Lakes Region Consumer Advisory Board
Nonprofit profile at a glance
- EIN
- 020449867
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Laconia, NH, USA
- Phone
- 6035240801
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Mental Health Treatment F31 Psychiatric, Mental Health Hospital
Reported finances
- Revenue
- $503,757
- Expenses
- $516,495
- Assets
- $303,885
- Liabilities
- $54,653
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Michelle LaDue (Executive Director)
- Mike Bordes (PRESIDENT)
- Paula Marganau (VICE PRESIDENT)
Highest reported compensation
- Michelle LaDue (Executive Director): $64,900 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
LRCABs mission is to provide peer support to those who are currently receiving or have received mental health services and to empower them to control their own lives and to influence the resources that affect their lives.
What it reported doing in 2024
Peer support, mutual support, caring, sharing, venting feelings and reaching out to individuals who are currently receiving or have received mental health services.
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.7%; rating input score 100
- Program expense ratio: 97.2%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -2.5%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 0.59; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 12.6%; rating input score 29; 29th percentile among comparable filings
Growth
- Program expense growth: 12.2% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: 10.9% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 8.4% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 99.7% of revenue deployed · 97.2% of spending went to programs
- Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $502K in reported program spending
- Leadership: top reported pay $65K · 8 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Operating margin scored 29/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.
- High — Sustainability: Officer compensation ratio scored 29/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.