LAKESIDE LEGACY FOUNDATION

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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

2002

Legal Domicile

Principal Officer

MURRAY CRABTREE

Phone

8154558000

Tax Period

2024-01-01 to 2024-12-31

LAKESIDE LEGACY FOUNDATION, founded in 2002, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 5% surplus.

Mission

THE FOUNDATION'S MISSION IS TO PRESERVE AND PROTECT THE DOLE MANSION AND LAKESIDE PROPERTY FOR COMMUNITY USE IN A NATURAL AND HISTORIC SETTING

Program Service Accomplishments

Program 1

Expenses: $832,214 Revenue: $242,051

THE ENTITY SEEKS TO PRESERVE AND PROTECT THE DOLE MANSION AND LAKESIDE ARTS PARK FOR THE COMMUNITY TO EXPERIENCE . LLF HAS ACHIEVED AND CONTINUED TO DO SO BY OFFERING ARTISTS STUDIOS AND EVENT RENTAL SPACE FOR THEM TO EDUCATE OR CREATE THEIR OWN INSPIRING WORKS. THE ENTITY HAD 48 STUDIOS OF WHICH 28 WERE OCCUPIED BY ARTISTS OF ALL GENRE(I.E PAINTERS, PHOTOGRAPHERS, MUSICIANS AND RECORDING ARTISTS).

Program 2

Revenue: $93,938

FARMERS MARKET AT THE DOLE IS AN INDOOR AND OUTDOOR MARKET EXPERIENCE THAT BEGAN IN 2021. THE MARKET SUPPORTS THE PRESERVATION EFFORTS OF THE HISTORIC PROPERTY WHILE SUPPORTING LOCAL SMALL...

FARMERS MARKET AT THE DOLE IS AN INDOOR AND OUTDOOR MARKET EXPERIENCE THAT BEGAN IN 2021. THE MARKET SUPPORTS THE PRESERVATION EFFORTS OF THE HISTORIC PROPERTY WHILE SUPPORTING LOCAL SMALL BUSINESSES, MUSICIANS AND OTHER ARTISTS. IT ALSO FEATURES CHILDREN'S ATTRACTIONS AND LIVE MUSIC. THE PROGRAM SERVES BETWEEN 1500-3000 GUESTS IN THE SUMMER OUTDOORS AND BETWEEN 500-750 PEOPLE INDOORS DURING NOVEMBER-APRIL.

Program 3

Expenses: $22,867 Revenue: $14,666

THE ENTITY ALSO HAS OTHER PROGRAMS SUCH AS THE 1ST FRIDAY ART SHOWN WHERE LOCAL ARTISTS SHOWCASE THEIR WORK IN THE SAGE AND DOLE GALLERY. IT ALSO HAS THE LISTENING ROOM WHICH HOSTS PERFORMANCES OF...

THE ENTITY ALSO HAS OTHER PROGRAMS SUCH AS THE 1ST FRIDAY ART SHOWN WHERE LOCAL ARTISTS SHOWCASE THEIR WORK IN THE SAGE AND DOLE GALLERY. IT ALSO HAS THE LISTENING ROOM WHICH HOSTS PERFORMANCES OF MUSICAL ARTISTS ACROSS DIFFERENT GENRES. THE ENTITY REMODELED THE LOUS LOUNGE IN 2022 AND HAD IT OPEN TO PUBLIC EVENTS IN 2023.

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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 $295,374

Program Service Revenue $350,655

Investment Income $5,777

Other Revenue $527,447

TOTAL REVENUE $1,179,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $399,081

Fundraising Expenses $8,471

Program Expenses $855,081

Other Expenses $719,414

TOTAL EXPENSES $1,118,495

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,179,253	$1,152,236	+0.0%
Expenses	$1,118,495	$1,131,739	0.0%
Net Income	$60,758	$20,497	+2.0%

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

992

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
MURRAY CRABTREE	TREASURER	5.00	Officer Director	$0	$0	$0
BOB FLECK	MEMBER	1.00	Director	$0	$0	$0
JEFF FOX	MEMBER	1.00	Director	$0	$0	$0
KRISTEN GEORGY	MEMBER	1.00	Director	$0	$0	$0
MARCY GOLONKA	MEMBER	1.00	Director	$0	$0	$0
JACK GREEN	MEMBER	1.00	Director	$0	$0	$0
JAY LECOQUE	PRESIDENT	10.00	Officer Director	$0	$0	$0
PAUL LEECH	MEMBER	1.00	Director	$0	$0	$0
MARTIN MOISTER	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
RONALD RUSSELL	MEMBER	5.00	Director	$0	$0	$0
ROGER WHITMAN	MEMBER	5.00	Director	$0	$0	$0
KATHLEEN WOOLEY	SECRETARY	3.00	Officer 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	$1,179,253	$1,118,495	$3,126,246	$60,758
2023	$1,152,236	$1,131,739	$3,112,502	$20,497
2023	$1,152,236	$1,131,739	$3,112,502	$20,497
2022	$1,030,789	$831,609	$3,210,251	$199,180
2022	$1,030,789	$831,609	$3,210,251	$199,180
2021	$938,267	$657,590	$2,955,150	$280,677
2020	$899,364	$592,908	$2,859,576	$306,456
2019	$664,671	$718,109	$2,615,703	$-53,438
2018	$711,024	$678,743	$2,665,770	$32,281