LAKESIDE FOR CHILDREN (EIN 381360532) - 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

1927

Legal Domicile

Principal Officer

DAVID FURGASON

Phone

2693814760

Tax Period

2023-07-01 to 2024-06-30

LAKESIDE FOR CHILDREN, founded in 1927, is a micro nonprofit that reported $19K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $27K exceeded revenue, resulting in a 41% operating deficit.

Mission

LAKESIDE FOR CHILDREN PROVIDES AT-RISK YOUTH AN OPPORTUNITY TO LEARN NEW SKILLS AND BEHAVIORS IN A CARING, HOPE-FILLED AND SUPPORTIVE ENVIRONMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $18,881

Other Revenue $0

TOTAL REVENUE $18,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $26,631

TOTAL EXPENSES $26,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,881	$156,053	-0.9%
Expenses	$26,631	$151,605	-0.8%
Net Income	$-7,750	$4,448	-2.7%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM LEALOFI	CEO	N/A	Officer	$0	$0	$0
JEFF PALMER	PRESIDENT	N/A	Officer Director	$0	$0	$0
DAVID FURGASON	TREASURER	N/A	Officer Director	$0	$0	$0
DANNIE ALEXANDER	SECRETARY	N/A	Officer Director	$0	$0	$0
RICK WORDELL	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH BROGGER II	DIRECTOR	N/A	Director	$0	$0	$0
BLANCA RAMIEREZ	DIRECTOR	N/A	Director	$0	$0	$0
MARY OUDSEMA	DIRECTOR	N/A	Director	$0	$0	$0
SABRINA PRITCHETT-EVANS	DIRECTOR	N/A	Director	$0	$0	$0
AJ TODD	DIRECTOR	N/A	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
2024	$18,881	$26,631	No data	$-7,750
2023	$156,053	$151,605	$551,387	$4,448
2022	$4,227	$228,544	$7,606,990	$-224,317
2021	$-920,976	$688,560	$7,840,725	$-1,609,536
2020	$13,676,802	$13,732,590	$10,494,769	$-55,788
2019	$13,614,872	$13,586,624	$11,987,006	$28,248
2018	$12,086,103	$12,097,282	$11,473,546	$-11,179

LAKESIDE FOR CHILDREN