Lake Forest Graduate School of Management (EIN 237013253) - 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

1946

Legal Domicile

Phone

8472345005

Tax Period

2022-07-01 to 2023-06-30

Lake Forest Graduate School of Management, founded in 1946, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2022. Expenses of $9.3M exceeded revenue, resulting in a 17% operating deficit.

Mission

Lake Forest Graduate School of Management's mission is to bring the real world to business education and leadership development.

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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 (2022)

Revenue Breakdown

Contributions & Grants $676,729

Program Service Revenue $7,049,803

Investment Income $232,093

Other Revenue $0

TOTAL REVENUE $7,958,625

Expense Breakdown

Grants Paid $448,231

Salaries & Benefits $7,058,440

Fundraising Expenses $0

Program Expenses $6,873,619

Other Expenses $1,804,769

TOTAL EXPENSES $9,311,440

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,958,625	$8,050,027	0.0%
Expenses	$9,311,440	$8,910,872	+0.0%
Net Income	$-1,352,815	$-860,845	+0.6%

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

154

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

$947,357

Total Directors

$482,831

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE / VICE BOARD CHAIR	1.0	Officer Director	$0	$0	$0
N/A	President & CEO	38.0	Officer Director	$366,580	$35,516	$402,096
N/A	TRUSTEE / BOARD CHAIR / FACULTY	1.0	Officer Director	$5,100	$0	$5,100
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR / FACULTY	1.0	Director	$70,035	$0	$70,035
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR / FACULTY	1.0	Director	$5,600	$0	$5,600
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	Sr VP Center for Leadership	38.0	Officer	$241,941	$39,865	$281,806
N/A	VP Finance & CFO	38.0	Officer	$226,013	$32,342	$258,355
N/A	Sr Director, Marketing Operations	38.0	Highest	$135,632	$3,729	$139,361
N/A	Director Leadership Solutions	38.0	Highest	$131,740	$14,850	$146,590
N/A	Business Dev Director	38.0	Highest	$240,648	$26,822	$267,470
N/A	Information Technology Director	38.0	Highest	$119,188	$31,336	$150,524
N/A	Bus Dev Director	38.0	Highest	$218,184	$35,934	$254,118

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$7,958,625	$9,311,440	$15,516,941	$-1,352,815
2022	$8,050,027	$8,910,872	$16,763,450	$-860,845
2021	$9,582,836	$9,093,192	$18,989,576	$489,644
2020	$9,369,913	$10,453,836	$18,614,761	$-1,083,923
2019	$10,232,238	$10,318,598	$17,778,173	$-86,360
2018	$10,367,499	$10,568,180	$17,701,853	$-200,681

Lake Forest Graduate School of Management