Health Care
(E91)
990 on File
LAKE ORION NURSING CENTER CORPORATION
Financial strength (30%)
75/100
Reliability (20%)
40/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$10.9M
Total Revenue
$11.6M
Total Expenses
$18.8M
Net Assets
206
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
95.4%
Fundraising Efficiency
N/A
Operating Reserve
19.50x
Liability-to-Asset
8.7%
Revenue Diversification
84.7%
Executive Compensation
$249K
Compared with Peers
FY 2024
Compared with 2,013 similar organizations
(United States, Health Care, $10M–$100M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
95.4% | 84.6% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
4.7% | 14.6% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
19.5 mo | 6.8 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
8.7% | 35.3% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
84.7% | 92.5% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
9.3% | 7.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
4.8% | 7.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-6.1% | 1.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $10.9M | $11.6M | $18.8M | 95.4% | 206 |
| 2023 | $10.0M | $11.1M | $19.6M | 94.9% | 182 |
| 2022 | $9.8M | $11.1M | $20.7M | 97.3% | 183 |
| 2021 | $12.6M | $11.6M | $22.0M | 87.7% | 222 |
| 2019 | $13.0M | $12.4M | N/A | — | 0 |
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