LAKE AREA MINISTRIES INC (EIN 431476190) - 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

1987

Legal Domicile

Principal Officer

SUSAN FUHRER

Tax Period

2023-07-01 to 2024-06-30

LAKE AREA MINISTRIES INC, founded in 1987, is a small nonprofit in the Human Services sector that reported $110K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $21K, a strong 19% operating margin.

Mission

EMERGENCY RELEIF TO THE NEEDY AND SENIORS INCLUDING ELECTRIC, GAS, FOOD MEDICATION, SHOES, HEATING, CLOTHING TRANSPORTATION HOME, SENIOR RENT, IDENTIFICATION, FIRE LOSS HELP, TORNADO LOSS HELP, HOUSEHOLD ITEM REPLACEMENT, SEWER, CLEANING, WATER

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $62,437

Program Service Revenue $0

Investment Income $84

Other Revenue $47,864

TOTAL REVENUE $110,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,518

Fundraising Expenses $0

Program Expenses $56,528

Other Expenses $44,683

TOTAL EXPENSES $89,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$110,385	$395,600	-0.7%
Expenses	$89,201	$225,003	-0.6%
Net Income	$21,184	$170,597	-0.9%

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

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

Total Directors

$2,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY MITCHELL	MANAGER	40.00	Highest	$33,333	$0	$33,333
CHRIS GOLDSBERRY	BOARD MEMBER	1.00	Director	$2,004	$0	$2,004
KIMBERLY CRICKARD	BOARD MEMBER	0.00	Director	$0	$0	$0
SUE WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
COLETTE NAGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY PATTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN HALE	BOARD OF DIRECTORS	3.00	Director	$0	$0	$0
KATHY BESANCENEZ	BOARD OF DIRECTORS	3.00	Director	$0	$0	$0
NANCY ZOELNER	VICE PRESIDENT	2.00	Director	$0	$0	$0
MELODY PEW	BOARD MEMBER	1.00		$0	$0	$0
SUSAN FUHRER	TREASURER	12.00	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	No data	No data	No data	No data
2024	$110,385	$89,201	$681,487	$21,184
2023	$395,600	$225,003	$660,303	$170,597
2022	$356,971	$290,101	$490,314	$66,870
2021	$170,004	$76,205	$425,324	$93,799
2020	$124,368	$100,353	$339,488	$24,015
2019	$260,573	$273,749	$327,292	$-13,176
2018	$333,875	$252,031	$355,915	$81,844

LAKE AREA MINISTRIES INC