LAKELAND CARE INCORPORATED

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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

SARA MUHLBAUER

Phone

9209065100

Tax Period

2024-01-01 to 2024-12-31

LAKELAND CARE INCORPORATED, founded in 2000, is a major nonprofit in the Health Care sector that reported $407.8M in total revenue in fiscal year 2024.

Mission

EMPOWERING INDIVIDUALS. STRENGTHENING COMMUNITIES. INSPIRING FUTURES.

Program Service Accomplishments

Program 1

Expenses: $399,041,188 Revenue: $41,949,193

LAKELAND CARE, INC. IS A LOCAL, MISSION DRIVEN NON-PROFIT ORGANIZATION THAT PROVIDES THE FAMILY CARE BENEFIT TO ELIGIBLE WISCONSINITES IN 22 COUNTIES ACROSS NORTHEAST AND NORTH CENTRAL WISCONSIN. THE FAMILY CARE PROGRAM SUPPORTS INDIVIDUALS WITH DIFFERENT ABILITIES AND ELDERLY INDIVIDUALS THAT REQUIRE A LEVEL OF SUPPORT TO REMAIN LIVING INDEPENDENTLY IN THEIR COMMUNITY. LAKELAND CARE SUPPORTS MORE THAN 7,199 MEMBERS, CONTRACTS WITH OVER 1,000 PROVIDERS AND EMPLOYS OVER 550 PEOPLE. THE FAMILY CARE PROGRAM IS NOW AN ENTITLEMENT PROGRAM OFFERED THROUGH THE WISCONSIN DEPARTMENT OF HEALTH SERVICES AND IS A 1915(C) WAIVER THAT ALLOWS STATES TO USE NURSING HOME FUNDING TO SUPPORT INDIVIDUALS IN THEIR COMMUNITY. LAKELAND CARE, INC. PROVIDES THE SERVICE OF CARE MANAGEMENT TO ENROLLED MEMBERS OF THE PROGRAM. CARE MANAGEMENT INCLUDES COORDINATION OF CARE, FINDING SERVICES AND PROVIDERS TO ASSIST IN MEETING INDIVIDUAL NEEDS AS WELL AS COORDINATING NATURAL SUPPORTS FOR AN INDIVIDUAL. LAKELAND CARE, INC. USES APPROXIMATELY $0.98 OF EVERY $1.00 ON MEMBER SERVICES, $0.04 OF EVERY $1.00 ON ADMINISTRATIVE SERVICES.

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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 $364,076,685

Program Service Revenue $41,949,193

Investment Income $1,770,797

Other Revenue $2,466

TOTAL REVENUE $407,799,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,287,191

Fundraising Expenses $0

Program Expenses $399,041,188

Other Expenses $366,633,678

TOTAL EXPENSES $414,920,869

Year-over-Year Comparison

	2024	2023	Change
Revenue	$407,799,141	$382,512,146	+0.1%
Expenses	$414,920,869	$394,435,816	+0.1%
Net Income	$-7,121,728	$-11,923,670	-0.4%

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

661

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

$971,379

Total Directors

$2,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB ZIEGELBAUER	DIRECTOR	1.00	Director	$0	$0	$0
JULIE KONS	DIRECTOR	1.00	Director	$350	$0	$350
TODD MOELY	PAST VICE PRESIDENT (THUR OCT)	1.00	Officer Director	$400	$0	$400
JULIE SPANBAUER	DIRECTOR	1.00	Director	$450	$0	$450
BARB LARSON-HERBER	VICE PRESIDENT	1.00	Officer Director	$500	$0	$500
MIKE KONECHNY	PRESIDENT	1.00	Officer Director	$550	$0	$550
STUART KUZIK	TREASURER	1.00	Officer Director	$600	$0	$600
JEN HARRISON	CHIEF PROGRAM OFFICER	40.00	Officer	$198,431	$29,341	$227,772
SUZANNE SINJAKOVIC	CHIEF ADMINISTRATIVE OFFICER	40.00	Officer	$192,522	$40,858	$233,380
DANIEL BIZUB	CHIEF FINANCIAL OFFICER	40.00	Officer	$197,682	$33,566	$231,248
SARA MUHLBAUER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$238,313	$38,616	$276,929
MISTY PICKETT	MISSION IMPACT & COMMUNITY ENGAGEMENT DIRECTOR	40.00	Highest	$126,929	$27,527	$154,456
CASEY PENROD	IT DIRECTOR	40.00	Highest	$129,479	$28,566	$158,045
KATIE CALMES	FORMER QUALITY DIRECTOR	40.00	Highest	$131,374	$0	$131,374
DEANNE WECKER	COMPLIANCE & ORG. RISK DIRECTOR	40.00	Highest	$139,158	$10,188	$149,346
NATHAN LUEDKE	BUSINESS INTELLIGENCE DIRECTOR	40.00	Highest	$126,855	$28,556	$155,411

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	$407,799,141	$414,920,869	$76,363,186	$-7,121,728
2023	$382,512,146	$394,435,816	$81,217,043	$-11,923,670
2022	$377,399,342	$363,633,489	$89,759,641	$13,765,853
2021	$359,024,489	$349,535,744	$68,677,020	$9,488,745
2020	$351,842,352	$343,597,446	$55,488,367	$8,244,906
2019	$283,367,324	$277,349,247	$46,562,741	$6,018,077
2018	$240,128,382	$243,123,361	$36,942,588	$-2,994,979