LAKEMARY CENTER INC (EIN 480732570) - 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

1966

Legal Domicile

Principal Officer

MICHELLE ERICKSON

Phone

9135574000

Tax Period

2022-07-01 to 2023-06-30

LAKEMARY CENTER INC, founded in 1966, is a mid-sized nonprofit in the Human Services sector that reported $30.9M in total revenue in fiscal year 2022.

Mission

TO PROVIDE CHOICES AND OPPORTUNITIES FOR PERSONS WITH SPECIAL NEEDS TO MAXIMIZE THE FREEDOM AND CONTROL THEY CAN BRING TO THEIR OWN LIVES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,928,310

Program Service Revenue $27,195,462

Investment Income $548,788

Other Revenue $180,463

TOTAL REVENUE $30,853,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,036,365

Fundraising Expenses $551,667

Program Expenses $27,075,862

Other Expenses $6,546,253

TOTAL EXPENSES $31,582,618

Year-over-Year Comparison

	2022	2021	Change
Revenue	$30,853,023	$30,206,701	+0.0%
Expenses	$31,582,618	$29,333,155	+0.1%
Net Income	$-729,595	$873,546	-1.8%

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

704

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

$309,814

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD MITTS JR	DIRECTOR	1.00	Director	$0	$0	$0
GARY WEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
BARRY FINK	DIRECTOR	1.00	Director	$0	$0	$0
LYDIA MARIEN	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$0	$0
GAYLE RICHARDSON	DIRECTOR/TREASURER	1.00	Officer Director	$0	$0	$0
PAUL SOKOLOFF	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY MEEK	DIRECTOR/VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOAN HORAN	DIRECTOR	1.00	Director	$0	$0	$0
TIM LANG	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SANDERS	DIRECTOR/CHAIR	1.00	Officer Director	$0	$0	$0
JEFF ABERDEEN	DIRECTOR	1.00	Director	$0	$0	$0
DR WILLIAM CRAIG	DIRECTOR	1.00	Director	$0	$0	$0
NANCY LUSK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KASEFF	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PROFFITT	DIRECTOR	1.00	Director	$0	$0	$0
LONNIE KING	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA SIPES	DIRECTOR	1.00	Director	$0	$0	$0
KIRK DAVIS	PRESIDENT/CEO	40.00	Officer	$207,985	$27,344	$235,329
CHERIE DUFFY	CFO	40.00	Officer	$72,169	$2,316	$74,485
KARI CARMONA	DSP1-DAY OLATHE	40.00	Highest	$134,910	$5,557	$140,467
MINNIE GATES	DSP1-EVENING OLATHE	40.00	Highest	$136,264	$9,827	$146,091
SHALAUNDA GRAY	PRTF MEDICAL DIRECTOR & PSYCH	40.00	Highest	$290,653	$14,729	$305,382
BELTHA OBELE	DSP1-EVENING OLATHE	40.00	Highest	$127,444	$10,036	$137,480
CHARLES MUTUMBA	DSP2-DAY OLATHE	40.00	Highest	$144,732	$12,796	$157,528

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	No data	No data	No data	No data
2023	$30,853,023	$31,582,618	$32,345,786	$-729,595
2022	$30,206,701	$29,333,155	$25,940,420	$873,546
2021	$30,614,653	$29,634,491	$28,512,802	$980,162
2020	$29,163,791	$29,175,707	$25,196,133	$-11,916
2019	$29,329,597	$29,656,331	$24,951,308	$-326,734
2018	$28,253,512	$26,419,475	$17,423,974	$1,834,037

LAKEMARY CENTER INC