LAKE HERITAGE PARKS FOUNDATION INC

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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

1977

Legal Domicile

Principal Officer

CHRISTOPHER LANDGRAVE

Phone

2199450543

Tax Period

2025-01-01 to 2025-12-31

LAKE HERITAGE PARKS FOUNDATION INC, founded in 1977, is a small nonprofit in the Environment sector that reported $269K in total revenue in fiscal year 2025. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $945K exceeded revenue, resulting in a 252% operating deficit.

Mission

SUPPORT OF THE LAKE COUNTY PARTS DEPT

Program Service Accomplishments

Program 1

Expenses: $902,326 Revenue: $247,991

Provided funds to improve various Lake County parks

Program 2

Expenses: $22,283 Revenue: $0

Provided awards and scholarships to employees of the Lake County Parks Department. Provided funds to the lake County Parks Department and the Lake County Veterans Committee

Program 3

Expenses: $20,033 Revenue: $0

Compensated an Executive Director and a Project Manager. Attended conferences and conventions.

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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 (2025)

Revenue Breakdown

Contributions & Grants $11,850

Program Service Revenue $0

Investment Income $20,683

Other Revenue $236,141

TOTAL REVENUE $268,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,033

Fundraising Expenses $0

Program Expenses $944,642

Other Expenses $924,609

TOTAL EXPENSES $944,642

Year-over-Year Comparison

	2025	2024	Change
Revenue	$268,674	$221,458	+0.2%
Expenses	$944,642	$488,587	+0.9%
Net Income	$-675,968	$-267,129	+1.5%

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

N/A

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

Total Directors

Key Employees

$21,366

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carl Vonasch	President	2.00	Officer	$0	$0	$0
Ed Cleveland	Vice Pres	2.00	Officer	$0	$0	$0
W Dean Jones	Sec/Treas	3.00	Officer	$0	$0	$0
Chris Landgrave	Executive Director	10.00	Key Emp	$14,370	$0	$14,370
Craig Zandstra	Project Manager	10.00	Key Emp	$6,996	$0	$6,996

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	$268,674	$944,642	$2,944,425	$-675,968
2024	$221,458	$488,587	$3,489,427	$-267,129
2023	$391,942	$198,511	$1,335,140	$193,431
2022	$442,065	$199,490	$1,099,819	$242,575
2021	$253,974	$144,624	$930,583	$109,350
2020	$194,944	$165,526	$737,984	$29,418
2019	$222,143	$158,905	$680,374	$63,238
2018	$199,068	$126,953	$601,211	$72,115