Lakeland Specialty Hospital at Ber… - Form 990 Financial Data

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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

1994

Legal Domicile

Phone

2699838300

Tax Period

2018-10-01 to 2019-09-30

Lakeland Specialty Hospital at Berrien Center, founded in 1994, is a small nonprofit in the Health Care sector that reported $552K in total revenue in fiscal year 2018. Expenses of $672K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO IMPROVE HEALTH, INSPIRE HOPE AND SAVE LIVES.

Program Service Accomplishments

Program 1

Expenses: $570,673

LAKELAND SPECIALTY HOSPITAL HAS LEASED ITS FACILITIES TO OTHER MENTAL HEALTH AND SUBSTANCE ABUSE PROVIDERS TO PROVIDE THESE NEEDED SERVICES IN THE COMMUNITY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $551,577

TOTAL REVENUE $551,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,752

Fundraising Expenses $0

Program Expenses $570,673

Other Expenses $506,777

TOTAL EXPENSES $671,529

Year-over-Year Comparison

	2018	2017	Change
Revenue	$551,577	$511,655	+0.1%
Expenses	$671,529	$710,030	-0.1%
Net Income	$-119,952	$-198,375	-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

N/A

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

$4,169,677

Total Directors

$975,539

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIRMAN	2.0	Officer Director	$0	$22,871	$213,489
N/A	VP - FINANCE & CFO	1.0	Officer Director	$0	$24,142	$466,470
N/A	SECRETARY	1.0	Officer Director	$0	$20,420	$295,580
N/A	PRESIDENT & CEO	1.0	Officer	$0	$25,007	$3,194,138
N/A	FORMER CHAIRMAN	0.0		$0	$27,568	$255,376

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
2019	$551,577	$671,529	$566,817	$-119,952
2018	$511,655	$710,030	$648,452	$-198,375

Lakeland Specialty Hospital at Berrien Center