LAKES AREA SENIOR ACTIVITY CENTER INC (EIN 411360211) - 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

2004

Legal Domicile

Principal Officer

KATHY TUSA

Phone

2184545056

Tax Period

2024-01-01 to 2024-12-31

LAKES AREA SENIOR ACTIVITY CENTER INC, founded in 2004, is a small nonprofit that reported $456K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $429K left a modest 6% surplus.

Mission

ENCOURAGING MATURE ADULTS TO ENGAGE IN HEALTHY LIVING, SOCIALIZATION, LIFE LONG LEARNING AND COMMUNITY CONNECTIONS.

🔒

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 $200,183

Program Service Revenue $72,234

Investment Income $6,686

Other Revenue $176,579

TOTAL REVENUE $455,682

Expense Breakdown

Grants Paid $4,080

Salaries & Benefits $158,366

Fundraising Expenses $0

Program Expenses $330,747

Other Expenses $266,199

TOTAL EXPENSES $428,645

Year-over-Year Comparison

	2024	2023	Change
Revenue	$455,682	$380,466	+0.2%
Expenses	$428,645	$389,676	+0.1%
Net Income	$27,037	$-9,210	-3.9%

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

180

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

$67,937

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY TUSA	PRESIDENT	1.00	Officer Director	$0	$0	$0
NEOLA RAASCH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE BARROWS	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE BUXTON	DIRECTOR	1.00	Director	$0	$0	$0
JOSIAH HEAL	DIRECTOR	1.00	Director	$0	$0	$0
LIZ HOLT	DIRECTOR	1.00	Director	$0	$0	$0
LANA LEDOUX	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LEMIEUX	DIRECTOR	1.00	Director	$0	$0	$0
KURT NELSON	DIRECTOR	1.00	Director	$0	$0	$0
AMY PRICE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RABOIN	DIRECTOR	1.00	Director	$0	$0	$0
NICK REINDL	DIRECTOR	1.00	Director	$0	$0	$0
GAYLE TRZPUC	DIRECTOR	1.00	Director	$0	$0	$0
LYNN ZIMBELMAN	DIRECTOR	1.00	Director	$0	$0	$0
DEANN BARRY	EXECUTIVE DIRECTOR	40.00	Officer	$65,958	$1,979	$67,937

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	$455,682	$428,645	$1,352,903	$27,037
2023	$380,466	$389,676	$1,327,656	$-9,210
2022	$403,122	$410,072	$1,343,586	$-6,950
2020	$365,564	$384,077	$1,164,025	$-18,513
2019	$694,886	$451,087	$1,176,827	$243,799
2018	$390,610	$438,239	$930,529	$-47,629

LAKES AREA SENIOR ACTIVITY CENTER INC