THE LAKE COUNTY COMMUNITY FOUNDATION (EIN 203654399) - 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

Principal Officer

KRIS HOULT

Phone

8473770520

Tax Period

2024-10-01 to 2025-09-30

THE LAKE COUNTY COMMUNITY FOUNDATION, founded in 2005, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.2M in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $3.2M exceeded revenue, resulting in a 44% operating deficit.

Mission

THE LAKE COUNTY COMMUNITY FOUNDATION IS A NONPROFIT CORPORATION LOCATED IN LAKE COUNTY, ILLINOIS THAT WAS ESTABLISHED IN 2003 TO BRING TOGETHER PHILANTHROPISTS AND DONORS, DOLLARS AND IDEAS TO BUILD PERMANENT FUNDS TO BENEFIT LAKE COUNTY, ILLINOIS - TODAY AND FOR GENERATIONS TO COME.

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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 $2,438,468

Program Service Revenue $308,638

Investment Income $-552,723

Other Revenue $0

TOTAL REVENUE $2,194,383

Expense Breakdown

Grants Paid $1,621,985

Salaries & Benefits $782,050

Fundraising Expenses $280,112

Program Expenses $2,382,922

Other Expenses $748,021

TOTAL EXPENSES $3,152,056

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,194,383	$3,770,565	-0.4%
Expenses	$3,152,056	$2,823,875	+0.1%
Net Income	$-957,673	$946,690	-2.0%

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

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

$146,759

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRIS HOULT	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MALCOLM NEWSOME	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NADINE JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
AMBER WEBB	SECRETARY	1.00	Officer Director	$0	$0	$0
JEANNE ANG	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE BOYD	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BUGG	DIRECTOR	1.00	Director	$0	$0	$0
LISA COWHEY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE FOX	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GIBBONS	DIRECTOR	1.00	Director	$0	$0	$0
TOPILTZIN GOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR AMY HEINRICH	DIRECTOR	1.00	Director	$0	$0	$0
REGINALD JONES	DIRECTOR	1.00	Director	$0	$0	$0
ALI O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER SANNES	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SONNIER	DIRECTOR	1.00	Director	$0	$0	$0
MAGGIE MORALES	EXECUTIVE DI	40.00	Officer	$133,199	$13,560	$146,759

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	$2,194,383	$3,152,056	$26,906,757	$-957,673
2024	$3,770,565	$2,823,875	$25,353,374	$946,690
2023	$4,808,735	$2,621,096	$20,485,729	$2,187,639
2022	$7,776,857	$4,025,060	$17,830,952	$3,751,797
2021	$7,569,623	$2,457,567	$19,682,346	$5,112,056
2020	$2,218,491	$1,880,068	$15,432,645	$338,423
2019	$1,890,327	$1,035,478	$13,513,730	$854,849
2018	$2,442,558	$965,676	$13,187,271	$1,476,882

THE LAKE COUNTY COMMUNITY FOUNDATION