Lakeland Immediate Care Center (EIN 383082107) - 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

1993

Legal Domicile

Principal Officer

Joseph Gavan

Phone

2694453874

Tax Period

2024-01-01 to 2024-12-31

Lakeland Immediate Care Center, founded in 1993, is a mid-sized nonprofit in the Health Care sector that reported $23.2M in total revenue in fiscal year 2024. Expenses of $20.2M left a modest 13% surplus.

Mission

Our mission is to provide necessary, compassionate healthcare to people in our communities.

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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 $3,190,112

Program Service Revenue $11,627,354

Investment Income $440,410

Other Revenue $7,893,791

TOTAL REVENUE $23,151,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,195,439

Fundraising Expenses $0

Program Expenses $16,120,100

Other Expenses $6,039,907

TOTAL EXPENSES $20,235,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,151,667	$22,626,884	+0.0%
Expenses	$20,235,346	$17,970,099	+0.1%
Net Income	$2,916,321	$4,656,785	-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

190

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

$1,127,288

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tracy Hertsel	President	1.00	Officer Director	$0	$0	$0
George Brossman	Vice President	1.00	Officer Director	$0	$0	$0
Joyce Bailey	Secretary	1.00	Officer Director	$0	$0	$0
Mary Foster	Board Member	1.00	Director	$0	$0	$0
Adrienne Glover	Board Member	1.00	Director	$0	$0	$0
Lisa M Green	Treasurer	1.00	Officer Director	$0	$0	$0
Barbara Hannon	Board Member	1.00	Director	$0	$0	$0
Delores McNeary	Board Member	1.00	Director	$0	$0	$0
Patricia Patano	Board Member	1.00	Director	$0	$0	$0
Neil R See	Board Member	1.00	Director	$0	$0	$0
Marcella Taylor	Board Member	1.00	Director	$0	$0	$0
Jason Hamel	Board Member	1.00	Director	$0	$0	$0
Jeanne Jourdan	Board Member	1.00	Director	$0	$0	$0
Mary Middleton	Former CEO	40.00	Officer	$465,634	$12,390	$478,024
Tammy Howard	COO	40.00	Officer	$203,360	$18,271	$221,631
Kyleigh Kramb	CFO	40.00	Officer	$173,492	$7,335	$180,827
Joseph Gavan	CEO	40.00	Officer	$231,070	$15,736	$246,806
Matthew Pazderka	Physician	40.00	Highest	$303,125	$33,393	$336,518
Harris Shaikh	Physician	40.00	Highest	$282,823	$33,395	$316,218
John Zakhary	Physician	40.00	Highest	$271,295	$20,365	$291,660
Alexander Schneider	Physician	40.00	Highest	$264,818	$33,436	$298,254
Sabrina Cole	Physician	40.00	Highest	$273,469	$30,835	$304,304

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	No data	No data	No data	No data
2024	$23,151,667	$20,235,346	$39,839,833	$2,916,321
2023	$22,626,884	$17,970,099	$36,741,350	$4,656,785
2022	$20,815,098	$17,206,693	$31,560,707	$3,608,405
2021	$17,988,669	$15,565,825	$27,798,669	$2,422,844
2020	$13,355,423	$14,520,155	$25,397,556	$-1,164,732
2019	$14,258,148	$12,757,637	$24,207,107	$1,500,511
2018	$12,255,229	$11,056,520	$16,972,261	$1,198,709

Lakeland Immediate Care Center