CAPITOL LAKES 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

1990

Legal Domicile

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

CAPITOL LAKES IS A PREMIER CONTINUING CARE RETIREMENT COMMUNITY DEDICATED TO ENRICHING LIVES.

Program Service Accomplishments

Program 1

Expenses: $19,055,384 Revenue: $22,122,646

CAPITOL LAKES IS A CONTINUING CARE RETIREMENT COMMUNITY, DEDICATED TO ENHANCING OUR RESIDENTS' QUALITY OF LIFE IN A STIMULATING, SECURE ENVIRONMENT. WE PROVIDE HIGH-QUALITY SERVICES INCLUDING...

CAPITOL LAKES IS A CONTINUING CARE RETIREMENT COMMUNITY, DEDICATED TO ENHANCING OUR RESIDENTS' QUALITY OF LIFE IN A STIMULATING, SECURE ENVIRONMENT. WE PROVIDE HIGH-QUALITY SERVICES INCLUDING HOUSING, NUTRITIOUS MEALS, NURSING, HOUSEKEEPING, MAINTENANCE, AND OTHER SUPPORT TO THOSE WE SERVE. OUR LEVELS OF SERVICE INCLUDE INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING.

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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 $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

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

403

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

Total Directors

Key Employees

$355,757

Highest Compensated

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