LAKE PARKS FOUNDATION (EIN 341627858) - 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

1989

Legal Domicile

Phone

4405859329

Tax Period

2023-01-01 to 2023-12-31

LAKE PARKS FOUNDATION, founded in 1989, is a small nonprofit in the Environment sector that reported $154K in total revenue in fiscal year 2023. The organization ran a surplus of $135K, a strong 88% operating margin.

Mission

To promote the development of parks, recreation, and leisure services in Lake County; to enhance the quality of life in Lake County by preserving land, environment, and natural heritage; and to create significant opportunities by conservation, education, recreation, and relaxation either directly or by contributions to organizations that qualify as exempt organizations under Section 501 (c) (3) of the Internal Revenue Code and its Regulations as they now exist or as they may hereafter be amended.

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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 (2023)

Revenue Breakdown

Contributions & Grants $15,029

Program Service Revenue $0

Investment Income $138,610

Other Revenue $0

TOTAL REVENUE $153,639

Expense Breakdown

Grants Paid $11,123

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,123

Other Expenses $7,488

TOTAL EXPENSES $18,611

Year-over-Year Comparison

	2023	2022	Change
Revenue	$153,639	$-4,281	-36.9%
Expenses	$18,611	$75,155	-0.8%
Net Income	$135,028	$-79,436	-2.7%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT DAKES	TREASURER & TRUSTEE	3	Officer Director	$0	$0	$0
LORETTA DAKES	SECRETARY & TRUSTEE	2	Officer Director	$0	$0	$0
KEVIN CLINTON	PRESIDENT & TRUSTEE	1.1	Officer Director	$0	$0	$0
JOHN JR ANTALOVICH	VICE PRESIDENT & TRUSTEE	1.5	Officer Director	$0	$0	$0
Laura Lytle	Trustee	1.1	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	$153,639	$18,611	$1,130,539	$135,028
2022	$-4,281	$75,155	$993,789	$-79,436
2021	$334,060	$64,217	$1,229,892	$269,843
2020	$-640,732	$39,024	$984,367	$-679,756
2019	$143,300	$24,249	$1,565,864	$119,051
2018	$143,493	$84,116	$1,352,498	$59,377

LAKE PARKS FOUNDATION