LAKE PRESTON HOUSING INC (EIN 460320560) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Principal Officer

RICK HILLESTAD

Tax Period

2023-01-01 to 2023-12-31

LAKE PRESTON HOUSING INC, founded in 1973, is a small nonprofit that reported $212K in total revenue in fiscal year 2018. Expenses of $236K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE 40 UNITS OF LOW INCOME HOUSING

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $230,876

Investment Income $1,229

Other Revenue $0

TOTAL REVENUE $232,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $228,068

Other Expenses $268,634

TOTAL EXPENSES $268,634

Year-over-Year Comparison

	2023	2022	Change
Revenue	$232,105	$248,890	-0.1%
Expenses	$268,634	$250,028	+0.1%
Net Income	$-36,529	$-1,138	+31.1%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY OLSON	MEMBER AT LARGE	1.00	Director	$0	$0	$0
ANDREW WIENK	MEMBER AT LARGE	1.00	Director	$0	$0	$0
BRIAN ZEECK	MEMBER AT LARGE	1.00	Director	$0	$0	$0
JAKE SMITH	MEMBER AT LARGE	1.00	Director	$0	$0	$0
LINDA IVERSON	VICE PRESIDENT	1.00	Director	$0	$0	$0
DARLENE DEKNIKKER	SECRETARY TREASURER	1.00	Director	$0	$0	$0
RICK HILLESTAD	PRESIDENT	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$232,105	$268,634	$553,496	$-36,529
2022	$248,890	$250,028	$560,670	$-1,138
2021	$223,746	$219,429	$473,266	$4,317
2020	$213,217	$222,481	$487,969	$-9,264
2019	$211,582	$243,646	$524,741	$-32,064
2018	$211,959	$235,555	$577,219	$-23,596

LAKE PRESTON HOUSING INC