LAKE BASIN SENIORS INCORPORATION (EIN 852495426) - 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

2021

Legal Domicile

Principal Officer

ANDY LACY

Phone

4066632218

Tax Period

2024-01-01 to 2024-12-31

LAKE BASIN SENIORS INCORPORATION, founded in 2021, is a micro nonprofit in the Human Services sector that reported $95K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $88K left a modest 7% surplus.

Mission

SERVE MEALS TO COMMUNITY AND SENIOR CITIZENS

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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 $40,799

Program Service Revenue $54,569

Investment Income $0

Other Revenue $0

TOTAL REVENUE $95,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,527

Fundraising Expenses $0

Program Expenses $92,314

Other Expenses $46,699

TOTAL EXPENSES $88,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$95,368	$115,488	-0.2%
Expenses	$88,226	$94,906	-0.1%
Net Income	$7,142	$20,582	-0.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Swartz	PRESIDENT	002.00	Officer Director	$0	$0	$0
ANDY LACY	TREASURER	003.00	Officer Director	$0	$0	$0
Lydia Sargent	SECRETARY	008.00	Officer Director	$0	$0	$0
Seth Balbach	TRUSTEE	001.00	Director	$0	$0	$0
LEE HURSHURD	TRUSTEE	001.00	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	No data	No data	No data	No data
2024	$95,368	$88,226	$62,085	$7,142
2023	$115,488	$94,906	$54,893	$20,582
2022	$78,208	$71,564	$34,311	$6,644

LAKE BASIN SENIORS INCORPORATION