LAKELAND POST-RETIREMENT MEDICAL T… - Form 990 Financial Data

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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

2013

Legal Domicile

Principal Officer

HEATHER LALLO

Phone

8669897999

Tax Period

2023-01-01 to 2023-12-31

LAKELAND POST-RETIREMENT MEDICAL TRUST, founded in 2013, is a small nonprofit in the Mutual Benefit sector that reported $461K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $409K, a strong 89% operating margin.

Mission

THE TRUST WAS ESTABLISHED TO FUND THE POSTRETIREMENT OBLIGATION OF LAKELAND REGIONAL HEALTH SYSTEM.

Program Service Accomplishments

Program 1

PAYMENT OF STIPEND TO ELIGIBLE RETIREES TOWARDS THE PURCHASE OF HEALTH INSURANCE OR TO PURCHASE THEIR OWN MEDICARE STOP LOSS INSURANCE COVERAGE. NUMBER OF ACTIVE MEMBERS IN THE PLAN IS 456. TOTAL...

PAYMENT OF STIPEND TO ELIGIBLE RETIREES TOWARDS THE PURCHASE OF HEALTH INSURANCE OR TO PURCHASE THEIR OWN MEDICARE STOP LOSS INSURANCE COVERAGE. NUMBER OF ACTIVE MEMBERS IN THE PLAN IS 456. TOTAL EMPLOYEES THAT COULD BECOME ELIGIBLE TO RECIEVE FUTURE BENEFITS UPON RETIREMENT IS 410.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $461,319

Other Revenue $0

TOTAL REVENUE $461,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $52,754

TOTAL EXPENSES $52,754

Year-over-Year Comparison

	2023	2022	Change
Revenue	$461,319	$335,204	+0.4%
Expenses	$52,754	$79,296	-0.3%
Net Income	$408,565	$255,908	+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

N/A

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

$2,280,362

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CELESTE MCINTYRE	TRUSTEE	1.00	Director	$0	$157,127	$700,823
HEATHER LALLO	TRUSTEE	1.00	Director	$0	$47,119	$467,544
STEPHANIE OSTRANDER	TRUSTEE	1.00	Director	$0	$46,826	$397,968
LINDA MACDONALD	TRUSTEE	1.00	Director	$0	$122,742	$714,027

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	$461,319	$52,754	$18,287,609	$408,565
2022	$335,204	$79,296	$15,883,794	$255,908
2021	$317,339	$85,761	$18,539,802	$231,578
2020	$2,679,875	$118,060	$14,983,608	$2,561,815
2019	$614,049	$178,781	$14,081,599	$435,268
2018	$857,823	$615,095	$13,527,331	$242,728

LAKELAND POST-RETIREMENT MEDICAL TRUST