LAKESHORE ESTATES INC (EIN 620604630) - 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

1949

Legal Domicile

Principal Officer

JOHN ROBINSON

Phone

6156464466

Tax Period

2023-01-01 to 2023-12-31

LAKESHORE ESTATES INC, founded in 1949, is a mid-sized nonprofit that reported $20.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.5M, a strong 17% operating margin.

Mission

LAKESHORE ESTATES IS A CHRISTIAN BASED COMPANY DEDICATED TO AFFORDABLE CARE OF SENIORS IN DAVIDSON COUNTY,TN. THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WITH LIMITED RESOURCES AS WELL AS RESIDENTIAL, INTERMEDIATE & SKILLED NURSING CARE INCLUDING MEDICARE AND MADICAID. THE ORGANIZATION'S MISSION IS TO PROVIDE REASONABLY PRICED RETIREMENT AND HEALTH CARE SERVICES, TO PROMOTE LIVING WITH DIGNITY IN A SECURE CHRISTIAN ENVIRONMENT WITH DAILY EFFORTS TO ENHANCE EACH RESIDENT'S SPIRITUAL, MENTAL AND PHYSICAL LIFE. THE ORGANIZATION WILL ASSIST, WHERE POSSIBLE, IN SECURING FINANCIAL ASSISTANCE FOR THOSE RESIDENTS WITH INADEQUATE RESOURCES TO PROVIDE FOR THEIR CARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,078,503

Program Service Revenue $15,242,670

Investment Income $2,747,415

Other Revenue $918,413

TOTAL REVENUE $19,987,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,069,959

Other Expenses $16,533,255

TOTAL EXPENSES $16,533,255

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,987,001	$18,358,530	+0.1%
Expenses	$16,533,255	$20,825,482	-0.2%
Net Income	$3,453,746	$-2,466,952	-2.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY ACUFF	VICE-CHAIRMAN	3.00	Officer Director	$0	$0	$0
BARBARA OUTHIER	SECRETARY	3.00	Officer Director	$0	$0	$0
JOHN ROBINSON	TREASURER	3.00	Officer Director	$0	$0	$0
BLAKE BROCK	CHAIRMAN	2.00	Director	$0	$0	$0
JON JABLONSKI	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT GILMER	DIRECTOR	2.00	Director	$0	$0	$0
LEE HORN	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE H LAMBERT	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN LLOYD	DIRECTOR	2.00	Director	$0	$0	$0
ROY TOM PURKEY JR	DIRECTOR	2.00	Director	$0	$0	$0
WYATT RAMPY	DIRECTOR	2.00	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	$19,987,001	$16,533,255	$26,532,554	$3,453,746
2022	$18,358,530	$20,825,482	$25,561,597	$-2,466,952
2021	$18,022,154	$19,766,113	$27,064,642	$-1,743,959
2020	$17,554,377	$18,266,877	$27,128,969	$-712,500
2019	$16,725,055	$17,474,765	$26,833,424	$-749,710
2018	$16,359,423	$16,633,112	$25,656,970	$-273,689

LAKESHORE ESTATES INC