LAKE WALES RETIREMENT CENTER INC

EIN: 593418554 501(c)(3) Housing & Shelter

COLUMBUS, OH

Total Revenue
$6,623,849
Total Expenses
$9,036,583
Total Assets
$23,979,825
Net Assets
$-8,420,544
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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
1997
Legal Domicile
FL
Principal Officer
LINDSEY DEHRING
Phone
6144512151
Tax Period
2023-01-01 to 2023-12-31

LAKE WALES RETIREMENT CENTER INC, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $6.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $9.0M exceeded revenue, resulting in a 36% operating deficit.

Mission

Originating from a Christian commitment of service, we provide high quality care, services and communities for Seniors

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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 $23,370
Program Service Revenue $6,524,665
Investment Income $75,814
Other Revenue $0
TOTAL REVENUE $6,623,849

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,433,995
Fundraising Expenses $0
Program Expenses $6,510,693
Other Expenses $6,602,588
TOTAL EXPENSES $9,036,583

Year-over-Year Comparison

2023 2022 Change
Revenue $6,623,849 $5,752,725 +0.2%
Expenses $9,036,583 $7,742,605 +0.2%
Net Income $-2,412,734 $-1,989,880 +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
6
Independent Members
2
Employees
N/A
Volunteers
6

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
$2,801,127
Total Directors
6
$2,812,198
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Ricketts Director thru 6/30/23 0.1
Director
$0 $47,045 $1,081,326
Susan M DiMickele President & Director 0.1
Officer Director
$0 $45,633 $653,210
Robert S Walter Vice President & Chair 0.1
Officer Director
$0 $37,100 $552,673
Matthew D Rule Vice President & Director 0.1
Officer Director
$0 $46,401 $524,989
Julie M Woolley Secretary 0.1
Officer
$0 $28,373 $440,356
Brianna Mettler Vice President 0.1
Officer
$0 $39,705 $333,248
Julia A Fratianne Treasurer 0.1
Officer
$0 $44,753 $296,651
Kwanza Bryant Executive Director II 40.0
Highest
$0 $23,787 $148,981
Peter Vogel Director 0.1
Director
$0 $0 $0
Parker Stitzer Director 0.1
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 No data No data No data No data
2023 $6,623,849 $9,036,583 $23,979,825 $-2,412,734
2022 $5,752,725 $7,742,605 $25,147,315 $-1,989,880
2021 $5,296,039 $7,455,393 $26,220,054 $-2,159,354
2020 $5,750,823 $7,023,836 $27,402,238 $-1,273,013
2019 $5,645,186 $6,821,412 $28,336,998 $-1,176,226
2018 $5,426,894 $6,170,106 $29,675,396 $-743,212
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