LAKESIDE LUTHERAN HOME (EIN 420937127) - 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

1968

Legal Domicile

Phone

7128524060

Tax Period

2022-07-01 to 2023-06-30

LAKESIDE LUTHERAN HOME, founded in 1968, is a community nonprofit in the Human Services sector that reported $3.8M in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year. Expenses of $4.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

CARE OF THE AGED

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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 (2022)

Revenue Breakdown

Contributions & Grants $96,897

Program Service Revenue $3,668,668

Investment Income $3,685

Other Revenue $2,316

TOTAL REVENUE $3,771,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,741,732

Fundraising Expenses $0

Program Expenses $3,778,921

Other Expenses $1,550,389

TOTAL EXPENSES $4,292,121

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,771,566	$4,280,490	-0.1%
Expenses	$4,292,121	$3,947,878	+0.1%
Net Income	$-520,555	$332,612	-2.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK EVANS	Director	1.00	Director	$0	$0	$0
FREDERICK MORLOCK	Director	1.00	Director	$0	$0	$0
LARRY SONKSEN	Director	1.00	Director	$0	$0	$0
JOHN WOLF	Director	1.00	Director	$0	$0	$0
JOAN BARBER	Secretary	1.00	Director	$0	$0	$0
BILL KINNETZ	Secretary	1.00	Officer Director	$0	$0	$0
FRANK VELTRI	President	2.00	Officer Director	$0	$0	$0
GREG EGLAND	Vice President	2.00	Officer Director	$0	$0	$0
KATHRYN MERRIL	Director	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,771,566	$4,292,121	$2,875,330	$-520,555
2022	$4,280,490	$3,947,878	$3,404,383	$332,612
2021	$4,229,386	$4,019,930	$3,223,877	$209,456
2020	$3,802,144	$3,883,587	$3,647,287	$-81,443
2019	$3,522,886	$3,527,653	$3,097,551	$-4,767

LAKESIDE LUTHERAN HOME