MATTOON, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAKE LAND COLLEGE FOUNDATION, founded in 1970, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $649K, a strong 29% operating margin.
LAKE LAND COLLEGE FOUNDATION WAS ESTABLISHED TO ASSIST LAKE LAND COLLEGE IN DEVELOPING AND ENHANCING THE EDUCATION OPPORTUNITIES AND SERVICES TO ITS STUDENTS, ALUMNI, AND CITIZENS OF THE DISTRICT. THE MISSION OF THE FOUNDATION IS TO PROVIDE STUDENT SCHOLARSHIPS THROUGH FUNDS CONTRIBUTED BY INDIVIDUALS, AGENCIES, AND CORPORATIONS.
THE LAKE LAND COLLEGE FOUNDATION WAS ORGANIZED AND OPERATES EXCLUSIVELY FOR EDUCATION AND CHARITABLE PURPOSES DESIGNED TO PROMOTE THE WELFARE OF LAKE LAND COLLEGE, MATTOON, ILLINOIS, AND ITS...
THE LAKE LAND COLLEGE FOUNDATION WAS ORGANIZED AND OPERATES EXCLUSIVELY FOR EDUCATION AND CHARITABLE PURPOSES DESIGNED TO PROMOTE THE WELFARE OF LAKE LAND COLLEGE, MATTOON, ILLINOIS, AND ITS STUDENTS. THE MAJOR THRUST OF THE FOUNDATION IS TO PROVIDE SCHOLARSHIPS TO LAKE LAND COLLEGE STUDENTS. DURING THE PAST YEAR, THROUGH THE GENEROUS DONATIONS OF AREA INDIVIDUALS, BUSINESSES, AND ORGANIZATIONS, THE FOUNDATION AWARDED $750,252 IN SCHOLARSHIPS TO OVER 600 DESERVING STUDENTS. THESE SCHOLARSHIPS VARY IN AMOUNTS AWARDED AND CRITERIA. FIRST ACCOMPLISHMENT FOR AWARDING IS BASED ON THE DONOR'S WISHES AND/OR GUIDELINES ESTABLISHED BY THE LAKE LAND COLLEGE FOUNDATION BOARD OF DIRECTORS. DONORS WHO REACH A SPECIFIED LEVEL OF LIFETIME GIVING ARE RECOGNIZED ON AN ANNUAL BASIS AND ALSO HAVE THE OPPORTUNITY TO MEET THEIR SCHOLARSHIP RECIPIENT(S) AT AN ANNUAL RECEPTION.DONORS REPRESENT A DIVERSE BACKGROUND FROM THE 4,000 SQUARE MILE DISTRICT. MANY DONORS HAVE BEEN DEDICATED TO HELPING STUDENTS FOR MORE THAN TWO DECADES. THEY BELIEVE IN THE COMMUNITY COLLEGE AND ARE COMMITTED TO ENSURING THAT THE REGION HAS A TRAINED WORKFORCE TO MEET THE NEEDS OF LOCAL BUSINESS AND INDUSTRY. DONORS ARE ALSO EXPANDING THEIR SUPPORT BY PROVIDING ADDITIONAL RESOURCES FOR THE UNMET FINANCIAL NEEDS OF THE COLLEGE DUE TO DECLINING STATE SUPPORT AND A SLUGGISH LOCAL PROPERTY TAX BASE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,233,955 | $1,673,676 | +0.3% |
| Expenses | $1,584,711 | $1,778,105 | -0.1% |
| Net Income | $649,244 | $-104,429 | -7.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LARRY BLACKERBY | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS WHITE | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| AMANDA MARTIN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MEG YARGUS STEWARD | FINANCE & INVESTMENT CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHLEEN ANDERSON | DONOR RELATIONS COMMITTEE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA VON BEHREN | BOARD DEVELOPMENT CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD HARTKE | PAST PRESIDENT | 1.00 |
Director
|
$0 | $0 | $0 |
| ANGELA DYER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AUSTIN FRANK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DEBRA SANDERCOCK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KELLIE EASTHAM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT PAYTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RUDY HUBER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TYLER MICENHEIMER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY SHAFER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GARY PHILIPPI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAYNA BOND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRY MCCONNELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DENISE BENCE | DIRECTOR - TERM ENDED 10/24 | 1.00 |
Director
|
$0 | $0 | $0 |
| BLAKE PIERCE | DIRECTOR - TERM ENDED 10/24 | 1.00 |
Director
|
$0 | $0 | $0 |
| KURTIS RANKIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTI DONSBACH | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$102,562 | $30,891 | $133,453 |
| MADGE SHOOT | TREASURER | 2.00 |
Officer
|
$113,016 | $12,696 | $125,712 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,233,955 | $1,584,711 | $19,472,255 | $649,244 |
| 2024 | $1,673,676 | $1,778,105 | $18,008,235 | $-104,429 |
| 2023 | $3,437,842 | $2,838,915 | $17,342,249 | $598,927 |
| 2022 | $4,733,091 | $1,142,062 | $16,022,044 | $3,591,029 |
| 2021 | $1,540,976 | $939,011 | $15,738,505 | $601,965 |
| 2020 | $888,245 | $2,404,286 | $13,509,676 | $-1,516,041 |
| 2019 | $1,496,648 | $1,251,841 | $13,964,473 | $244,807 |
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