LAKES AREA CARE INC (EIN 742480858) - 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

1987

Legal Domicile

Principal Officer

MARY JANE SHANES

Phone

5127564422

Tax Period

2025-01-01 to 2025-12-31

LAKES AREA CARE INC, founded in 1987, is a small nonprofit that reported $190K in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $29K, a strong 15% operating margin.

Mission

LAKES AREA CARE, INC. (LACARE) IS AN ECUMENICAL NONPROFIT ORGANIZATION PROVIDING EMERGENCY FOOD FOR FAMILIES RESIDING IN THE BURNET CONSOLIDATED INDEPENDENT SCHOOL DISTRICT. LACARE ALSO OFFERS NUTRITION CLASSES AND SERVES AS A REFERRAL CLEARINGHOUSE FOR OTHER SERVICES AND RESOURCES LOCATED IN THE COMMUNITY, INCLUDING RX ADVOCATES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $172,584

Program Service Revenue $0

Investment Income $17,398

Other Revenue $0

TOTAL REVENUE $189,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,751

Fundraising Expenses $0

Program Expenses $148,650

Other Expenses $115,010

TOTAL EXPENSES $160,761

Year-over-Year Comparison

	2025	2024	Change
Revenue	$189,982	$152,828	+0.2%
Expenses	$160,761	$181,845	-0.1%
Net Income	$29,221	$-29,017	-2.0%

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

Total Directors

$42,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY JANE SHANES	PRESIDENT	2.00	Officer Director	$0	$0	$0
REV TIM JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
MARY BROWN	SECRETARY	2.00	Officer Director	$0	$0	$0
ANN SHORTER	TREASURER	2.00	Officer Director	$0	$0	$0
BECKY CARLBERG	VOLUNTEER COORDINATO	2.00	Director	$0	$0	$0
CINDY COMPTON	DIRECTOR	2.00	Director	$0	$0	$0
REV DONNA SHAW	DIRECTOR	2.00	Director	$0	$0	$0
REV DOUG LINDLEY	DIRECTOR	2.00	Director	$0	$0	$0
REV TERESA TRUSNER	DIRECTOR	2.00	Director	$0	$0	$0
REV JASON TEAGUE	DIRECTOR	2.00	Director	$0	$0	$0
MARGARET THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
RICK HOELSCHER	DIRECTOR	2.00	Director	$0	$0	$0
LOTTIE MCCORKLE	EXECUTIVE DIRECTOR	40.00	Director	$42,500	$0	$42,500
SUSAN BROWN	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
JANIE HOWELL	DIRECTOR	2.00	Director	$0	$0	$0
SHERRYE FAULKENBERRY	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
2025	$189,982	$160,761	$633,320	$29,221
2024	$152,828	$181,845	$585,314	$-29,017
2023	$128,151	$115,441	$605,358	$12,710
2022	$186,135	$81,930	$570,591	$104,205
2021	$136,022	$76,155	$498,631	$59,867
2020	$172,176	$70,759	$438,764	$101,417
2019	$183,401	$83,611	$339,538	$99,790
2018	$76,155	$78,986	$237,623	$-2,831

LAKES AREA CARE INC