LAKEVIEW LIGHT & POWER

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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

1922

Legal Domicile

Principal Officer

DERISE WARNER

Phone

2535846060

Tax Period

2025-01-01 to 2025-12-31

LAKEVIEW LIGHT & POWER, founded in 1922, is a mid-sized nonprofit that reported $14.3M in total revenue in fiscal year 2025. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $18.6M exceeded revenue, resulting in a 31% operating deficit.

Mission

TO OWN, CONSTRUCT, AND OPERATE POWER PLANTS AND INFRASTRUCTURE FOR THE PURPOSE OF DISTRIBUTING ELECTRIC POWER FOR GENERAL PURPOSES TO ITS MEMBERS AND CUSTOMERS.

Program Service Accomplishments

Program 1

THE COMPANY SOLD ELECTRICAL POWER TO APPROXIMATELY 2,831 USER MEMBERS DURING THE YEAR ENDED DECEMBER 31, 2025.

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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 $0

Program Service Revenue $24,218,855

Investment Income $-10,079,140

Other Revenue $130,458

TOTAL REVENUE $14,270,173

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $1,890,086

Fundraising Expenses $0

Other Expenses $16,739,888

TOTAL EXPENSES $18,644,974

Year-over-Year Comparison

	2025	2024	Change
Revenue	$14,270,173	$24,939,641	-0.4%
Expenses	$18,644,974	$16,944,807	+0.1%
Net Income	$-4,374,801	$7,994,834	-1.5%

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

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

$662,803

Total Directors

$98,825

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DEVORE	GENERAL MANAGER	40.00	Officer	$274,869	$61,613	$336,482
DERISE WARNER	CHIEF FINANCIAL OFFICER	40.00	Officer	$211,833	$46,038	$257,871
DANIEL FORSMAN	LINE FOREMAN	40.00	Highest	$191,430	$70,717	$262,147
KELLY BUTTS	SUPERINTENDENT	40.00	Highest	$187,971	$52,863	$240,834
COREY LIND	LINEMAN	40.00	Highest	$179,801	$28,083	$207,884
JON GEISELMAN	METER TECH/LINEMAN	40.00	Highest	$176,536	$29,448	$205,984
ANTHONY RUSIN	IT/SUBSTATION TECHNICIAN	40.00	Highest	$163,999	$34,558	$198,557
AVERY JOHNSON	PRESIDENT	3.00	Officer Director	$17,100	$0	$17,100
ROBERT ESTRADA	VICE PRESIDENT	3.00	Officer Director	$11,075	$0	$11,075
ALAN HART	SECRETARY	3.00	Officer Director	$16,575	$0	$16,575
LINDA MCDERMOTT	TREASURER	3.00	Officer Director	$23,700	$0	$23,700
TOM MCDONALD	DIRECTOR	3.00	Director	$17,825	$0	$17,825
JESSICA ELWESS	DIRECTOR	3.00	Director	$12,550	$0	$12,550

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	$14,270,173	$18,644,974	$57,198,708	$-4,374,801
2024	$24,939,641	$16,944,807	$65,706,773	$7,994,834
2023	$25,483,643	$15,713,149	$64,477,935	$9,770,494
2022	$25,225,871	$17,114,537	$57,095,778	$8,111,334
2021	$24,172,277	$16,452,603	$50,109,948	$7,719,674
2020	$24,001,679	$16,307,831	$45,037,683	$7,693,848
2019	$25,254,318	$16,449,047	$41,291,755	$8,805,271
2018	$26,019,061	$17,896,747	$35,987,795	$8,122,314