LAKE COUNTRY CARING INC

EIN: 391983510 501(c)(3) Human Services

HARTLAND, WI

Total Revenue
$711,155
Total Expenses
$615,839
Total Assets
$899,438
Net Assets
$899,438
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
WI
Principal Officer
SUSAN STROMEI
Phone
2623676670
Tax Period
2023-01-01 to 2023-12-31

LAKE COUNTRY CARING INC, founded in 1998, is a small nonprofit in the Human Services sector that reported $711K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $616K left a modest 13% surplus.

Mission

TO PROVIDE BASIC NECESSITIES AT NO COST TO THOSE IN NEED IN THE LAKE COUNTRY AREA.

Program Service Accomplishments

Program 1
Expenses: $605,798 Revenue: $37,400

DONATIONS OF CLOTHING, HYGIENE PRODUCTS, FURNITURE, APPLIANCES, INFANT AND HOUSEHOLD ITEMS ARE ACCEPTED, SORTED AND GIVEN TO THOSE IN NEED FREE OF CHARGE. THESE ITEMS AND COMMUNITY RESOURCE REFERRAL...

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DONATIONS OF CLOTHING, HYGIENE PRODUCTS, FURNITURE, APPLIANCES, INFANT AND HOUSEHOLD ITEMS ARE ACCEPTED, SORTED AND GIVEN TO THOSE IN NEED FREE OF CHARGE. THESE ITEMS AND COMMUNITY RESOURCE REFERRAL ARE PROVIDED TO AN AVERAGE OF 350 PEOPLE EACH MONTH WHO LIVE IN WAUKESHA, WASHINGTON, DODGE OR JEFFERSON COUNTY. NEED IS ASSESSED UPON INITIAL INTAKE AND VALIDATED ANNUALLY THEREAFTER. IT CAN BE SUBSTANTIATED IN A NUMBER OF WAYS, INCLUDING DOCUMENTED PARTICIPATION IN STATE OR FEDERAL PROGRAMS SUCH AS THE NATIONAL SCHOOL LUNCH PROGRAM, WISCONSIN FOODSHARE, MEDICAID, BADGERCARE, WISCONSIN WORKS OR PUBLIC HOUSING ASSISTANCE, A RECENT TAX RETURN SHOWING HOUSEHOLD ADJUSTED GROSS INCOME OF NO MORE THAN 200% OF THE FEDERAL POVERTY LEVEL, OR VERIFICATION THAT THE INDIVIDUAL IS A CLIENT OF ANOTHER NONPROFIT THAT SERVES LOW INCOME INDIVIDUALS. IN ADDITION, AN INDIVIDUAL WHO CAN DEMONSTRATE THAT THEY HAVE SUFFERED A SIGNIFICANT HOUSEHOLD DISASTER SUCH AS A FIRE, FLOOD OR ROBBERY OR WHO HAS PROPER INS DOCUMENTATION MAY QUALIFY FOR AN INITIAL YEAR OF SUPPORT BUT MAY NOT RENEW ON THAT BASIS.

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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 $660,969
Program Service Revenue $0
Investment Income $12,786
Other Revenue $37,400
TOTAL REVENUE $711,155

Expense Breakdown

Grants Paid $540,450
Salaries & Benefits $0
Fundraising Expenses $2,125
Program Expenses $605,798
Other Expenses $75,389
TOTAL EXPENSES $615,839

Year-over-Year Comparison

2023 2022 Change
Revenue $711,155 $551,766 +0.3%
Expenses $615,839 $515,191 +0.2%
Net Income $95,316 $36,575 +1.6%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
169

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
5
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN STROMEI PRESIDENT 10.00
Officer Director
$0 $0 $0
NICOLE IRELAND TREASURER 1.00
Officer Director
$0 $0 $0
SHIRLEY HANSEN VICE PRESIDENT OF CLIENT SERVICES 11.00
Officer Director
$0 $0 $0
HAROLD BERG DIRECTOR 13.00
Director
$0 $0 $0
KATHRYN BUONO SECRETARY 5.00
Officer Director
$0 $0 $0
KAREN DALUM VICE PRESIDENT OF COMMUNITY RELATIONS 4.00
Officer 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 No data No data No data No data
2023 $711,155 $615,839 $899,438 $95,316
2023 $604,905 $509,589 $899,438 $95,316
2022 $551,766 $515,191 $775,653 $36,575
2022 $551,766 $515,191 $775,653 $36,575
2021 $413,920 $384,906 $780,341 $29,014
2020 $281,930 $267,454 $751,327 $14,476
2019 $402,672 $413,206 $736,851 $-10,534
2018 $402,331 $399,332 $747,385 $2,999
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