THE LAKE COUNTY HAVEN

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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

1992

Legal Domicile

Principal Officer

TERA MC BLAINE

Phone

8476801703

Tax Period

2025-01-01 to 2025-12-31

THE LAKE COUNTY HAVEN, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2025. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $601K, a strong 25% operating margin.

Mission

THE LAKE COUNTY HAVEN EMPOWERS HOMELESS WOMEN AND THEIR CHILDREN TO ACHIEVE PERMANENT, INDEPENDENT LIVING.

Program Service Accomplishments

Program 1

Expenses: $1,249,607

SHELTER PROGRAM - TRANSITIONAL SHELTER PROGRAM FEATURES A COMPREHENSIVE ARRAY OF SERVICES DESIGNED TO TRANSITION A WOMAN AND HER CHILDREN BEYOND HOMELESSNESS AND TOWARDS INDEPENDENT LIVING. SERVICES OFFERED INCLUDE CASE MANAGEMENT, CAREER SERVICES, FINANCIAL MANAGEMENT, COUNSELING, AND ADVOCACY. THE TWO TRANSITIONAL SHELTERS EACH HAVE 4-6 BEDROOMS AND SLEEPS 10 PEOPLE PER SITE. THE TYPICAL LENGTH OF STAY IS 5-6 MONTHS.

Program 2

Expenses: $304,770

STAGE II HOUSING - TRANSITIONAL HOUSING PROGRAM IS A MIDDLE STEP BETWEEN THE SHELTER AND INDEPENDENT LIVING. IT OFFERS THE SAME COMPREHENSIVE CASE MANAGEMENT SERVICES THAT ARE OFFERED IN THE SHELTER PROGRAM. THE LENGTH OF STAY IN THESE UNITS RANGES FROM 6 MONTHS TO 2 YEARS . THE TRANSITIONAL HOUSING PROGRAM CURRENTLY MAINTAINS 2 APARTMENTS, 2 CONDOMINIUMS, AND 3 SINGLE FAMILY HOMES IN LIBERTYVILLE THAT ARE OWNED OR RENTED BY THE HAVEN AND THEN SUB-LEASED TO RESIDENTS AT AN AFFORDABLE RATE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,062,836

Program Service Revenue $76,185

Investment Income $134,559

Other Revenue $113,767

TOTAL REVENUE $2,387,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,147,151

Fundraising Expenses $93,886

Program Expenses $1,554,377

Other Expenses $638,970

TOTAL EXPENSES $1,786,121

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,387,347	$2,849,574	-0.2%
Expenses	$1,786,121	$1,774,795	+0.0%
Net Income	$601,226	$1,074,779	-0.4%

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

$144,731

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA SABINO	EXECUTIVE DIRECTOR	040.00	Officer	$144,731	$0	$144,731
ANGELO FRANCHI	DIRECTOR	001.00	Director	$0	$0	$0
LAURA HOULT	TREASURER	001.00	Officer Director	$0	$0	$0
STEVE KOIVISTO	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
GEOFFREY LUCE	DIRECTOR	001.00	Director	$0	$0	$0
TERA MCBLAINE	SECRETARY	001.00	Officer Director	$0	$0	$0
DAVID STYLER	DIRECTOR	001.00	Director	$0	$0	$0
SUSAN MILANAK	DIRECTOR	001.00	Director	$0	$0	$0
KATE SERDAR	PRESIDENT	001.00	Officer Director	$0	$0	$0
TARA NOFZIGER	DIRECTOR	001.00	Director	$0	$0	$0
MICHAEL THOMPSON	DIRECTOR	001.00	Director	$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	$2,387,347	$1,786,121	$6,993,040	$601,226
2024	$2,849,574	$1,774,795	$6,318,481	$1,074,779
2023	$1,874,249	$1,468,865	$5,073,063	$405,384
2022	$1,794,747	$1,406,501	$4,674,711	$388,246
2021	$1,867,512	$1,274,011	$4,350,726	$593,501
2020	$1,317,593	$1,058,652	$3,804,228	$258,941
2019	$1,064,284	$732,801	$3,303,128	$331,483
2018	$1,175,611	$738,747	$2,932,172	$436,864