WE CARE OF LAKE COUNTY INC

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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

1994

Legal Domicile

Principal Officer

MELISSA SIKORSKI

Tax Period

2019-10-01 to 2020-09-30

WE CARE OF LAKE COUNTY INC, founded in 1994, is a small nonprofit that reported $329K in total revenue in fiscal year 2019. Expenses of $296K left a modest 10% surplus.

Mission

TO PROVIDE FREE SPECIALTY MEDICAL CARE TO UNINSURED, POOR, WORKING POOR AND HOMELESS ADULTS IN LAKE COUNTY.

Program Service Accomplishments

Program 1

Expenses: $223,703

WE CARE OF LAKE COUNTY, INC. PROVIDED $1,493,609 IN IN-KIND MEDICAL SERVICES TO PATIENTS DURING THE FISCAL YEAR AND ALSO INCREASED THE AVAILABILITY OF QUALITY HEALTH CARE FOR LAKE COUNTYS MEDICALLY UNDERSERVED AND HOMELESS POPULATION BY COORDINATING THE PARTICIPATION OF MULTIPLE COMMUNITY AGENCIES IN PROVIDING SPECIALTY HEALTH CARE. WE CARE OF LAKE COUNTY, INC. MAINTAINS THE QUALITY CARE PROVIDED TO PATIENTS BY ENSURING THAT ALL MEDICAL CARE IS SUPERVISED BY STATE OF FLORIDA LICENSED HEALTH CARE PROFESSIONALS AND ENCOURAGES THE VOLUNTARY CONTRIBUTION OF MEDICAL GOODS AND SERVICES BY THE PRIVATE SECTOR.

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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 (2019)

Revenue Breakdown

Contributions & Grants $321,851

Program Service Revenue $0

Investment Income $0

Other Revenue $6,694

TOTAL REVENUE $328,545

Expense Breakdown

Grants Paid $82,924

Salaries & Benefits $146,914

Fundraising Expenses $16,625

Program Expenses $223,703

Other Expenses $66,567

TOTAL EXPENSES $296,405

Year-over-Year Comparison

	2019	2018	Change
Revenue	$328,545	$324,653	+0.0%
Expenses	$296,405	$363,186	-0.2%
Net Income	$32,140	$-38,533	-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

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

$37,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEYLA ZELAYA MD	PRESIDENT	2.00	Officer Director	$0	$0	$0
LINDA BENNETT	TREASURER	2.00	Officer Director	$0	$0	$0
CLAYTON DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
SHERI OLSON	DIRECTOR	1.00	Director	$0	$0	$0
AARON KISSLER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PELTON	DIRECTOR	1.00	Director	$0	$0	$0
CAROL MILLWATER RYAN	DIRECTOR	1.00	Director	$0	$0	$0
IRENE OMALLEY	DIRECTOR	1.00	Director	$0	$0	$0
APRIL KAUFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA NETHERO	SECRETARY	2.00	Officer Director	$0	$0	$0
WESLEY PAUL	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BERGHOLTZ	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA PARADIS	FORMER EXEC DIRECTOR	40.00	Officer	$37,500	$0	$37,500

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
2020	$328,545	$296,405	$278,440	$32,140
2019	$324,653	$363,186	$223,683	$-38,533
2018	$190,462	$170,640	$173,753	$19,822