Lakewood Resource and Referral Center (LRRC)

Legal name: Lakewood Resource and Referral Center Inc

Nonprofit profile at a glance

EIN
201324142
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Lakewood, NJ, US
Phone
732.364.6666
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Family Services

Official website

Reported finances

Revenue
$71,605,721
Expenses
$67,972,299
Assets
$83,174,031
Liabilities
$26,192,319

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • DAVID FRIEDMAN (CEO)

Highest reported compensation

  • DAVID FRIEDMAN (CEO): $899,991 total reported compensation
  • JEFFEREY KAMINETSKY (CMO): $482,683 total reported compensation
  • MICHAEL GOLUB (PEDIATRICAN): $481,223 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To help meet the needs of the residents of Ocean County.

What it reported doing in 2024

The lrrc (center for health, education, medicine and dentistry (chemed)) serviced over 90,000 unique patients in over 331,000 face to face encounters in 2024. The encounters occurred in the internal medicine, pediatric behavioral health, dental speciality, womens health, immediate care, radiology, podiatry department, as well as chemed's second site in the west of lakewood and its third site located in the south of lakewood. Chemed's in house 340b pharmacy filled over 47,000 prescriptions in 2024. Chemed sees all patients regardless of ability to pay, including those on government assistance plans and uninsured who pay as per an income based sliding fee scale using federal guidelines.in addition, the lrrc social service division has assisted 12,997 unique households in 39,906 encounters. The lrrc helps with affordable housing, first-time home buying, subsidized health insurance, nutritional assistance, disability and paid work leaves, utility assistance, and senior services. Throughout 2024, the lrrc provided benefit and application assistance in one-on-one counseling sessions and engaged in community outreach and education activities regarding many social service topics. The lrrc continued collaborating with government, nonprofit and private sector agencies to assist ocean county residents in need.

Operating model

Revenue model
Other-operating. 84% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 99% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 91
  • Accountability: 95
  • Sustainability: 48
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.5%; rating input score 72
  • Program expense ratio: 75.7%; rating input score 76
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 40th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.1%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 1.22; rating input score 46; 46th percentile among comparable filings
  • Liabilities to assets ratio: 0.31; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 6.4%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: 14.3% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 14.5% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 20.9% per year; rating input score 100; 94th percentile among comparable filings

Details

  • What they do: 10 programs and campaigns described on the official site · 2 operating locations identified
  • Where the money goes: 72.5% of revenue deployed · 75.7% of spending went to programs
  • Governance: 11 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $51.5M in reported program spending
  • Leadership: top reported pay $900K · 22 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $8.5M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • 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 — Sustainability: Operating margin scored 57/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.