Lake Area Recovery Center Inc
Ashtabula, Ohio
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $3,592,129↓14% | $3,946,006↑6% | $3,460,783↓2% | |
| 2022 | $4,154,396↓1% | $3,714,821↑1% | $3,519,338↑17% | — |
| 2021 | $4,209,294↑30% | $3,669,719↑23% | $3,007,133↓1% | — |
| 2020 | $3,227,096↑10% | $2,980,167↑32% | $3,038,621↑71% | — |
| 2019 | $2,922,342↑49% | $2,257,383↑21% | $1,774,808↑85% | — |
| 2018 | $1,966,467↑7% | $1,868,379↑6% | $960,943↑13% | — |
| 2017 | $1,830,258↑9% | $1,754,939↑12% | $847,304↑13% | — |
| 2016 | $1,683,899↑19% | $1,560,665↑16% | $750,785↑18% | — |
| 2015 | $1,417,747↑11% | $1,350,557↑19% | $635,223↑12% | — |
| 2014 | $1,278,096↑17% | $1,130,446↑10% | $566,114↑40% | — |
| 2013 | $1,090,551↓4% | $1,026,563↓12% | $404,185↑15% | — |
| 2012 | $1,136,488↑4% | $1,163,595 | $351,984↓12% | — |
| 2011 | $1,091,903 | $1,165,385 | $400,886 | — |
Frequently Asked Questions
What does Lake Area Recovery Center Inc do?▼
Lake Area Recovery Center Inc is a mental health & crisis intervention nonprofit organization based in Ohio. It is classified under NTEE code F220 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Lake Area Recovery Center Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Lake Area Recovery Center Inc has a score of 62/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Lake Area Recovery Center Inc generate?▼
Lake Area Recovery Center Inc reports $3.7M in annual revenue and holds $2.7M in total assets, based on IRS filings.
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