LAKESIDE PLAZA INC

EIN: 480772162

MCPHERSON, KS

Total Revenue
$560,793
Total Expenses
$615,808
Total Assets
$1,338,210
Net Assets
$1,230,956
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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
1971
Legal Domicile
KS
Principal Officer
BONNIE HOFFMAN
Tax Period
2023-09-01 to 2024-08-31

LAKESIDE PLAZA INC, founded in 1971, is a small nonprofit that reported $561K in total revenue in fiscal year 2023. Net assets of $1.2M represent 26 months of operating reserves.

Mission

PROVIDE AFFORDABLE HOUSING TO QUALIFIED INDIVIDUALS INCLUDING LOW AND MODERATE INCOME, LOW INCOME HOUSING COMPLEX (1OO UNIT)

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $559,901
Investment Income $892
Other Revenue $0
TOTAL REVENUE $560,793

Expense Breakdown

Grants Paid $0
Salaries & Benefits $217,022
Fundraising Expenses $0
Program Expenses $577,963
Other Expenses $398,786
TOTAL EXPENSES $615,808

Year-over-Year Comparison

2023 2022 Change
Revenue $560,793 $570,791 0.0%
Expenses $615,808 $638,645 0.0%
Net Income $-55,015 $-67,854 -0.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
7
Volunteers
7

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
6
$64,898
Total Directors
5
$0
Key Employees
1
$64,898
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONNIE HOFFMAN MANAGEMENT AGENT 40.00
Officer Key Emp
$63,008 $1,890 $64,898
DEBBIE HAWKINSON CHAMBER EXECUTIVE DIRECTOR 0.00
Officer Director
$0 $0 $0
COURTNEY RIERSON TREASURER 0.00
Officer Director
$0 $0 $0
CHAD HITT DIRECTOR 0.00
Officer Director
$0 $0 $0
TIFFANI FLOYD DIRECTOR 0.00
Officer Director
$0 $0 $0
CARLYN LEMON DIRECTOR 0.00
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 $560,793 $615,808 $1,338,210 $-55,015
2023 $570,791 $638,645 $1,401,142 $-67,854
2022 $547,705 $614,998 $1,466,360 $-67,293
2021 $542,912 $618,321 $1,522,047 $-75,409
2020 $529,467 $613,310 $1,593,532 $-83,843
2019 $530,329 $589,709 $1,661,682 $-59,380
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