LAKEWOOD RESIDENTIAL CARE FACILITY (EIN 710709637) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

NANCY BRITT

Phone

5016239422

Tax Period

2023-01-01 to 2023-12-31

LAKEWOOD RESIDENTIAL CARE FACILITY, founded in 1991, is a small nonprofit in the Human Services sector that reported $360K in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $327K left a modest 9% surplus.

Mission

PROVIDE HOUSING, FOOD, SUPERVISION FOR ELDERLY/DISABLED INDIVIDUALS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $135,093

Program Service Revenue $189,481

Investment Income $0

Other Revenue $0

TOTAL REVENUE $324,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,462

Fundraising Expenses $0

Program Expenses $250,940

Other Expenses $190,783

TOTAL EXPENSES $404,245

Year-over-Year Comparison

	2023	2022	Change
Revenue	$324,574	$1,207,152	-0.7%
Expenses	$404,245	$370,453	+0.1%
Net Income	$-79,671	$836,699	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY BRITT	PRESIDENT	N/A	Officer Director	$0	$0	$0
RHONDA M ISOM	SECRETARY	N/A	Officer Director	$0	$0	$0
CHARLES M TAPP	VICE PRESIDE	N/A	Officer 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	$324,574	$404,245	$846,661	$-79,671
2022	$1,207,152	$370,453	$930,033	$836,699
2021	$338,541	$355,982	$91,275	$-17,441
2020	$344,145	$329,244	$111,258	$14,901
2019	$288,735	$343,858	$103,971	$-55,123
2018	$359,861	$326,738	$155,094	$33,123

LAKEWOOD RESIDENTIAL CARE FACILITY