LAKESIDE CURATIVE SERVICES 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

1947

Legal Domicile

Principal Officer

CYNDEAN JENNINGS

Phone

2625980098

Tax Period

2024-01-01 to 2024-12-31

LAKESIDE CURATIVE SERVICES INC, founded in 1947, is a community nonprofit in the Health Care sector that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $4.6M exceeded revenue, resulting in a 20% operating deficit.

Mission

PROVIDE TRAINING AND COMMUNITY ENGAGEMENT FOR YOUTH AND INDIVIDUALS WITH VARYING ABILITIES TO ENHANCE THEIR SELF-ESTEEM AND QUALITY OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $853,828 Revenue: $638,014

PREVOCATIONAL AND VOCATIONAL SERVICESTOTAL NUMBER SERVED - 169PRE-VOCATIONAL SERVICES: THIS SERVICE OFFERS EMPLOYMENT/CAREER EXPLORATION, VOCATIONAL SKILL BUILDING, AND SHORT TERM PAID JOB TRAINING OPTIONS USING SUBCONTRACT WORK, FOR PARTICIPANTS WITH DISABILITIES WANTING TO GAIN INSIGHTS ABOUT EMPLOYMENT OPTIONS AVAILABLE FOR THEM IN THE COMMUNITY. THE SERVICE (EXPLORE) ALSO OFFERS PARTICIPANTS THE CHANCE TO BUILD EMPLOYMENT SKILLS THROUGH JOB TOURS, VOLUNTEERISM AND CLASSES THAT HELP TEACH EACH PERSON VOCATIONAL SKILLS THAT WILL HELP THEM FIND EVENTUAL EMPLOYMENT IN THE COMMUNITY. MANY PARTICIPANTS ENROLLED IN THIS SERVICE ARE ALSO EMPLOYED PARTTIME IN THE COMMUNITY OR ARE SEEKING COMMUNITY EMPLOYMENT. COMMUNITY EMPLOYMENT SERVICES (VOCATIONAL): NUMBER SERVED - 123ADDITIONALLY, IN PARTNERSHIP WITH THE DIVISION OF VOCATIONAL REHABILITATION, THIS SERVICE (QEST) WORKS WITH INDIVIDUALS WITH DISABILITIES FROM LAKESIDE AND THE BROADER COMMUNITY TO HELP THEM IDENTIFY THEIR INDIVIDUAL CAREER GOALS AND FIND EMPLOYMENT. LAKESIDE ALSO OFFERS COMPUTER AND CLERICAL TRAINING FOR INDIVIDUALS WITH DISABILITIES SEEKING TO BUILD SKILLS IN EITHER OF THESE AREAS.

Program 2

Expenses: $3,613,071 Revenue: $2,970,857

SUBCONTRACT: NUMBER SERVED 6SUBCONTRACT WORK IS THE PAID JOB TRAINING COMPONENT FOR PARTICIPANTS IN THE PREVOCATIONAL PROGRAM. THE WORK IS USED TO TEACH INDIVIDUALS WITH DISABILITIES JOB SKILLS THAT CAN BE APPLIED TO JOBS IN THE COMMUNITY. THE GOAL OF THE PAID JOB TRAINING IS TO TRANSITION PARTICIPANTS TO AT LEAST PART TIME COMMUNITY-BASED EMPLOYMENT. THE NUMBER OF PEOPLE ENGAGED IN SUBCONTRACT WORK IS ALSO THE INCLUDED IN THE PREVOCATIONAL SERVICES SECTION LISTED ABOVE.

Program 3

Expenses: $7,347 Revenue: $7,096

DAY SERVICES: NUMBER SERVED - 40THIS SERVICE (CONNECT) OFFERS INDIVIDUALS WITH A RANGE OF ABILITIES THE CHANCE TO DEVELOP INDEPENDENT LIVING AND LIFE SKILLS THROUGH COMMUNITY-BASED EXPERIENCES SUCH AS VOLUNTEERISM, CLASSES, RECREATION, THE ARTS AND MORE. THERE IS A FOCUS ON HAVING PARTICIPANTS ENGAGED IN MEANINGFUL AND VALUED COMMUNITY EXPERIENCES, AS A PRIORITY. SOME INDIVIDUALS IN THIS SERVICE ARE ALSO EMPLOYED IN THE COMMUNITY PART TIME AND/OR WILL EVENTUALLY TRANSITION INTO AT LEAST PART TIME COMMUNITY EMPLOYMENT.

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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 $40,214

Program Service Revenue $3,620,823

Investment Income $153,997

Other Revenue $0

TOTAL REVENUE $3,815,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,703,271

Fundraising Expenses $0

Program Expenses $4,474,246

Other Expenses $2,866,041

TOTAL EXPENSES $4,569,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,815,034	$3,514,430	+0.1%
Expenses	$4,569,312	$3,940,303	+0.2%
Net Income	$-754,278	$-425,873	+0.8%

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

113

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

$82,970

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON LEMEROND	MEMBER EMERITUS	0.00	Director	$0	$0	$0
MIKE HAUBRICH	MEMBER EMERITUS	0.00	Director	$0	$0	$0
MELVIN HARGROVE	MEMBER EMERITUS	0.00	Director	$0	$0	$0
MAVIS ROHLING	MEMBER EMERITUS	0.00	Director	$0	$0	$0
JOHN WARGO	MEMBER EMERITUS	0.00	Director	$0	$0	$0
MIKE STEINBORN	MEMBER EMERITUS	0.00	Director	$0	$0	$0
MYLES MULLIKIN	MEMBER EMERITUS	0.00	Director	$0	$0	$0
BRAD PETTIBONE	MEMBER EMERITUS	0.00	Director	$0	$0	$0
ALICIA SCHMITZ	MEMBER	0.25	Director	$0	$0	$0
CYNDEAN JENNINGS	PRESIDENT	3.00	Officer Director	$0	$0	$0
BARRY FRIES	MEMBER	0.25	Director	$0	$0	$0
HERBERT KATT	SECRETARY	1.00	Officer Director	$0	$0	$0
ED EGAN	MEMBER	0.25	Director	$0	$0	$0
KATE TRUDELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRUCE BATTERSBY	TREASURER	2.00	Officer Director	$0	$0	$0
HAN ZHANG	MEMBER	0.25	Director	$0	$0	$0
GREG WATERS	MEMBER	0.25	Director	$0	$0	$0
BREANNA SCHWERKE	MEMBER	0.25	Director	$0	$0	$0
RANI THOAMS	MEMBER	0.25	Director	$0	$0	$0
CASSANDRA GLENN	MEMBER	0.25	Director	$0	$0	$0
TOM HAGEN	MEMBER	0.25	Director	$0	$0	$0
ALISON HOFFMAN	EXECUTIVE DIRECTOR	40.00	Officer	$82,970	$0	$82,970

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	$3,815,034	$4,569,312	$4,748,426	$-754,278
2023	$3,514,430	$3,940,303	$5,330,932	$-425,873
2022	$4,495,360	$4,773,713	$5,600,749	$-278,353
2021	$5,677,469	$5,592,001	$6,387,062	$85,468
2020	$4,983,310	$5,058,622	$6,268,047	$-75,312
2019	$4,485,561	$4,332,598	$6,227,311	$152,963
2018	$4,663,292	$4,524,286	$5,912,920	$139,006