The Lakes Region Mental Health Center Inc
Lakes Region Mental Health Center maintains stable finances with consistent revenue and expense management, reporting 0% officer compensation.
EIN: 20272138 · Laconia, NH · NTEE: F31Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.3M |
| Total Expenses | $17.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $10.2M |
| Transparency Score | 88/100 |
Is The Lakes Region Mental Health Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Lakes Region Mental Health Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Lakes Region Mental Health Center Inc
The Lakes Region Mental Health Center Inc (EIN: 20272138) is a nonprofit organization based in Laconia, NH, classified under NTEE code F31Z. The organization reported total revenue of $19.3M and total assets of $16.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Lakes Region Mental Health Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Lakes Region Mental Health Center Inc is a large nonprofit that has been operating for 56 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.1M |
| Total Expenses | $17.2M |
| Surplus / Deficit | $-108,875 |
| Total Assets | $15.9M |
| Total Liabilities | $5.7M |
| Net Assets | $10.2M |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 35.7% |
| Months of Reserves | 11.1 months |
Financial Health Grade: B
In 2024, The Lakes Region Mental Health Center Inc reported a deficit of $109K with expenses exceeding revenue, holds 11.1 months of operating reserves (strong position), has a debt-to-asset ratio of 35.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), The Lakes Region Mental Health Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.4% | +4.1% | -0.7% |
| 2023 | +0.4% | +4.9% | -3.3% |
| 2022 | -10.9% | +1.9% | +6.4% |
| 2021 | +25.8% | +9.0% | +22.1% |
| 2020 | +11.6% | +3.9% | +30.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1970 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Lakes Region Mental Health Center Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Lakes Region Mental Health Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $109K, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues approaching $20 million. This suggests that executive compensation is either reported under different expense categories, or the leadership operates without direct compensation from the organization, which would be a significant indicator of financial efficiency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Lakes Region Mental Health Center Inc's IRS 990 filings:
- 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
The following positive indicators were identified for The Lakes Region Mental Health Center Inc:
- 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.
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) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does The Lakes Region Mental Health Center Inc spend its money?
The Lakes Region Mental Health Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Lakes Region Mental Health Center Inc tax-deductible?
The Lakes Region Mental Health Center Inc is registered as a tax-exempt nonprofit (EIN: 20272138). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Lakes Region Mental Health Center Inc CEO make?
The Lakes Region Mental Health Center Inc's highest-compensated officer earns $20 annually. The organization reported $19.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Lakes Region Mental Health Center Inc's spending goes to programs?
The Lakes Region Mental Health Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Lakes Region Mental Health Center Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), The Lakes Region Mental Health Center Inc is above average for NTEE category F31Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Lakes Region Mental Health Center Inc located?
The Lakes Region Mental Health Center Inc is headquartered in Laconia, New Hampshire and files with the IRS under EIN 20272138. It is classified under NTEE code F31Z.
How many years of IRS 990 filings does The Lakes Region Mental Health Center Inc have?
The Lakes Region Mental Health Center Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $19.3M in total revenue.
How does The Lakes Region Mental Health Center Inc fund its executive leadership if officer compensation is consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests that executive compensation may be categorized under other expense lines (e.g., salaries and wages for program or administrative staff) or that the organization's leadership is compensated through alternative means not captured in this specific line item on the 990 form.
What is the long-term trend of the organization's net assets?
The organization's net assets have shown a strong upward trend, growing from $3,075,981 (Assets $4,428,859 - Liabilities $1,352,878) in 201506 to $10,202,026 (Assets $15,876,510 - Liabilities $5,674,484) in 202406, indicating healthy financial growth and stability.
Has the organization experienced significant operational deficits recently?
In the latest filing (202406), the organization reported a slight operational deficit of $108,875 ($17,092,022 revenue vs. $17,200,897 expenses). However, this is a minor fluctuation in the context of its overall financial health and prior surpluses.
Filing History
IRS 990 filing history for The Lakes Region Mental Health Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), The Lakes Region Mental Health Center Inc's revenue has grown by 96.4%, moving from $8.7M to $17.1M. Total assets increased by 369.5% over the same period, from $3.4M to $15.9M. Total functional expenses rose by 117.1%, from $7.9M to $17.2M. In its most recent filing year (2024), The Lakes Region Mental Health Center Inc reported a deficit of $109K, with expenses exceeding revenue. The organization holds $5.7M in liabilities against $15.9M in assets (debt-to-asset ratio: 35.7%), resulting in net assets of $10.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $17.1M | $17.2M | $15.9M | $5.7M | — | View 990 |
| 2023 | $16.9M | $16.5M | $16.0M | $5.9M | — | View 990 |
| 2022 | $16.8M | $15.7M | $16.5M | $6.9M | — | View 990 |
| 2021 | $18.8M | $15.4M | $15.5M | $6.6M | — | View 990 |
| 2020 | $15.0M | $14.2M | $12.7M | $7.7M | — | View 990 |
| 2019 | $13.4M | $13.6M | $9.8M | $5.5M | — | View 990 |
| 2018 | $13.9M | $13.0M | $11.1M | $6.6M | — | View 990 |
| 2017 | $13.1M | $12.7M | $6.6M | $3.0M | — | View 990 |
| 2016 | $11.9M | $11.8M | $4.3M | $1.2M | — | View 990 |
| 2015 | $11.6M | $10.7M | $4.4M | $1.4M | — | View 990 |
| 2014 | $10.2M | $10.5M | $4.1M | $1.9M | — | View 990 |
| 2013 | $9.1M | $9.1M | $3.9M | $1.5M | — | View 990 |
| 2012 | $8.7M | $7.9M | $3.4M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $17.1M, expenses of $17.2M, and assets of $15.9M (revenue +1.4% year-over-year).
- 2023: Revenue of $16.9M, expenses of $16.5M, and assets of $16.0M (revenue +0.4% year-over-year).
- 2022: Revenue of $16.8M, expenses of $15.7M, and assets of $16.5M (revenue -10.9% year-over-year).
- 2021: Revenue of $18.8M, expenses of $15.4M, and assets of $15.5M (revenue +25.8% year-over-year).
- 2020: Revenue of $15.0M, expenses of $14.2M, and assets of $12.7M (revenue +11.6% year-over-year).
- 2019: Revenue of $13.4M, expenses of $13.6M, and assets of $9.8M (revenue -3.2% year-over-year).
- 2018: Revenue of $13.9M, expenses of $13.0M, and assets of $11.1M (revenue +6.0% year-over-year).
- 2017: Revenue of $13.1M, expenses of $12.7M, and assets of $6.6M (revenue +10.2% year-over-year).
- 2016: Revenue of $11.9M, expenses of $11.8M, and assets of $4.3M (revenue +2.8% year-over-year).
- 2015: Revenue of $11.6M, expenses of $10.7M, and assets of $4.4M (revenue +13.8% year-over-year).
- 2014: Revenue of $10.2M, expenses of $10.5M, and assets of $4.1M (revenue +11.5% year-over-year).
- 2013: Revenue of $9.1M, expenses of $9.1M, and assets of $3.9M (revenue +4.7% year-over-year).
- 2012: Revenue of $8.7M, expenses of $7.9M, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Lakes Region Mental Health Center Inc:
Data Sources and Methodology
This transparency report for The Lakes Region Mental Health Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.