Lakeside Partners of Wilmington Inc (EIN 472014889) - 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

2010

Legal Domicile

Principal Officer

MATT THOMPSON

Phone

9107634424

Tax Period

2024-07-01 to 2025-06-30

Lakeside Partners of Wilmington Inc, founded in 2010, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 68% operating margin.

Mission

To develop, build and operate permanent supportive rental housing for single men and women with a history of chronic homelessness and a disability.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $486,730

Program Service Revenue $411,786

Investment Income $190,643

Other Revenue $560,617

TOTAL REVENUE $1,649,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $526,558

Other Expenses $526,613

TOTAL EXPENSES $526,613

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,649,776	$2,336,407	-0.3%
Expenses	$526,613	$788,086	-0.3%
Net Income	$1,123,163	$1,548,321	-0.3%

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

N/A

Volunteers

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

$172,624

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT THOMPSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
STEPHANIE MANN	TREASURER	5.00	Officer Director	$0	$0	$0
CAROL ATWOOD	SECRETARY	5.00	Officer Director	$0	$0	$0
WATSON BARNES	DIRECTOR	5.00	Director	$0	$0	$0
STEVEN SMILEY	DIRECTOR	5.00	Director	$0	$0	$0
BILL SCHOETTELKOTTE	DIRECTOR	5.00	Director	$0	$0	$0
JERRY HURTWITZ	DIRECTOR	5.00	Director	$0	$0	$0
KATRINA KNIGHT	EXECUTIVE DIRECTOR	40.00	Officer	$0	$15,856	$172,624
LAUREN HENDERSON	CHIEF FINANCE & OPERATIONS	40.00	Highest	$0	$14,720	$143,094

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	$1,649,776	$526,613	$11,583,470	$1,123,163
2024	$2,336,407	$788,086	$10,485,018	$1,548,321
2023	$2,479,540	$466,006	$8,883,209	$2,013,534
2022	$331,512	$421,604	$6,866,027	$-90,092
2021	$329,325	$400,556	$6,987,429	$-71,231
2020	$1,756,117	$374,459	$7,049,712	$1,381,658
2019	$308,126	$190,445	$6,053,694	$117,681

Lakeside Partners of Wilmington Inc