFORM OUR COMMUNITY THROUGH PROVEN PROGRAMS THAT EDUCATE, EMPOWER, AND STRENGHTEN THE WAY FAMILIES FUNCTION FOR LIFE.

Program Service Accomplishments

Program 1

Expenses: $3,141,102 Revenue: $0

TANF/MIECHEALTHY FAMILIES SUPPORTS NEW AND EXPECTANT PARENTS WITH IN-HOME, EVIDENCE BASED KNOWLEDGE AND ACTIVITIES THAT PROMOTE POSITIVE PARENTING AND CHILD DEVELOPMENT; ADDITIONAL SUPPORT IS...

TANF/MIECHEALTHY FAMILIES SUPPORTS NEW AND EXPECTANT PARENTS WITH IN-HOME, EVIDENCE BASED KNOWLEDGE AND ACTIVITIES THAT PROMOTE POSITIVE PARENTING AND CHILD DEVELOPMENT; ADDITIONAL SUPPORT IS PROVIDED BY CONNECTING FAMILIES TO NEEDED RESOURCES IN THE COMMUNITY.

Program 2

Expenses: $53,595 Revenue: $0

TITLE V MATERNAL AND CHILD HEALTH SERVICESTHE GOAL OF THIS FUNDING IS TO IMPROVE THE PUBLIC HEALTH SYSTEMS FOR MOTHERS, CHILDREN, AND THEIR FAMILIES BY PROMOTING STRATEGIES TO PREVENT INFANT DEATH...

TITLE V MATERNAL AND CHILD HEALTH SERVICESTHE GOAL OF THIS FUNDING IS TO IMPROVE THE PUBLIC HEALTH SYSTEMS FOR MOTHERS, CHILDREN, AND THEIR FAMILIES BY PROMOTING STRATEGIES TO PREVENT INFANT DEATH OCCUR AS A RESULT OF SUDDEN UNEXPECTED INFANT DEATH (SUID) THROUGH THE SAFE SLEEP PROGRAM.

Program 3

Expenses: $59,625 Revenue: $0

UNITED STATE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PASS THROUGH PROGRAM THE GOAL OF THIS FUNDING IS TO PROVIDE HOUSING AND COMMUNITY DEVELOPMENT ASSISTANCE TO THE COMMUNITY TO IMPROVE THE...

UNITED STATE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PASS THROUGH PROGRAM THE GOAL OF THIS FUNDING IS TO PROVIDE HOUSING AND COMMUNITY DEVELOPMENT ASSISTANCE TO THE COMMUNITY TO IMPROVE THE SUITABILITY OF LIVING ENVIRONMENTS, PRIMARILY FOR THE BENEFIT OF LOW AND MODERATE INCOME 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 $4,489,799

Program Service Revenue $96,168

Investment Income $37,279

Other Revenue $22,201

TOTAL REVENUE $4,645,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,401,715

Fundraising Expenses $0

Program Expenses $4,372,256

Other Expenses $1,058,723

TOTAL EXPENSES $5,460,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,645,447	$5,112,092	-0.1%
Expenses	$5,460,438	$4,665,065	+0.2%
Net Income	$-814,991	$447,027	-2.8%

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

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

$152,454

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF CARROLL	PRESIDENT	4.00	Officer Director	$0	$0	$0
KEVIN STEELE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DALE CLAPP	TREASURER	4.00	Officer Director	$0	$0	$0
COLBY BARKES	SECRETARY	2.00	Officer Director	$0	$0	$0
PAT CONLEY	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER CONNELLY	DIRECTOR	2.00	Director	$0	$0	$0
ANNE GREGORY	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE KELLER	DIRECTOR	2.00	Director	$0	$0	$0
JULIE KISSEE	DIRECTOR	2.00	Director	$0	$0	$0
ZORAN KORICANAC	DIRECTOR	2.00	Director	$0	$0	$0
ANDRIA LEWIS	DIRECTOR	2.00	Director	$0	$0	$0
RON MILLIES	DIRECTOR	2.00	Director	$0	$0	$0
KIM MODIGELL	DIRECTOR	2.00	Director	$0	$0	$0
CAROL TAN-HELTON	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA SHERWIN	CEO	40.00	Officer	$137,836	$14,618	$152,454

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	$4,645,447	$5,460,438	$2,455,543	$-814,991
2023	$5,112,092	$4,665,065	$3,392,149	$447,027
2022	$4,253,945	$4,960,058	$3,168,426	$-706,113
2021	$4,546,994	$4,501,729	$2,813,892	$45,265
2020	$5,385,370	$4,444,057	$2,771,599	$941,313
2019	$4,661,204	$4,381,486	$1,789,522	$279,718
2018	$4,414,628	$4,200,029	$1,477,690	$214,599

MENTAL HEALTH AMERICA OF LAKE COUNTY INC