CAPITOL LAKES FOUNDATION INC

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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

2008

Legal Domicile

Principal Officer

DIANE FARSETTA

Phone

8887246424

Tax Period

2023-10-01 to 2024-09-30

CAPITOL LAKES FOUNDATION INC, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $352K in total revenue in fiscal year 2023. The organization ran a surplus of $107K, a strong 30% operating margin.

Mission

THE CAPITOL LAKES FOUNDATION SEEKS TO SERVE OUR COMMUNITY BY ENRICHING THE QUALITY OF LIFE OF OUR RESIDENTS, PROVIDING PEACE OF MIND TO THEIR FAMILIES, SUPPORTING AND NURTURING OUR STAFF, AND REACHING OUT TO OUR NEIGHBORS AS LEADERS AND ADVOCATES ON ISSUES RELATED TO AGING.

Program Service Accomplishments

Program 1

Expenses: $159,290 Revenue: $0

GRANTS AND ALLOCATIONS/OUTLAYS ACCORDING TO DONORS' SPECIFIC REQUESTS.

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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 $304,462

Program Service Revenue $0

Investment Income $47,174

Other Revenue $0

TOTAL REVENUE $351,636

Expense Breakdown

Grants Paid $102,674

Salaries & Benefits $78,222

Fundraising Expenses $0

Program Expenses $159,290

Other Expenses $63,541

TOTAL EXPENSES $244,437

Year-over-Year Comparison

	2023	2022	Change
Revenue	$351,636	$350,082	+0.0%
Expenses	$244,437	$240,694	+0.0%
Net Income	$107,199	$109,388	0.0%

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

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

$193,509

Total Directors

$668,134

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM CONROY	ADMINISTRATIVE DIRECTOR	1.00	Director	$0	$50,245	$355,757
KRISTIN VATER	SECRETARY	1.00	Officer Director	$0	$19,225	$193,509
NATASHA KILLIAN	ADMINISTRATIVE DIRECTOR	1.00	Director	$0	$26,154	$118,868
CONNIE BAKKER	CHAIR	1.00	Officer Director	$0	$0	$0
DR DIANE FARSETTA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICK CARROLL	TREASURER	1.00	Officer Director	$0	$0	$0
BETSY ABRAMSON	DIRECTOR	1.00	Director	$0	$0	$0
JACK BOLZ	DIRECTOR	1.00	Director	$0	$0	$0
DR BARBARA BOWERS	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY LEPAGE	DIRECTOR	1.00	Director	$0	$0	$0
NORMA MADSEN	DIRECTOR	1.00	Director	$0	$0	$0
JIM POPE	DIRECTOR	1.00	Director	$0	$0	$0
DR TRACEY SCHROEPFER	DIRECTOR	1.00	Director	$0	$0	$0
CAROL TOUSSAINT	DIRECTOR	1.00	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
2024	$351,636	$244,437	$2,349,045	$107,199
2023	$350,082	$240,694	$1,814,921	$109,388
2022	$394,215	$205,802	$1,548,094	$188,413
2021	$318,064	$196,932	$1,775,645	$121,132
2020	$157,652	$197,215	$1,360,233	$-39,563
2019	$143,099	$168,960	$1,294,398	$-25,861
2018	$259,500	$173,733	$1,329,482	$85,767