LAKE AREA FREE CLINIC INC (EIN 392006388) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

PEG KOENIGS

Phone

2625694990

Tax Period

2024-01-01 to 2024-12-31

LAKE AREA FREE CLINIC INC, founded in 2001, is a community nonprofit in the Health Care sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $689K, a strong 23% operating margin.

Mission

PROVIDES HIGH-QUALITY MEDICAL AND DENTAL CARE TO LOW-INCOME RESIDENTS OF WAUKESHA COUNTY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,302,770

Program Service Revenue $550,098

Investment Income $74,034

Other Revenue $89,430

TOTAL REVENUE $3,016,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,695,329

Fundraising Expenses $113,939

Program Expenses $2,036,771

Other Expenses $631,763

TOTAL EXPENSES $2,327,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,016,332	$2,167,181	+0.4%
Expenses	$2,327,092	$1,969,516	+0.2%
Net Income	$689,240	$197,665	+2.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

240

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

$124,311

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYANN MCCHESNEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRYAN BREESER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PEG KOENIGS	TREASURER	5.00	Officer Director	$0	$0	$0
DR JAY PLUDEMAN	MEDICAL DIRECTOR	2.00	Director	$0	$0	$0
DR ROBERT SCHWADE	DENTAL DIRECTOR	10.00	Director	$0	$0	$0
RAMON AGUIRRE	DIRECTOR	5.00	Director	$0	$0	$0
KATHY ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
BETH BOYER-RYAN	DIRECTOR	5.00	Director	$0	$0	$0
NANCY BRADT	SECRETARY	5.00	Officer Director	$0	$0	$0
MITZI CASS	DIRECTOR	1.00	Director	$0	$0	$0
LISA DREW	PAST PRESIDENT	5.00	Director	$0	$0	$0
BRIDGET ESSMA	DIRECTOR	5.00	Director	$0	$0	$0
TERRY LADWIG	DIRECTOR	1.00	Director	$0	$0	$0
NANINE NELSON	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBERT PANTHER	DIRECTOR	1.00	Director	$0	$0	$0
DR ERIC RUIZ	DIRECTOR	1.00	Director	$0	$0	$0
JOE SORUM	DIRECTOR	1.00	Director	$0	$0	$0
JACALYN STETINA	DIRECTOR	5.00	Director	$0	$0	$0
KAREN BIALAS	DIRECTOR	1.00	Director	$0	$0	$0
MARY REICH	EXECUTIVE DIRECTOR	40.00	Officer	$107,000	$17,311	$124,311
ALICIA BUSH	EMPLOYEE	40.00	Highest	$166,744	$9,069	$175,813
PABLO FERNANDEZ	EMPLOYEE	40.00	Highest	$226,358	$15,054	$241,412
MEGAN WALSH	EMPLOYEE	40.00	Highest	$100,654	$6,000	$106,654

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	$3,016,332	$2,327,092	$3,820,656	$689,240
2023	$2,167,181	$1,969,516	$2,770,307	$197,665
2022	$2,346,336	$1,777,618	$2,621,346	$568,718
2021	$1,725,948	$1,673,094	$1,669,300	$52,854
2020	$1,626,131	$1,483,422	$1,578,126	$142,709
2019	$1,159,053	$1,630,775	$1,312,695	$-471,722
2018	$1,098,804	$1,194,311	$1,567,016	$-95,507

LAKE AREA FREE CLINIC INC