LAKE PRINCE CENTER (EIN 562151716) - 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

1999

Legal Domicile

Principal Officer

LEE SYRIA

Phone

8284658019

Tax Period

2023-10-01 to 2024-09-30

LAKE PRINCE CENTER, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $17.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

A CHRISTIAN MINISTRY PROVIDING VIBRANT LIVING, DIVERSE EDUCATION PROGRAMS OF OUTREACH AND COMPASSIONATE SERVICES.

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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 $64,880

Program Service Revenue $16,540,668

Investment Income $78,453

Other Revenue $311,301

TOTAL REVENUE $16,995,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,859,010

Fundraising Expenses $0

Program Expenses $11,321,835

Other Expenses $9,712,693

TOTAL EXPENSES $17,571,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,995,302	$15,077,811	+0.1%
Expenses	$17,571,703	$15,095,643	+0.2%
Net Income	$-576,401	$-17,832	+31.3%

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

274

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

$790,012

Total Directors

Key Employees

$257,931

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PARKER HOWELL	CHAIR	0.10	Officer Director	$0	$0	$0
BRAD THIE	VICE CHAIR	0.10	Officer Director	$0	$0	$0
GREGORY ALCORN	SECRETARY	0.10	Officer Director	$0	$0	$0
JULIUS ABERNETHY	BOARD MEMBER	0.10	Director	$0	$0	$0
LARRY BOLICK	BOARD MEMBER	0.10	Director	$0	$0	$0
ANTHONY BRANCH	BOARD MEMBER	0.10	Director	$0	$0	$0
JEFF GILLIAM	BOARD MEMBER	0.10	Director	$0	$0	$0
ALLEN GRAY	BOARD MEMBER	0.10	Director	$0	$0	$0
HUNTER MARCH	BOARD MEMBER	0.10	Director	$0	$0	$0
SHANE SMITH	BOARD MEMBER	0.10	Director	$0	$0	$0
CORY TOBIN	BOARD MEMBER	0.10	Director	$0	$0	$0
MARGIE WILEY	BOARD MEMBER	0.10	Director	$0	$0	$0
LEE SYRIA	PRESIDENT AND CEO	0.10	Officer	$0	$48,900	$541,411
TAMMY JONES	CFO	0.10	Officer	$0	$33,710	$248,601
JUDY RAYMOND	EXECUTIVE DIRECTOR	40.00	Key Emp	$222,510	$35,421	$257,931
BRANDI SPIVEY	ADMINISTRATOR HOME HEALTH	40.00	Highest	$108,365	$11,611	$119,976
TAMMY GARRETT	DIRECTOR OF MARKETING	40.00	Highest	$149,513	$3,188	$152,701

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	$16,995,302	$17,571,703	$36,229,408	$-576,401
2023	$15,077,811	$15,095,643	$30,704,700	$-17,832
2022	$13,762,352	$14,535,261	$22,105,583	$-772,909
2021	$12,341,607	$13,659,394	$21,613,095	$-1,317,787
2020	$13,905,574	$13,353,898	$21,237,872	$551,676
2019	$12,497,016	$12,968,094	$22,737,366	$-471,078
2018	$11,887,584	$11,865,523	$23,221,909	$22,061

LAKE PRINCE CENTER