LAKE AREA INDUSTRIES INC (EIN 431294096) - 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

1982

Legal Domicile

Principal Officer

NATALIE COUCH

Phone

5733467934

Tax Period

2025-01-01 to 2025-12-31

LAKE AREA INDUSTRIES INC, founded in 1982, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2025.

Mission

TO PROVIDE MEANINGFUL EMPLOYMENT FOR INDIVIDUALS WITH DISABILITIES IN THEIR CHOICE OF SHELTERED OR COMMUNITY INTEGRATED SETTINGS; EMPOWERING THEM TO REACH THEIR INDIVIDUAL CAREER GOALS AND REALIZE ECONOMIC SELF-SUFFICIENCY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $601,038

Program Service Revenue $513,564

Investment Income $43,524

Other Revenue $329

TOTAL REVENUE $1,158,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $840,071

Fundraising Expenses $0

Program Expenses $704,479

Other Expenses $292,928

TOTAL EXPENSES $1,132,999

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,158,455	$1,123,040	+0.0%
Expenses	$1,132,999	$1,054,634	+0.1%
Net Income	$25,456	$68,406	-0.6%

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

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

$82,171

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATALIE COUCH	EXECUTIVE DI	47.00	Officer	$79,011	$3,160	$82,171
ROBERT BIXBY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOETTA HOUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY HAYSLETT	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM MAHER	TREASURER	1.00	Officer Director	$0	$0	$0
THERESA MOYER	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBRAH PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA PLATTER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PATSY RILEY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JAMES S ROGERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
LORRI ROTH	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN SCHUSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY WILLIAMS	BOARD MEMBER	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	$1,158,455	$1,132,999	$1,670,064	$25,456
2024	$1,123,040	$1,054,634	$1,633,358	$68,406
2023	$1,079,580	$875,929	$1,555,120	$203,651
2022	$934,914	$842,033	$1,414,758	$92,881
2021	$1,220,368	$923,791	$1,265,362	$296,577
2020	$1,176,554	$876,798	$969,542	$299,756
2019	$938,731	$789,792	$664,696	$148,939
2018	$932,254	$826,050	$525,721	$106,204

LAKE AREA INDUSTRIES INC