LAKE FOREST SENIOR LIVING COMMUNITY INC (EIN 141805657) - 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

1998

Principal Officer

BRIAN MINCHOFF

Phone

5185616431

Tax Period

2024-01-01 to 2024-12-31

LAKE FOREST SENIOR LIVING COMMUNITY INC, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2024. The organization ran a surplus of $560K, a strong 22% operating margin.

Mission

LAKE FOREST IS A NON-PROFIT RETIREMENT COMMUNITY SOLELY DEDICATED TO SERVING SENIORS AGED 68 YEARS AND OLDER. EMPHASIS IS PLACED ON HIGH QUALITY INDEPENDENT LIVING, COMBINED WITH EXCEPTIONAL SERVICES THAT FOCUS ON THE INDIVIDUALIZED NEEDS OF RESIDENTS. EMPHASIS IS DIRECTED TOWARD HEALTHY AGING AND OPPORTUNITIES TO ENGAGE IN MEANINGFUL ACTIVITIES AND RELATIONSHIPS. THERE IS A COMMITMENT TO PROMOTING A TRUSTING, RESPECTFUL, AND DIGNIFIED ENVIRONMENT. THESE QUALITIES ARE EMBEDDED IN THE MILIEU OF AN AFFORDABLE, NON-SUBSIDIZED HOUSING COMMUNITY.

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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 $5,581

Program Service Revenue $2,323,133

Investment Income $192,774

Other Revenue $25,011

TOTAL REVENUE $2,546,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $705,238

Fundraising Expenses $0

Program Expenses $1,755,360

Other Expenses $1,281,177

TOTAL EXPENSES $1,986,415

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,546,499	$2,486,881	+0.0%
Expenses	$1,986,415	$2,052,117	0.0%
Net Income	$560,084	$434,764	+0.3%

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

$125,543

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN MINCHOFF	EXECUTIVE DI	40.00	Officer	$102,079	$23,464	$125,543
MARIA ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN AVERY	TREASURER	2.00	Officer Director	$0	$0	$0
JARED BURNS	DIRECTOR	2.00	Director	$0	$0	$0
DAVE COLLIN	DIRECTOR	1.00	Director	$0	$0	$0
BETH DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DANA JEWELER	SECRETARY	2.00	Officer Director	$0	$0	$0
CATHERINE KELEHER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JACQUELINE KELLEHER	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD LARCHE	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN RYAN	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH SHERMAN	DIRECTOR	1.00	Director	$0	$0	$0
PETER STONE	PRESIDENT	2.00	Officer Director	$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
2024	$2,546,499	$1,986,415	$11,451,158	$560,084
2023	$2,486,881	$2,052,117	$11,204,933	$434,764
2022	$2,294,393	$2,027,138	$11,459,321	$267,255
2021	$2,104,418	$2,042,645	$10,540,807	$61,773
2020	$1,978,402	$2,054,592	$10,782,056	$-76,190
2019	$1,954,287	$1,929,378	$10,610,490	$24,909
2018	$1,580,135	$1,621,525	$9,179,006	$-41,390

LAKE FOREST SENIOR LIVING COMMUNITY INC