LIFESTREAM BEHAVIORAL CENTER INC

EIN: 591561501 501(c)(3) Health Care

LEESBURG, FL

Total Revenue
$70,094,683
Total Expenses
$62,498,594
Total Assets
$72,491,247
Net Assets
$53,855,996
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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
FL
Principal Officer
RICK HANKEY
Phone
3523157500
Tax Period
2022-07-01 to 2023-06-30

LIFESTREAM BEHAVIORAL CENTER INC, founded in 1971, is a mid-sized nonprofit in the Health Care sector that reported $70.1M in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $62.5M left a modest 11% surplus.

Mission

SUPPORTING RECOVERY, PROMOTING HEALTH, AND CREATING HOPE

Program Service Accomplishments

Program 1
Expenses: $44,598,584 Revenue: $15,131,869

(1) THE FLORIDA STATE LEGISLATURE RECOGNIZED LIFESTREAM'S COMMITMENT TO EXCELLENCE BY AWARDING RECURRING FUNDING TO THE AGENCY'S INNOVATIVE 16 BED RESIDENTIAL PROGRAM "ROAD TO HOME," WHICH HELPS...

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(1) THE FLORIDA STATE LEGISLATURE RECOGNIZED LIFESTREAM'S COMMITMENT TO EXCELLENCE BY AWARDING RECURRING FUNDING TO THE AGENCY'S INNOVATIVE 16 BED RESIDENTIAL PROGRAM "ROAD TO HOME," WHICH HELPS INDIVIDUALS TRANSITION FROM COSTLY STATE LONG TERM PSYCHIATRIC HOSPITALS TO THEIR LOCAL COMMUNITY.(2) LIFESTREAM ESTABLISHED THE FIRST OF ITS KIND MEDICATION-ASSISTED TREATMENT FOR CONSUMERS STRUGGLING WITH DRUG AND ALCOHOL ADDICTIONS. THE FLORIDA DEPARTMENT OF CHILDREN AND FAMILIES AND THE FLORIDA ALCOHOL AND DRUG ABUSE ASSOCIATION SELECTED LIFESTREAM TO PROVIDE MEDICATION ASSISTED THERAPY TO PERSONS WITH SUBSTANCE ABUSE DISORDERS WHO ARE ALSO INVOLVED WITH THE CRIMINAL JUSTICE SYSTEM.(3) WHEN THE JUVENILE TREATMENT ALTERNATIVES FOR SAFER COMMUNITIES (TASC) PROGRAM FOR THE FIVE COUNTIES IN JUDICIAL CIRCUIT 5 WERE ABOUT TO CLOSE, LUTHERAN SERVICES OF FLORIDA TURNED TO LIFESTREAM TO KEEP THIS VITAL SERVICE GOING AND GROWING.(4) THE FEDERAL SUBSTANCE ABUSE AND MENTAL HEALTH SERVICE ADMINISTRATION ACKNOWLEDGED LIFESTREAM AS A NATIONAL LEADER IN INTEGRATED PRIMARY/BEHAVIORAL HEALTH CARE BY AWARDING IT A SECOND GRANT TO OPEN AN INTEGRATED BEHAVIORAL HEALTH/PRIMARY CARE CLINIC IN CLERMONT, FL. THE CLINIC WAS AWARDED STATE FUNDING AS WELL TO REDUCE HOSPITAL AND EMERGENCY ROOM ADMISSION RATES BY PROVIDING PRIMARY CARE AND CARE COORDINATION SERVICES TO INDIVIDUALS WITH SEVERE AND CHRONIC MENTAL ILLNESS.(5) LIFESTREAM OPENED A VITAL FIFTEEN-BED RESIDENTIAL PROGRAM AT ANTHONY HOUSE TO CARE FOR PREGNANT AND POST-PARTUM WOMEN WITH SUBSTANCE USE DISORDERS AND THEIR CHILDREN.(6) LIFESTREAM PARTNERS WITH THE EUSTIS COMMUNITY FOUNDATION TO ESTABLISH THE OPEN DOOR, A DAY-SHELTER FOR HOMELESS PERSONS LIVING IN THE EUSTIS AREA. THE PROGRAM SERVES AN AVERAGE OF 25 HOMELESS INDIVIDUALS AND FAMILY MEMBERS DAILY.(7) THE LIFESTREAM LAKE ACADEMIES CONTINUE THEIR LONG PARTNERSHIP WITH THE LAKE COUNTY SCHOOL BOARD TO SERVE YOUNGSTERS WITH SERIOUS EMOTIONAL AND BEHAVIORAL DISORDERS. THE ACADEMIES INVOLVE KIDS' FAMILIES AS WELL THROUGH THE STRONG UNITED RESILIENT FAMILIES (SURF) PROGRAM, AN EDUCATIONAL AND SKILLS-BASED PARENTING PROGRAM RECOGNIZED NATIONALLY AS BOTH A BEST AND EVIDENCE-BASED PRACTICE.(8) THE NATIONAL COUNCIL ON BEHAVIORAL HEALTH SELECTED LIFESTREAM TO LEAD THE WAY AS A LEARNING COMMUNITY IN THE CESSATION OF TOBACCO USE BY CONSUMERS AND STAFF. BY THE END OF THE YEAR, ALL LIFESTREAM CAMPUSES AND FACILITIES HAD BEEN DESIGNATED TOBACCO-FREE.(9) LIFESTREAM WAS SELECTED BY ITS MANAGING ENTITY TO LEAD ITS ZERO SUICIDE INITIATIVE TO ELIMINATE TEEN SUICIDES THROUGH EDUCATION, IMPROVED SCREENING, EARLY INTERVENTION AND CARE COORDINATION.(10) LIFESTREAM'S ONGOING EFFORTS TO IMPROVE ITS CONSUMERS' EXPERIENCE AND HEALTH OUTCOMES WHILE SIMULTANEOUSLY LOWERING COSTS LED TO THE CREATION OF PROGRESS HEALTH SYSTEMS, INC., A NONPROFIT HEALTH SYSTEM DESIGNED TO HELP AFFILIATES INCREASE REVENUES AND REDUCE COSTS IN ORDER TO BETTER SERVE INDIVIDUALS WITH MENTAL ILLNESS AND SUBSTANCE USE DISORDERS IN LAKE, SUMTER, MARION, CITRUS, ORANGE, OSCEOLA, AND HERNANDO COUNTIES IN CENTRAL FLORIDA.

Program 2
Expenses: $7,902,664 Revenue: $3,329,421

LIFESTREAM PROVIDES SERVICES TO THE YOUTH IN OUR COMMUNITY VIA ITS COMPREHENSIVE ARRAY OF CHILDREN'S SERVICES INCLUDING INTERVENTION, OUTPATIENT AND ON-SITE TREATMENT. EACH PROGRAM IS DESIGNED TO...

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LIFESTREAM PROVIDES SERVICES TO THE YOUTH IN OUR COMMUNITY VIA ITS COMPREHENSIVE ARRAY OF CHILDREN'S SERVICES INCLUDING INTERVENTION, OUTPATIENT AND ON-SITE TREATMENT. EACH PROGRAM IS DESIGNED TO MEET THE RIGOROUS STANDARDS OF LIFESTREAM'S FUNDING SOURCES WHICH ALSO INCLUDES INCORPORATING EBP OR EVIDENCE-BASED-PRACTICES AS DOCUMENTED IN LIFESTREAM'S FULLY INTEGRATED EHR OR ELECTRONIC HEALTH RECORD SYSTEMS. FOR FY 2023, 7,185 CHILDREN WERE SEEN FOR ALMOST 83,071 VISITS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $51,265,966
Program Service Revenue $17,942,810
Investment Income $367,427
Other Revenue $518,480
TOTAL REVENUE $70,094,683

Expense Breakdown

Grants Paid $0
Salaries & Benefits $43,014,710
Fundraising Expenses $0
Program Expenses $52,501,248
Other Expenses $19,483,884
TOTAL EXPENSES $62,498,594

Year-over-Year Comparison

2022 2021 Change
Revenue $70,094,683 $60,115,627 +0.2%
Expenses $62,498,594 $55,366,106 +0.1%
Net Income $7,596,089 $4,749,521 +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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Governance

Voting Members
13
Independent Members
12
Employees
1111
Volunteers
10

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
$441,647
Total Directors
12
$0
Key Employees
1
$353,573
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY MORRIS CHAIRMAN 0.50
Officer Director
$0 $0 $0
PAUL M JONES VICE CHAIR 0.50
Officer Director
$0 $0 $0
MICHAEL SLEAFORD TREASURER 0.50
Officer Director
$0 $0 $0
DR HEATHER BIGARD SECRETARY 0.50
Officer Director
$0 $0 $0
BRUCE DUNCAN DIRECTOR 0.50
Director
$0 $0 $0
BRUCE SAYLOR DIRECTOR 0.50
Director
$0 $0 $0
DR CHARLES MOJOCK DIRECTOR 0.50
Director
$0 $0 $0
DOUG CHILDERS JR DIRECTOR 0.50
Director
$0 $0 $0
FRANK PELOT DIRECTOR 0.50
Director
$0 $0 $0
JENIFFER HILL DIRECTOR 0.50
Director
$0 $0 $0
JON SIMPSON DIRECTOR 0.50
Director
$0 $0 $0
MORGAN SCHROEDER DIRECTOR 0.50
Director
$0 $0 $0
RICK HANKEY PRESIDENT & CEO (BEG. JUNE 2023) 40.00
Officer
$221,840 $38,263 $260,103
CAROL E DOZIER CHIEF FINANCIAL OFFICER 40.00
Officer
$154,837 $26,707 $181,544
THOMAS VALENTE MEDICAL DIRECTOR 40.00
Key Emp
$301,560 $52,013 $353,573
ABID DARR PSYCHIATRIST 40.00
Highest
$326,193 $56,262 $382,455
MIGUEL CORREA PSYCHIATRIST 40.00
Highest
$265,024 $45,712 $310,736
EDGAR WALKER PSYCHIATRIST 40.00
Highest
$243,148 $41,938 $285,086
DAVID DADA PSYCHIATRIST 40.00
Highest
$223,548 $38,557 $262,105
SUSAN RESNIK APRN 40.00
Highest
$172,616 $29,772 $202,388
JONATHAN CHERRY PRESIDENT & CEO (END. JUNE 2023) 40.00
$365,065 $62,966 $428,031
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 $70,094,683 $62,498,594 $72,491,247 $7,596,089
2022 $60,115,627 $55,366,106 $63,172,332 $4,749,521
2021 $62,613,825 $55,720,814 $60,011,568 $6,893,011
2020 $59,014,285 $54,982,779 $51,023,221 $4,031,506
2019 $54,930,338 $52,941,658 $46,318,892 $1,988,680
2018 $51,083,544 $49,659,414 $38,505,681 $1,424,130
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