BE FREE LAKE INC (EIN 113762675) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Phone

3523832099

Tax Period

2024-10-01 to 2025-09-30

BE FREE LAKE INC, founded in 2005, is a small nonprofit in the Environment sector that reported $219K in total revenue in fiscal year 2024.

Mission

CREATING A HEALTHY COMMUNITY CLIMATE IN LAKE COUNTY FOR YOUTH AND OTHER RESIDENTS THAT IS FREE OF VIOLENCE AND SUBSTANCE ABUSE WHILE PROMOTING HEALTH AND WELLNESS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $218,653

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $218,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,612

Fundraising Expenses $0

Program Expenses $216,589

Other Expenses $145,870

TOTAL EXPENSES $222,482

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,653	N/A	N/A
Expenses	$222,482	N/A	N/A
Net Income	$-3,829	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA HERRICK	CHAIRMAN	1.00	Officer	$0	$0	$0
SEBRINA DILLION-BANKS	SECRETARY	1.00	Officer	$0	$0	$0
JOELLE ABOYTES ESQ	TREASURER	1.00	Officer	$0	$0	$0
DELRITA MEISNER	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
SGT JAMES VACHON	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
AMANDA STACK	BOD MEMBER	1.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$218,653	$222,482	$59,225	$-3,829
2024	$336,253	$276,131	$64,579	$60,122
2023	$193,785	$280,835	$2,932	$-87,050
2022	$206,305	$187,883	$89,982	$18,422
2021	$252,625	$233,928	$74,057	$18,697
2020	$231,407	$226,373	$54,871	$5,034
2019	$219,753	$211,310	$48,997	$8,443

BE FREE LAKE INC