LAKESIDE PLACE INC (EIN 593627035) - 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

2000

Legal Domicile

Principal Officer

BABETTE HANKEY

Phone

4078753700

Tax Period

2024-07-01 to 2025-06-30

LAKESIDE PLACE INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $119K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $197K exceeded revenue, resulting in a 65% operating deficit.

Mission

THE ORGANIZATION PROVIDES HOUSING TO LOW-INCOME PERSONS WITH DISABILITIES.

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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 $60,942

Program Service Revenue $58,206

Investment Income $166

Other Revenue $0

TOTAL REVENUE $119,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $157,604

Other Expenses $197,101

TOTAL EXPENSES $197,101

Year-over-Year Comparison

	2024	2023	Change
Revenue	$119,314	$105,890	+0.1%
Expenses	$197,101	$196,627	+0.0%
Net Income	$-77,787	$-90,737	-0.1%

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

N/A

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

$1,183,131

Total Directors

$918,613

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BABETTE F HANKEY	PRESIDENT/CEO	1.0	Officer Director	$0	$48,690	$452,763
LINDA M DAMM	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$44,645	$264,518
CHRISTINE E SUEHLE	TREASURER/SECRETARY	1.0	Officer Director	$0	$42,067	$243,204
SCOTT CHARLES GRIFFITHS	Chairperson	1.0	Officer Director	$0	$10,569	$222,646
RONALD NESBITT	DIRECTOR	1.0	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
2025	$119,314	$197,101	$869,957	$-77,787
2024	$105,890	$196,627	$856,406	$-90,737
2023	$85,390	$237,277	$872,174	$-151,887
2022	$85,433	$181,997	$875,898	$-96,564
2021	$86,018	$134,360	$902,360	$-48,342
2020	$78,486	$129,814	$924,648	$-51,328
2019	$83,182	$99,137	$945,049	$-15,955
2018	$84,366	$131,457	$962,466	$-47,091

LAKESIDE PLACE INC