PADS Lake County Inc (EIN 362948857) - 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

1987

Legal Domicile

Principal Officer

Kevin Woodside

Phone

8476890597

Tax Period

2024-07-01 to 2025-06-30

PADS Lake County Inc, founded in 1987, is a community nonprofit in the Mental Health sector that reported $8.7M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 16% operating margin.

Mission

Provide emergency shelter and supportive services to families with children and individuals experiencing homelessness in Lake County.

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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 $8,550,897

Program Service Revenue $26,956

Investment Income $77,506

Other Revenue $51,170

TOTAL REVENUE $8,706,529

Expense Breakdown

Grants Paid $4,107,277

Salaries & Benefits $2,294,094

Fundraising Expenses $363,307

Program Expenses $6,309,739

Other Expenses $931,257

TOTAL EXPENSES $7,332,628

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,706,529	$6,810,953	+0.3%
Expenses	$7,332,628	$5,764,911	+0.3%
Net Income	$1,373,901	$1,046,042	+0.3%

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

1000

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

$140,490

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Woodside	President	1.00	Officer Director	$0	$0	$0
Jason Gunther	Vice President	1.00	Officer Director	$0	$0	$0
Shelley Majewski	Secretary	1.00	Officer Director	$0	$0	$0
Kiearrah Lawrence	Treasurer	1.00	Officer Director	$0	$0	$0
Adam Carson	Director	1.00	Director	$0	$0	$0
Alexandra Beiriger	Director	1.00	Director	$0	$0	$0
Carissa Casbon	Director	1.00	Director	$0	$0	$0
Dr Daniel Woestman	Director	1.00	Director	$0	$0	$0
Kelly Wojda	Director	1.00	Director	$0	$0	$0
Laura Comilla	Director	1.00	Director	$0	$0	$0
Levoda Walker	Director	1.00	Director	$0	$0	$0
Patrick Niday	Director	1.00	Director	$0	$0	$0
Allen Swilley	Executive Director	40.00	Officer	$140,490	$0	$140,490

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	$8,706,529	$7,332,628	$7,891,720	$1,373,901
2024	$6,810,953	$5,764,911	$3,961,676	$1,046,042
2023	$4,033,321	$3,938,474	$2,564,860	$94,847
2022	$4,371,244	$4,093,922	$2,698,285	$277,322
2021	$4,481,536	$4,047,770	$2,187,212	$433,766
2020	$3,365,231	$2,961,242	$2,061,108	$403,989
2019	$2,314,151	$2,229,212	$1,285,410	$84,939

PADS Lake County Inc