LAKELAND MENTAL HEALTH CENTER 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

1961

Legal Domicile

Principal Officer

THOMAS MASLOSKI

Phone

2187366987

Tax Period

2023-01-01 to 2023-12-31

LAKELAND MENTAL HEALTH CENTER INC, founded in 1961, is a mid-sized nonprofit in the Mental Health sector that reported $18.7M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $18.0M left a modest 4% surplus.

Mission

TO PROMOTE HEALTHY INDIVIDUALS, FAMILIES AND COMMUNITIES BY PROVIDING HIGH QUALITY, ACCESSIBLE BEHAVIORAL HEALTHCARE.

Program Service Accomplishments

Program 1

Expenses: $16,338,402 Revenue: $18,359,004

LAKELAND MENTAL HEALTH CENTER, INC (LMHC) PROVIDES OUTPATIENT BEHAVIORAL HEALTH CARE SERVICES TO INDIVIDUALS OF ALL AGES. SERVICES CONSIST OF INDIVIDUAL, GROUP AND FAMILY THERAPY, CHEMICAL HEALTH...

LAKELAND MENTAL HEALTH CENTER, INC (LMHC) PROVIDES OUTPATIENT BEHAVIORAL HEALTH CARE SERVICES TO INDIVIDUALS OF ALL AGES. SERVICES CONSIST OF INDIVIDUAL, GROUP AND FAMILY THERAPY, CHEMICAL HEALTH SERVICES, AS WELL AS A VARIETY OF PSYCHOLOGICAL SERVICES. VISITS IN 2023: 35,649HOURS IN 2023: 34,805

Program 2

LMHC PROVIDES CASE MANAGEMENT, DAY TREATMENT, THERAPEUTIC SERVICES AND SUPPORTS, AND LIFE SKILLS TRAINING AND DEVELOPMENT TO CHILDREN/ADOLESCENTS OF ALL AGES. THESE SERVICES ARE OFFERED IN A VARIETY OF LOCATIONS WITHIN THE COMMUNITY INCLUDING BUT NOT LIMITED TO THE OFFICE, CLIENT'S HOME, SCHOOLS, AND OTHER COMMUNITY LOCATIONS. VISITS IN 2023: 29,365HOURS IN 2023: 32,463

Program 3

LMHC PROVIDES OUTPATIENT PSYCHIATRIC SERVICES TO INDIVIDUALS OF ALL AGES. THESE SERVICES CONSIST OF PSYCHIATRIC ASSESSMENTS AND MEDICATION MANAGEMENT. VISITS IN 2023: 19,352HOURS IN 2023: 9,591

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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 $0

Program Service Revenue $18,298,854

Investment Income $318,511

Other Revenue $60,150

TOTAL REVENUE $18,677,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,676,285

Fundraising Expenses $0

Program Expenses $16,338,402

Other Expenses $4,302,278

TOTAL EXPENSES $17,978,563

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,677,515	$19,971,778	-0.1%
Expenses	$17,978,563	$16,224,384	+0.1%
Net Income	$698,952	$3,747,394	-0.8%

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

231

Volunteers

N/A

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

$616,826

Total Directors

$13,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MCCARTHY MIKE	BOARD OF DIRECTORS	1.00	Director	$1,800	$0	$1,800
WILKEN SUE	BOARD OF DIRECTORS	1.00	Director	$1,400	$0	$1,400
SCHNEEBERGER TODD	SECRETARY	1.00	Officer Director	$1,100	$0	$1,100
KALINA TIM	TREASURER	1.00	Officer Director	$1,300	$0	$1,300
MONGEAU JENNY	CHAIR	1.00	Officer Director	$1,500	$0	$1,500
MURPHY BETTY	BOARD OF DIRECTORS	1.00	Director	$100	$0	$100
HAGGERTY NAN	BOARD OF DIRECTORS	1.00	Director	$100	$0	$100
PETERS BENTLEY	BOARD OF DIRECTORS	1.00	Director	$200	$0	$200
JACOBSON PETER	BOARD OF DIRECTORS	1.00	Director	$1,100	$0	$1,100
JOHNSON KEN	BOARD OF DIRECTORS	1.00	Director	$1,200	$0	$1,200
NELSON BARRY	VICE CHAIR	1.00	Officer Director	$1,100	$0	$1,100
RICHARDS SARA	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
GERDE PAUL	BOARD OF DIRECTORS	1.00	Director	$1,000	$0	$1,000
MORTENSON KURT	BOARD OF DIRECTORS	1.00	Director	$1,000	$0	$1,000
WALSH MARY	BOARD OF DIRECTORS	1.00	Director	$700	$0	$700
BAKER DONNA J	CHIEF EXECUTIVE OFFICER	40.00	Officer	$217,951	$20,797	$238,748
JACOBSON TINA	REGIONAL OPERATING OFFICER	40.00	Officer	$118,294	$13,321	$131,615
MASLOSKI THOMAS F JR	CHIEF FINANCIAL OFFICER	40.00	Officer	$115,762	$16,272	$132,034
SCHLESKE BRENDA	REGIONAL OPERATING OFFICER	40.00	Officer	$102,748	$6,681	$109,429
DIZON AMADOR M	PSYCHIATRIST	32.00	Highest	$256,769	$24,333	$281,102
SPAETH STACY D	APRN	40.00	Highest	$153,179	$19,571	$172,750
STATON ROBERT DENNIS	PSYCHIATRIST	40.00	Highest	$171,518	$0	$171,518
VOIGT RYAN	OUT PATIENT THERAPIST	40.00	Highest	$127,948	$19,305	$147,253
LARSON NATHANAEL	OUT PATIENT THERAPIST	40.00	Highest	$129,832	$14,142	$143,974

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	$18,677,515	$17,978,563	$27,787,069	$698,952
2022	$19,971,778	$16,224,384	$26,233,564	$3,747,394
2021	$17,385,019	$15,796,292	$24,562,149	$1,588,727
2020	$16,983,531	$15,980,800	$23,164,444	$1,002,731
2019	$16,408,312	$16,019,596	$19,276,185	$388,716
2018	$16,189,055	$15,651,280	$18,826,424	$537,775