LAKES HOMES AND PROGRAM DEVELOPMENT INC (EIN 411341496) - 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

Principal Officer

ROGER JOSEPHSON

Phone

2188475642

Tax Period

2021-07-01 to 2022-06-30

LAKES HOMES AND PROGRAM DEVELOPMENT INC, founded in 1977, is a community nonprofit in the Human Services sector that reported $7.1M in total revenue in fiscal year 2021. Expenses of $6.4M left a modest 11% surplus.

Mission

TO PROVIDE RESIDENTIAL AND SUPPORTIVE LIVING SERVICES FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES

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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 (2021)

Revenue Breakdown

Contributions & Grants $8,366

Program Service Revenue $7,109,432

Investment Income $20,814

Other Revenue $0

TOTAL REVENUE $7,138,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,363,354

Fundraising Expenses $0

Program Expenses $6,048,327

Other Expenses $990,287

TOTAL EXPENSES $6,353,641

Year-over-Year Comparison

	2021	2020	Change
Revenue	$7,138,612	$6,796,510	+0.1%
Expenses	$6,353,641	$5,970,432	+0.1%
Net Income	$784,971	$826,078	0.0%

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

176

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI BACHMANN	DIRECTOR	0.50	Director	$0	$0	$0
SUE BERG	DIRECTOR	0.50	Director	$0	$0	$0
KEITH GILBERTSON	DIRECTOR	0.50	Director	$0	$0	$0
TOM HOLWEGER	DIRECTOR	0.50	Director	$0	$0	$0
ROGER JOSEPHSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOANN SCHOTT	DIRECTOR	0.50	Director	$0	$0	$0
FRANK SKOLTE	SECRETARY/TR	0.50	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
2022	$7,138,612	$6,353,641	$7,850,872	$784,971
2021	$6,796,510	$5,970,432	$7,132,336	$826,078
2020	$6,053,882	$5,754,141	$6,383,027	$299,741
2019	$5,877,851	$5,645,001	$5,975,399	$232,850
2018	$5,367,449	$5,624,590	$5,922,917	$-257,141

LAKES HOMES AND PROGRAM DEVELOPMENT INC