Lake County Lightning

EIN: 263835352 501(c)(3) Recreation & Sports

Hawthorn Woods, IL

Total Revenue
$287,127
Total Expenses
$270,551
Total Assets
$24,172
Net Assets
$-35,995
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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
2014
Principal Officer
Jerrold Fox
Tax Period
2023-01-01 to 2023-12-31

Lake County Lightning, founded in 2014, is a small nonprofit in the Recreation & Sports sector that reported $287K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $271K left a modest 6% surplus.

Mission

TO provide a resource for education and growth in the sports of baseball and softball

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $275,520
Investment Income $0
Other Revenue $11,607
TOTAL REVENUE $287,127

Expense Breakdown

Grants Paid $0
Salaries & Benefits $117,538
Fundraising Expenses $0
Program Expenses $270,551
Other Expenses $153,013
TOTAL EXPENSES $270,551

Year-over-Year Comparison

2023 2022 Change
Revenue $287,127 $263,973 +0.1%
Expenses $270,551 $343,359 -0.2%
Net Income $16,576 $-79,386 -1.2%
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

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Governance

Voting Members
3
Independent Members
3
Employees
25
Volunteers
100

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
0
$0
Total Directors
3
$40,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeremy Lutz Director of Operations 1.5
Director
$25,000 $0 $25,000
Scott ANderson Dir of Pitching Development 1.5
Director
$15,000 $0 $15,000
Jerrold E Fox Director 7.5
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 No data No data No data No data
2023 $287,127 $270,551 $24,172 $16,576
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