PRESERVATION FOUNDATION OF THE LAKE COUNTY FOREST PRESERVES (EIN 260285660) - 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

2007

Legal Domicile

Principal Officer

ERIKA STERGOS

Phone

8479683110

Tax Period

2024-01-01 to 2024-12-31

PRESERVATION FOUNDATION OF THE LAKE COUNTY FOREST PRESERVES, founded in 2007, is a community nonprofit in the Environment sector that reported $3.4M in total revenue in fiscal year 2024. The organization ran a surplus of $2.7M, a strong 80% operating margin.

Mission

THE PRESERVATION FOUNDATION OF THE LAKE COUNTY FOREST PERSERVERS, A NONPROFIT 501(C)(3) ORGANIZATION, WAS FOUNDTED TO PROVIDE MEANINGFUL WAYS FOR THE COMMUNITY TO PARTNER IN THE MISSION OF THE LAKE COUNTY FOREST PRESERVE DISTRICT. THE PRESERVATION FOUNDATION'S PURPOSES ARE CHARITABLE, LITERARY, SCIENTIFIC, AND EDUCATIONAL WITHIN THE MEANING OF THE CODE SECTION 501(C)(3). MORE SPECIFICALLY, THE PRESERVATION FOUNDATION SHALL WITHIN THESE PURPOSES RECEIVE AND ADMINISTER FUNDS, RAISE FUNDS, AND MAKE DISTRIBUTIONS TO OR FOR THE BENEFIT OF THE LAKE COUNTY FOREST PRESERVE DISTRICT. THE PRESERVATION FOUNDATION PROVIDES FUNDS THAT HELP THE DISTRICT ACCOMPLISH ITS MISSION, HELPING TO ACQUIRE AND RESTORE ITS LANDS FOR THE 3.5 MILLION VISITORS IT SERVES.

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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 $2,762,348

Program Service Revenue $0

Investment Income $618,598

Other Revenue $5,808

TOTAL REVENUE $3,386,754

Expense Breakdown

Grants Paid $668,488

Salaries & Benefits $0

Fundraising Expenses $8,517

Program Expenses $668,488

Other Expenses $10,698

TOTAL EXPENSES $679,186

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,386,754	$3,326,253	+0.0%
Expenses	$679,186	$4,634,633	-0.9%
Net Income	$2,707,568	$-1,308,380	-3.1%

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

N/A

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
CHARLES BARTELS	DIRECTOR	N/A	Director	$0	$0	$0
ANDREA DANKS	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS HEIER	DIRECTOR	N/A	Director	$0	$0	$0
ELIZABETH HOUGH	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KAREN HUNTER	DIRECTOR	N/A	Director	$0	$0	$0
JAMES KIRBY	DIRECTOR	N/A	Director	$0	$0	$0
ALEX KOVACH	DIRECTOR	N/A	Director	$0	$0	$0
ANGELO KYLE	DIRECTOR	N/A	Director	$0	$0	$0
NELS LEUTWILER	PRESIDENT	N/A	Officer Director	$0	$0	$0
BILLY MCKINNEY	DIRECTOR	N/A	Director	$0	$0	$0
ANDREA MOORE	SECRETARY	N/A	Officer Director	$0	$0	$0
MICHAEL RUMMEL	TREASURER	N/A	Officer Director	$0	$0	$0
PRADIP SAHU	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT SHEARS	DIRECTOR	N/A	Director	$0	$0	$0
ERIKA STERGOS	EXECUTIVE DI	20.00	Officer Director	$0	$0	$0
MARY VINCENT	DIRECTOR	N/A	Director	$0	$0	$0
JOHN WASIK	DIRECTOR	N/A	Director	$0	$0	$0
RENEE YOUNG	DIRECTOR	N/A	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
2024	$3,386,754	$679,186	$11,619,353	$2,707,568
2023	$3,326,253	$4,634,633	$8,938,759	$-1,308,380
2022	$4,207,316	$437,749	$10,023,422	$3,769,567
2021	$3,156,274	$539,158	$6,253,855	$2,617,116
2020	$831,983	$960,684	$3,547,965	$-128,701
2019	$1,562,619	$393,687	$3,638,284	$1,168,932
2018	$761,223	$747,296	$1,892,009	$13,927

PRESERVATION FOUNDATION OF THE LAKE COUNTY FOREST PRESERVES