Is The Lakes Region Mental Health Center Inc Legit?
Quick charity verification for The Lakes Region Mental Health Center Inc (EIN: 20272138)
Verdict: The Lakes Region Mental Health Center Inc appears trustworthy
88/100Mission Score
$19.3MRevenue
$16.8MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further investigation into how executive leadership is compensated.
Strengths
Strong program focus, indicated by the NTEE code F31Z (Mental Health Treatment Facilities) and consistent operational activity.
Healthy growth in assets, increasing from $4.4 million in 2015 to $15.8 million in 2024, demonstrating financial stability and capacity.
Generally stable financial operations with revenues largely covering expenses over the past decade, indicating sound financial management.
Low liabilities relative to assets, with liabilities at $5.6 million against $15.8 million in assets in 202406, suggesting a strong balance sheet.
Spending Breakdown
How The Lakes Region Mental Health Center Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about The Lakes Region Mental Health Center Inc
Is The Lakes Region Mental Health Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Lakes Region Mental Health Center Inc (EIN: 20272138) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is The Lakes Region Mental Health Center Inc a good charity to donate to?
The Lakes Region Mental Health Center Inc has a Mission Score of 88/100. Revenue: $19.3M. Assets: $16.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Lakes Region Mental Health Center Inc?
The Employer Identification Number (EIN) for The Lakes Region Mental Health Center Inc is 20272138. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does The Lakes Region Mental Health Center Inc spend its money?
The Lakes Region Mental Health Center Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Lakes Region Mental Health Center Inc's tax-exempt status?
You can verify The Lakes Region Mental Health Center Inc's tax-exempt status using EIN 20272138 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Lakes Region Mental Health Center Inc demonstrates consistent financial operations, with revenues generally exceeding or closely matching expenses over the past decade. In the latest filing (202406), the organization reported revenues of $17,092,022 against expenses of $17,200,897, indicating a slight operational deficit for that period. However, prior years like 202106 showed a significant surplus with $18,841,874 in revenue against $15,439,805 in expenses. The organization's assets have shown steady growth, reaching $15,876,510 in 202406 from $4,428,859 in 201506, suggesting good financial management and accumulation of resources. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency and financial structure, indicating that executive leadership is not compensated directly through the organization's reported officer compensation line item, which could imply compensation is reported elsewhere or not taken by officers.