LAKES AREA HABITAT FOR HUMANITY

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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

1990

Legal Domicile

Principal Officer

KEVIN PELKEY

Phone

2188288517

Tax Period

2024-07-01 to 2025-06-30

LAKES AREA HABITAT FOR HUMANITY, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES AND HOPE THROUGHOUT THE LAKES AREA.

Program Service Accomplishments

Program 1

Expenses: $1,032,442 Revenue: $530,049

LAKES AREA HABITAT FOR HUMANITY WORKS WITH SELECTED LOW-INCOME FAMILIES TO CONSTRUCT NEW AND REHABILITATED HOMES, AND THEN SELLS THE HOMES TO THE FAMILIES. THREE HOMES WERE SOLD DURING THE CURRENT...

LAKES AREA HABITAT FOR HUMANITY WORKS WITH SELECTED LOW-INCOME FAMILIES TO CONSTRUCT NEW AND REHABILITATED HOMES, AND THEN SELLS THE HOMES TO THE FAMILIES. THREE HOMES WERE SOLD DURING THE CURRENT FISCAL YEAR TO FAMILIES IN NEED.

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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 $1,026,619

Program Service Revenue $513,371

Investment Income $4,882

Other Revenue $-254,535

TOTAL REVENUE $1,290,337

Expense Breakdown

Grants Paid $6,524

Salaries & Benefits $493,228

Fundraising Expenses $128,533

Program Expenses $1,032,442

Other Expenses $945,647

TOTAL EXPENSES $1,445,399

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,290,337	$1,469,254	-0.1%
Expenses	$1,445,399	$1,576,318	-0.1%
Net Income	$-155,062	$-107,064	+0.4%

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

200

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

$97,389

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
MARY ANDERSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
NANCY JOHNSON HOUG	DIRECTOR	2.00	Director	$0	$0	$0
CARRIE LEE	TREASURER	2.00	Officer Director	$0	$0	$0
BRUCE MCKIRDY	DIRECTOR	2.00	Director	$0	$0	$0
ROGER OBERG	DIRECTOR	2.00	Director	$0	$0	$0
COLETTE HUSTON	DIRECTOR	2.00	Director	$0	$0	$0
GREG LARSON	CHAIR	2.00	Officer Director	$0	$0	$0
CARRIE REIERSON	SECRETARY	2.00	Officer Director	$0	$0	$0
MATT DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
DORENE TAUTGES	DIRECTOR	2.00	Director	$0	$0	$0
RAE ZAHN	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN PELKEY	EXECUTIVE DIRECTOR	40.00	Officer	$97,389	$0	$97,389

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	$1,290,337	$1,445,399	$7,049,037	$-155,062
2024	$1,469,254	$1,576,318	$7,095,555	$-107,064
2023	$1,984,996	$1,592,069	$5,802,740	$392,927
2022	$1,768,721	$1,371,900	$4,676,684	$396,821
2021	$1,360,788	$930,168	$4,365,549	$430,620
2020	$1,470,204	$1,188,719	$4,041,242	$281,485
2019	$1,126,334	$1,066,863	$3,844,987	$59,471