HONEY LAKE CLINIC INC (EIN 820770125) - 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

2017

Legal Domicile

Principal Officer

LISA STEWART

Phone

8555253210

Tax Period

2023-01-01 to 2023-12-31

HONEY LAKE CLINIC INC, founded in 2017, is a mid-sized nonprofit in the Mental Health sector that reported $15.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE BEHAVIORAL HEALTH HEALING THAT IS GROUNDED AND SUSTAINED BY A CHRISTIAN FAITH.

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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 $385,820

Program Service Revenue $14,791,558

Investment Income $20,319

Other Revenue $19,251

TOTAL REVENUE $15,216,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,722,456

Fundraising Expenses $0

Program Expenses $13,292,695

Other Expenses $7,272,940

TOTAL EXPENSES $15,995,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,216,948	$15,585,931	0.0%
Expenses	$15,995,396	$15,276,286	+0.0%
Net Income	$-778,448	$309,645	-3.5%

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

169

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

$487,515

Total Directors

$487,515

Key Employees

$181,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA STEWART	PRESIDENT, C	40.00	Officer Director	$279,482	$0	$279,482
ELIZABETH FULFORD	SR. MEDICAL	40.00	Highest	$221,341	$0	$221,341
DEVAN SCHANDING	SECRETARY, C	40.00	Officer Director	$208,033	$0	$208,033
KARL BENZIO MD	MEDICAL DIRE	40.00	Key Emp	$181,000	$0	$181,000
MARYN PARHAM	PSYCHIATRIC	40.00		$145,712	$0	$145,712
AWC DESIGNS LLC	EXEC DIR STR	40.00	Highest	$111,616	$0	$111,616
TIMOTHY JENNINGS MD	MEDICAL DIRE	40.00	Highest	$108,149	$0	$108,149

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	$15,216,948	$15,995,396	$13,719,679	$-778,448
2022	$15,585,931	$15,275,921	$14,434,687	$310,010
2021	$16,537,943	$16,788,559	$14,302,159	$-250,616
2020	$16,441,952	$15,292,012	$14,199,418	$1,149,940
2019	$11,669,025	$11,157,750	$13,010,568	$511,275
2018	$8,059,893	$7,778,208	$7,919,993	$281,685

HONEY LAKE CLINIC INC