LAKE MILLS FAMILY CENTER

EIN: 421235795 501(c)(3) Human Services

LAKE MILLS, IA

Total Revenue
$696,322
Total Expenses
$769,626
Total Assets
$706,702
Net Assets
$706,234
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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
1984
Legal Domicile
IA
Principal Officer
JORDAN COLBY
Phone
6415927549
Tax Period
2024-09-01 to 2025-08-31

LAKE MILLS FAMILY CENTER, founded in 1984, is a small nonprofit in the Human Services sector that reported $696K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $770K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE AFFORDABLE DAYCARE SERVICES AND FITNESS FACILITY TO LOCAL RESIDENTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $55,136
Program Service Revenue $633,771
Investment Income $3,983
Other Revenue $3,432
TOTAL REVENUE $696,322

Expense Breakdown

Grants Paid $0
Salaries & Benefits $519,743
Fundraising Expenses $0
Program Expenses $769,626
Other Expenses $249,883
TOTAL EXPENSES $769,626

Year-over-Year Comparison

2024 2023 Change
Revenue $696,322 $742,027 -0.1%
Expenses $769,626 $746,686 +0.0%
Net Income $-73,304 $-4,659 +14.7%
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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Governance

Voting Members
17
Independent Members
17
Employees
39
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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HANNAH DUPONT BOARD MEMBER N/A
Director
$0 $0 $0
MATT JOHANSON BOARD MEMBER N/A
Director
$0 $0 $0
JUSTIN KESTER BOARD MEMBER N/A
Director
$0 $0 $0
WILL MCCORMICK BOARD MEMBER N/A
Director
$0 $0 $0
JEROD OSHEIM BOARD MEMBER N/A
Director
$0 $0 $0
LARRY RICE PRESIDENT, L N/A
Director
$0 $0 $0
BRODY RILES BOARD MEMBER N/A
Director
$0 $0 $0
CHADEN RILES BOARD MEMBER N/A
Director
$0 $0 $0
CHALSEA RODER BOARD MEMBER N/A
Director
$0 $0 $0
LUCAS STORBY BOARD MEMBER N/A
Director
$0 $0 $0
CHUCK THORSON BOARD MEMBER N/A
Director
$0 $0 $0
TOM WILHELM BOARD MEMBER N/A
Director
$0 $0 $0
BRANDON WOLF BOARD MEMBER N/A
Director
$0 $0 $0
ASHLEY BRACKEY LMCPD DIRECT N/A
Officer
$0 $0 $0
JORDAN COLBY PRESIDENT N/A
Officer
$0 $0 $0
CASSIE JOHNSON VICE PRESIDE N/A
Officer
$0 $0 $0
MARIE MENKE FINANCIAL MA N/A
Officer
$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 $696,322 $769,626 $706,702 $-73,304
2024 $742,027 $746,686 $780,572 $-4,659
2023 $639,834 $753,461 $784,197 $-113,627
2022 $1,021,255 $660,008 $898,443 $361,247
2021 $703,727 $616,337 $541,858 $87,390
2020 $621,383 $569,516 $453,185 $51,867
2019 $644,648 $623,133 $397,320 $21,515
2018 $707,585 $665,683 $384,153 $41,902
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