LAKE COUNTRY CARING INC (EIN 391983510) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

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 $605K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $95K, a strong 16% operating margin.

Mission

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

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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 $554,719

Program Service Revenue $0

Investment Income $12,786

Other Revenue $37,400

TOTAL REVENUE $604,905

Expense Breakdown

Grants Paid $434,200

Salaries & Benefits $0

Fundraising Expenses $2,125

Program Expenses $499,548

Other Expenses $75,389

TOTAL EXPENSES $509,589

Year-over-Year Comparison

	2023	2022	Change
Revenue	$604,905	$551,766	+0.1%
Expenses	$509,589	$515,191	0.0%
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

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

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

Total Directors

Key Employees

Highest Compensated

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	$604,905	$509,589	$899,438	$95,316
2023	$711,155	$615,839	$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

LAKE COUNTRY CARING INC