LAKE COUNTY BAR ASSOCIATION

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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

1912

Legal Domicile

Principal Officer

DANIEL HODGKINSON

Phone

8472443143

Tax Period

2023-07-01 to 2024-06-30

LAKE COUNTY BAR ASSOCIATION, founded in 1912, is a small nonprofit in the Crime & Legal sector that reported $457K in total revenue in fiscal year 2023.

Mission

PROVIDE PROFESSIONAL SUPPORT, EDUCATION AND NETWORKING OPPORTUNITIES TO LAWYERS, JUDGES, OTHER LEGAL PROFESSIONALS AND THE PUBLIC

Program Service Accomplishments

Program 1

Expenses: $103,026 Revenue: $237,572

A MEMBERSHIP IN THE ASSOCIATION PROVIDES MEMBERS WITH SOCIAL AND EDUCATIONAL ACTIVITIES INCLUDING EDUCATIONAL SERVICES TO THE PUBLIC.

Program 2

Expenses: $96,330 Revenue: $123,676

SEMINARS ARE OFFERED TO MEMBERS FOR CONTINUING EDUCATION PURPOSES.

Program 3

Expenses: $27,881 Revenue: $8,650

THE DOCKET MAGAZINE CONTAINS ARTICLES THAT EDUCATE AND INFORM MEMBERS, AS WELL AS OFFERS MEMBERS THE OPPORTUNITY TO ADVERTISE FOR THEIR PRACTICES AND SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $192,234

Program Service Revenue $196,808

Investment Income $451

Other Revenue $67,733

TOTAL REVENUE $457,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,123

Fundraising Expenses $75,964

Program Expenses $231,937

Other Expenses $279,060

TOTAL EXPENSES $484,183

Year-over-Year Comparison

	2023	2022	Change
Revenue	$457,226	$476,282	0.0%
Expenses	$484,183	$447,862	+0.1%
Net Income	$-26,957	$28,420	-1.9%

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
GREGORY WEIDER	EXECUTIVE DIRECTOR	40.00		$97,798	$0	$97,798
RICHARD GELLERSTED	Treasurer	1.00	Officer Director	$0	$0	$0
TARA DEVINE	Past President	1.00	Officer Director	$0	$0	$0
KATHARINE HATCH	President	1.00	Officer Director	$0	$0	$0
KEVIN BERRILL	Vice President	1.00	Officer Director	$0	$0	$0
JEFFREY BERMAN	Secretary	1.00	Officer Director	$0	$0	$0
DANIEL HODGKINSON	Vice President	1.00	Officer Director	$0	$0	$0
JUDY MALDONADO	Trustee	1.00	Director	$0	$0	$0
BOLLING HAXALL	Trustee	1.00	Director	$0	$0	$0
JEREMY HARTER	Trustee	1.00	Director	$0	$0	$0
CRAIG MANDELL	Trustee	1.00	Director	$0	$0	$0
JEFFREY O'KELLEY	Trustee	1.00	Director	$0	$0	$0
SARAH RAISCH	Trustee	1.00	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
2025	No data	No data	No data	No data
2024	$457,226	$484,183	$344,604	$-26,957
2023	$476,282	$447,862	$333,800	$28,420
2022	$472,682	$390,911	$408,127	$81,771
2021	$409,451	$305,759	$397,868	$103,692
2020	$439,204	$375,030	$244,560	$64,174
2019	$464,008	$465,060	$176,047	$-1,052