LAKE COUNTY DEVELOPMENTAL ACHIEVEM… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

PATTY CARTER

Phone

2188345767

Tax Period

2024-01-01 to 2024-12-31

LAKE COUNTY DEVELOPMENTAL ACHIEVEMENT CENTER INC, founded in 1971, is a small nonprofit that reported $776K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $715K left a modest 8% surplus.

Mission

LAKE COUNTY DEVELOPMENTAL ACHIEVEMENT CENTER, INC. (DAC) IS A LICENSED NON-PROFIT PROVIDER OF EMPLOYMENT AND DAY SUPPORT SERVICES FOR ADULTS OVER 18 YEARS OF AGE AND WHO ARE DIAGNOSED WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. OUR MISSION IS: TO SUPPORT EACH INDIVIDUAL ACHIEVE THE HIGHEST LEVEL OF INDEPENDENCE

Program Service Accomplishments

Program 1

Expenses: $456,988 Revenue: $667,765

THE LAKE COUNTY DEVELOPMENTAL ACHIEVEMENT CENTER, INC. (DAC) PROVIDES A RANGE OF QUALITY SERVICES PROMOTING COMMUNITY INCLUSION IN ADULTS (18 YEARS OF AGE AND OLDER) WHO ARE DIAGNOSED WITH...

THE LAKE COUNTY DEVELOPMENTAL ACHIEVEMENT CENTER, INC. (DAC) PROVIDES A RANGE OF QUALITY SERVICES PROMOTING COMMUNITY INCLUSION IN ADULTS (18 YEARS OF AGE AND OLDER) WHO ARE DIAGNOSED WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES (IDD). THE DAC OFFERS A 240 DAY SCHEDULE IN DOWNTOWN TWO HARBORS WHERE TRAINED PROGRAM STAFF WORK WITH INDIVIDUALS SERVED TO CREATE HAND-LOOMED RUGS,SHRED CONFIDENTIAL DOCUMENTS, AND PARTICIPATE IN OTHER PAID JOBS THROUGH LOCAL BUSINESSES AND COMMUNITY MEMBERS. ALSO, THE DAC PROMOTES INDIVIDUALIZED SERVICES TO PEOPLE SERVED TO ENGAGE IN COMMUNITY BASED ACTIVITIES THAT SUPPORT SOCIALIZATION, EDUCATION, RECREATION, AND PERSONAL DEVELOPMENT FOR THE PURPOSE OF BUILDING AND STRENGTHENING RELATIONSHIPS.

Program 2

Expenses: $64,988 Revenue: $30,142

THE LAKE COUNTY DEVELOPMENTAL ACHIEVEMENT CENTER, INC. (DAC) IS CONTRACTED THROUGH THE LAKE COUNTY GOVERNMENT ENTITY TO OPERATE A 250 PROGRAM DAY SCHEDULE AT THE TWO HARBORS RECYCLING CENTER, WHERE PROGRAM STAFF WORK WITH INDIVIDUALS SERVED WHO ARE PAID TO PROCESS THE COMMUNITY'S RECYCLABLES.

Program 3

Expenses: $18,736 Revenue: $7,720

THE LAKE COUNTY DEVELOPMENTAL ACHIEVEMENT CENTER, INC. (DAC) OPERATES A CHORE CREW WHERE PROGRAM STAFF WORK WITH INDIVIDUALS WHO ARE PAID TO WORK IN LAWN CARE, SNOW REMOVAL, AND RECYCLING PICKUPS FOR...

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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 (2024)

Revenue Breakdown

Contributions & Grants $32,691

Program Service Revenue $705,627

Investment Income $36,804

Other Revenue $587

TOTAL REVENUE $775,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $566,598

Fundraising Expenses $0

Program Expenses $540,712

Other Expenses $148,210

TOTAL EXPENSES $714,808

Year-over-Year Comparison

	2024	2023	Change
Revenue	$775,709	$867,409	-0.1%
Expenses	$714,808	$731,383	0.0%
Net Income	$60,901	$136,026	-0.6%

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

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

$149,778

Total Directors

$85,792

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATTY CARTER	CHAIR	1.00	Officer Director	$0	$0	$0
MARION CARR	TREASURER	1.00	Officer Director	$0	$0	$0
JEAN SHOQUIST	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MCDONALD	EXECUTIVE DI	40.00	Officer Director	$69,861	$15,931	$85,792
BRENDA WOOD	FINANCE & AD	35.00	Officer	$52,974	$11,012	$63,986

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
2025	No data	No data	No data	No data
2024	$775,709	$714,808	$1,401,693	$60,901
2023	$867,409	$731,383	$1,328,397	$136,026
2022	$1,029,620	$717,173	$1,242,558	$312,447
2021	$877,817	$701,581	$1,047,769	$176,236
2020	$564,838	$633,196	$929,601	$-68,358
2019	$755,733	$737,337	$906,002	$18,396
2018	$714,936	$765,396	$910,694	$-50,460

LAKE COUNTY DEVELOPMENTAL ACHIEVEMENT CENTER INC