LAKE CITY CENTER INC (EIN 820322548) - 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

1972

Legal Domicile

Phone

2086674628

Tax Period

2024-01-01 to 2024-12-31

LAKE CITY CENTER INC, founded in 1972, is a small nonprofit in the Human Services sector that reported $560K in total revenue in fiscal year 2024. Expenses of $523K left a modest 7% surplus.

Mission

PROVIDE ACTIVITIES, MEALS, AND SUPPORT TO SENIORS ON-SITE AND AT THEIR HOMES.

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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 $252,644

Program Service Revenue $237,101

Investment Income $1,124

Other Revenue $68,843

TOTAL REVENUE $559,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,848

Fundraising Expenses $0

Program Expenses $296,385

Other Expenses $293,788

TOTAL EXPENSES $522,636

Year-over-Year Comparison

	2024	2023	Change
Revenue	$559,712	$526,576	+0.1%
Expenses	$522,636	$510,352	+0.0%
Net Income	$37,076	$16,224	+1.3%

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
WOODY MCEVERS	VICE PRESIDENT	2.00	Director	$0	$0	$0
SHANNON BEYERSDORFF	TREASURER	2.00	Director	$0	$0	$0
KATHERINE COYLE	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM DILLON	BOARD MEMBER	2.00	Director	$0	$0	$0
LUISA JIMENEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
GRETCHEN TESTER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOANNE BLOODGOOD	SECRETARY	2.00	Director	$0	$0	$0
BEVERLY ROOTS	PRESIDENT	2.00	Director	$0	$0	$0
MARCUS SCHWADERER	BOARD MEMBER	2.00	Director	$0	$0	$0
MARYBETH HASSELL	BOARD MEMBER	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	$559,712	$522,636	$654,452	$37,076
2023	$526,576	$510,352	$616,988	$16,224
2022	$581,552	$516,012	$596,996	$65,540
2021	$433,025	$474,666	$534,546	$-41,641
2020	$475,445	$370,543	$575,826	$104,902
2019	$365,774	$364,485	$465,916	$1,289
2018	$385,014	$363,202	$461,864	$21,812

LAKE CITY CENTER INC