History Center of Lake Forest-Lake Bluff (EIN 237213177) - 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

1972

Legal Domicile

Principal Officer

Katherine Hale

Phone

8472345253

Tax Period

2024-06-01 to 2025-05-31

History Center of Lake Forest-Lake Bluff, founded in 1972, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $533K, a strong 50% operating margin.

Mission

Preservation and promotion of community history.

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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 $986,350

Program Service Revenue $46,867

Investment Income $43,585

Other Revenue $-3,058

TOTAL REVENUE $1,073,744

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,574

Fundraising Expenses $94,925

Program Expenses $397,687

Other Expenses $280,085

TOTAL EXPENSES $540,659

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,073,744	$667,401	+0.6%
Expenses	$540,659	$549,576	0.0%
Net Income	$533,085	$117,825	+3.5%

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

$99,776

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carol Summerfield	Executive Director	040.00	Officer	$99,776	$0	$99,776
Mary Keefe	Director	001.00	Director	$0	$0	$0
Sabina Ewing	Director	001.00	Director	$0	$0	$0
Kate Morris	Director	001.00	Director	$0	$0	$0
David Forlow	Director	001.00	Director	$0	$0	$0
Jim Phelps	Director	001.00	Director	$0	$0	$0
Anne Hunting	Director	001.00	Director	$0	$0	$0
Kristen Chun	Director	001.00	Director	$0	$0	$0
Alan Lowe	Treasurer	002.00	Officer Director	$0	$0	$0
Wendy Giangiorgi	Secretary	002.00	Officer Director	$0	$0	$0
Sara Mahler	Director	001.00	Director	$0	$0	$0
Mark Saran	Director	001.00	Director	$0	$0	$0
Sandra Stringer	Director	001.00	Director	$0	$0	$0
Emery King	Director	001.00	Director	$0	$0	$0
Rich Kosmerl	Director	001.00	Director	$0	$0	$0
Mitch Engel	Director	001.00	Director	$0	$0	$0
Jeff Arch	Director	001.00	Director	$0	$0	$0
Kathy Dasso	Director	001.00	Director	$0	$0	$0
Madeleine Dugan	Director	001.00	Director	$0	$0	$0
Katherine Hale	President	010.00	Officer Director	$0	$0	$0
Tom Hunter	Director	001.00	Director	$0	$0	$0
Fred Jackson	Director	001.00	Director	$0	$0	$0
Amee Christ	Director	001.00	Director	$0	$0	$0
David Seleb	Vice President	002.00	Officer Director	$0	$0	$0
Bill Schumann	Director	001.00	Director	$0	$0	$0
Kim Placentino	Director	001.00	Director	$0	$0	$0
Mike Reidy	Director	001.00	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	$1,073,744	$540,659	$4,370,071	$533,085
2024	$667,401	$549,576	$3,786,800	$117,825
2023	$669,796	$563,125	$3,552,458	$106,671
2022	$753,649	$450,373	$3,460,130	$303,276
2021	$425,106	$399,513	$3,196,550	$25,593
2020	$279,805	$508,799	$3,085,321	$-228,994

History Center of Lake Forest-Lake Bluff