LAKE FOREST COUNTRY CLUB (EIN 340766500) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1929

Legal Domicile

Principal Officer

DAVID SCHLABIG

Phone

3306563800

Tax Period

2024-01-01 to 2024-12-31

LAKE FOREST COUNTRY CLUB, founded in 1929, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2024. The organization ran a surplus of $2.0M, a strong 29% operating margin.

Mission

TO OPERATE AND MAINTAIN A SOCIAL CLUB AND FACILITIES FOR MEMBERS, THEIR FAMILIES, AND GUESTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,183,540

Investment Income $-1,567

Other Revenue $811,864

TOTAL REVENUE $6,993,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,946,417

Fundraising Expenses $0

Other Expenses $2,032,949

TOTAL EXPENSES $4,979,366

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,993,837	N/A	N/A
Expenses	$4,979,366	N/A	N/A
Net Income	$2,014,471	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

245

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

$167,482

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE IAFIGLIOLA	PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY GRANT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID SCHLABIG	TREASURER	1.00	Officer Director	$0	$0	$0
DAN KIRTZ	SECRETARY	1.00	Officer Director	$0	$0	$0
DON HAYES	DIRECTOR	1.00	Director	$0	$0	$0
JANELLE BURNHEIMER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE STRONGOSKY	DIRECTOR	1.00	Director	$0	$0	$0
NEILLE VITALE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN POE	DIRECTOR	1.00	Director	$0	$0	$0
CARL ROBINS	GENERAL MANAGER	40.00	Officer	$155,059	$12,423	$167,482
THOMAS BOLON	GREENS SUPERITENDENT	40.00	Highest	$132,496	$5,300	$137,796
JOHN GOODSON	GOLF PROFESSIONAL	40.00	Highest	$149,218	$16,168	$165,386

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	No data	No data	No data	No data
2024	$6,993,837	$4,979,366	$6,769,198	$2,014,471

LAKE FOREST COUNTRY CLUB