LAKE WALES CARE CENTER INC (EIN 592015847) - 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

1980

Legal Domicile

Principal Officer

ROBERT QUAM

Phone

8636766678

Tax Period

2024-01-01 to 2024-12-31

LAKE WALES CARE CENTER INC, founded in 1980, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Expenses of $3.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

LAKE WALES CARE CENTER, INC. IS A FAITH BASED COMMUNITY SERVICE ORGANIZATION WHICH DEMONSTRATES CHRIST'S LOVE BY BUILDING BRIDGES BETWEEN PEOPLE IN NEED AND PEOPLE WITH A DESIRE TO SERVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,849,688

Program Service Revenue $187,954

Investment Income $18,783

Other Revenue $1,046,258

TOTAL REVENUE $3,102,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,247,544

Fundraising Expenses $12,818

Program Expenses $3,318,019

Other Expenses $1,394,488

TOTAL EXPENSES $3,642,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,102,683	$3,207,494	0.0%
Expenses	$3,642,032	$3,489,799	+0.0%
Net Income	$-539,349	$-282,305	+0.9%

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

141

Volunteers

N/A

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

$96,390

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE BLACK	DIRECTOR	3.00	Director	$0	$0	$0
BO BOYTE	DIRECTOR	3.00	Director	$0	$0	$0
MATT CAIN	DIRECTOR	3.00	Director	$0	$0	$0
NANCY DODD	DIRECTOR	3.00	Director	$0	$0	$0
TERRY FASEL	SECRETARY	3.00	Officer Director	$0	$0	$0
DORIS GUKICH	DIRECTOR	3.00	Director	$0	$0	$0
JAMES HAFFNER	DIRECTOR	3.00	Director	$0	$0	$0
LAURA HUNT	DIRECTOR	3.00	Director	$0	$0	$0
ANDREA JAHNA	DIRECTOR	3.00	Director	$0	$0	$0
JOHN KIMBROUGH	DIRECTOR	3.00	Director	$0	$0	$0
FR TIM NUNEZ	DIRECTOR	3.00	Director	$0	$0	$0
ANDY OGUNTOLA	DIRECTOR	3.00	Director	$0	$0	$0
MARK PARLIER	TREASURER	3.00	Officer Director	$0	$0	$0
SAM PETERSEN	DIRECTOR	3.00	Director	$0	$0	$0
KAMI SCHULZE	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL STRATHEARN	DIRECTOR	3.00	Director	$0	$0	$0
SCOTT THOMPSON	DIRECTOR	3.00	Director	$0	$0	$0
CHAD TINGLEY	VICE CHAIRMA	3.00	Officer Director	$0	$0	$0
LARRY TONJES	DIRECTOR	3.00	Director	$0	$0	$0
KEVIN UPDIKE	CHAIRMAN	3.00	Director	$0	$0	$0
ROY WILKINSON	CHAIRMAN	3.00	Officer Director	$0	$0	$0
REV DANIEL WILLIAMS	DIRECTOR	3.00	Director	$0	$0	$0
IVORY WILSON	DIRECTOR	3.00	Director	$0	$0	$0
LEIGH ANN WYNN	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT QUAM	EXECUTIVE DI	50.00	Officer	$96,390	$0	$96,390

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	$3,102,683	$3,642,032	$12,846,775	$-539,349
2023	$3,207,494	$3,489,799	$11,329,850	$-282,305
2022	$3,023,772	$3,121,859	$10,935,687	$-98,087
2021	$3,663,098	$2,606,033	$12,103,352	$1,057,065
2020	$3,912,574	$3,169,791	$10,316,403	$742,783
2019	$2,292,435	$2,296,818	$9,325,739	$-4,383
2018	$2,322,891	$2,086,632	$8,859,740	$236,259

LAKE WALES CARE CENTER INC