CAPITOL LAKES INC

EIN: 391412320 501(c)(3) Human Services

MADISON, WI

Total Revenue
$22,768,162
Total Expenses
$25,350,030
Total Assets
$41,253,478
Net Assets
$-54,802,604
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
WI
Principal Officer
SUE CENTER
Phone
8887246424
Tax Period
2023-10-01 to 2024-09-30

CAPITOL LAKES INC, founded in 1990, is a mid-sized nonprofit in the Human Services sector that reported $22.8M in total revenue in fiscal year 2023. Expenses of $25.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE CARE AND HOUSING FOR THE ELDERLY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $321,602
Program Service Revenue $22,122,646
Investment Income $193,461
Other Revenue $130,453
TOTAL REVENUE $22,768,162

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,054,132
Fundraising Expenses $0
Program Expenses $19,055,384
Other Expenses $13,295,898
TOTAL EXPENSES $25,350,030

Year-over-Year Comparison

2023 2022 Change
Revenue $22,768,162 $21,802,691 +0.0%
Expenses $25,350,030 $24,508,647 +0.0%
Net Income $-2,581,868 $-2,705,956 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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
403
Volunteers
15

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
3
$0
Total Directors
5
$0
Key Employees
1
$355,757
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUE CENTER CHAIR 1.00
Officer Director
$0 $0 $0
CLAY NORRBOM VICE CHAIR 1.00
Officer Director
$0 $0 $0
SALLY DREW SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
STEVE JOHANNSEN DIRECTOR 1.00
Director
$0 $0 $0
HARRY PETERSON DIRECTOR 1.00
Director
$0 $0 $0
TIM CONROY EXECUTIVE DIRECTOR 39.00
Key Emp
$305,512 $50,245 $355,757
KRISTIN VATER HEALTH CENTER ADMINISTRATOR 39.00
Highest
$174,284 $19,225 $193,509
STEVEN MELLSTROM HUMAN RESOURCES DIRECTOR 40.00
Highest
$133,277 $32,025 $165,302
REBECCA WYLESKY-DURST HC DIRECTOR NURSING 40.00
Highest
$129,427 $1,955 $131,382
HOLLY JOHNSON SALES DIRECTOR 40.00
Highest
$131,408 $29,975 $161,383
DANIEL HARVEY FACILITY SERVICES DIRECTOR 40.00
Highest
$126,158 $9,735 $135,893
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 $22,768,162 $25,350,030 $41,253,478 $-2,581,868
2023 $21,802,691 $24,508,647 $41,854,865 $-2,705,956
2022 $33,889,765 $24,984,592 $43,546,740 $8,905,173
2021 $22,055,000 $22,903,779 $43,454,270 $-848,779
2020 $21,761,674 $22,992,133 $42,403,310 $-1,230,459
2019 $22,876,256 $24,383,188 $44,358,065 $-1,506,932
2018 $22,166,421 $24,164,678 $45,660,123 $-1,998,257
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