SOUTHLAKE CENTER RESIDENTIAL INC (EIN 351821789) - 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

1989

Legal Domicile

Principal Officer

LASHAUN WOODS

Phone

2197571921

Tax Period

2024-07-01 to 2025-06-30

SOUTHLAKE CENTER RESIDENTIAL INC, founded in 1989, is a small nonprofit in the Mental Health sector that reported $103K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE LOW INCOME HOUSING

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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 $50,408

Program Service Revenue $43,306

Investment Income $1,711

Other Revenue $8,036

TOTAL REVENUE $103,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,490

Other Expenses $104,809

TOTAL EXPENSES $104,809

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,461	$81,841	+0.3%
Expenses	$104,809	$99,306	+0.1%
Net Income	$-1,348	$-17,465	-0.9%

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

$558,746

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLA HOUCK	CHAIR	0.50	Officer Director	$0	$0	$0
LINDA JONAITIS	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DR AMY HAN	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
CAROL DRASGA	BOARD MEMBER	0.50	Director	$0	$0	$0
GARY JOHNSON	BOARD MEMBER	0.50	Director	$0	$0	$0
DANIEL KLEIN	BOARD MEMBER	0.50	Director	$0	$0	$0
DANNY LACKEY	BOARD MEMBER	0.50	Director	$0	$0	$0
DONALD LEVINSON	BOARD MEMBER	0.50	Director	$0	$0	$0
JONATHAN PETERSEN	BOARD MEMBER	0.50	Director	$0	$0	$0
TERRY QUINN	BOARD MEMBER	0.50	Director	$0	$0	$0
RANDALL SHEPARD	BOARD MEMBER	0.50	Director	$0	$0	$0
MADRIEL TERRELL	BOARD MEMBER	0.50	Director	$0	$0	$0
THOMAS O'DONNELL	BOARD MEMBER PARTIAL TERM	0.50	Director	$0	$0	$0
LASHAUN WOODS	EX-OFFICIO & GEMINUS CFO	2.00	Officer	$0	$14,242	$148,697
WILLIAM TROWBRIDGE	EX-OFFICIO & REGIONAL CEO	2.00	Officer	$0	$98,353	$410,049

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	$103,461	$104,809	$296,885	$-1,348
2024	$81,841	$99,306	$302,248	$-17,465
2023	$71,939	$100,860	$298,207	$-28,921
2022	$66,229	$93,140	$294,908	$-26,911
2021	$72,643	$73,595	$304,140	$-952
2020	$63,077	$78,624	$306,272	$-15,547
2019	$61,161	$81,400	$317,251	$-20,239

SOUTHLAKE CENTER RESIDENTIAL INC