LAKE REGION HALFWAY HOMES INC (EIN 411236274) - 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

1977

Legal Domicile

Phone

2187399084

Tax Period

2024-01-01 to 2024-12-31

LAKE REGION HALFWAY HOMES INC, founded in 1977, is a small nonprofit in the Mental Health sector that reported $505K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $482K left a modest 4% surplus.

Mission

HALFWAY HOME FOR THE CHEMICALLY DEPENDENT

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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 $1,500

Program Service Revenue $466,221

Investment Income $7,438

Other Revenue $29,601

TOTAL REVENUE $504,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $364,467

Fundraising Expenses $0

Program Expenses $355,888

Other Expenses $117,624

TOTAL EXPENSES $482,091

Year-over-Year Comparison

	2024	2023	Change
Revenue	$504,760	$422,849	+0.2%
Expenses	$482,091	$497,759	0.0%
Net Income	$22,669	$-74,910	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
PRESTON BERG	President	Director	$0	$0	$0
MICHELLE WILSON	Vice President	Director	$0	$0	$0
RICK WICKLUND	Treasurer	Director	$0	$0	$0
DAN LIPSON	Secretary	Director	$0	$0	$0
MELISSA JENSEN	President	Director	$0	$0	$0
MARY MATTESON	Director	Director	$0	$0	$0
JASON SCHUETZLE	Director	Director	$0	$0	$0
ADAM SILBERNAGEL	Director	Director	$0	$0	$0
CAREY JOHNSON	Director	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	$504,760	$482,091	$163,123	$22,669
2023	$422,849	$497,759	$167,776	$-74,910
2022	$554,117	$583,134	$221,352	$-29,017
2021	$581,647	$535,215	$252,991	$46,432
2020	$564,748	$518,408	$191,177	$46,340

LAKE REGION HALFWAY HOMES INC