LAKE COURT HOUSE FOUNDATION INC (EIN 351368010) - 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

1976

Legal Domicile

Principal Officer

DAVID WALDEN

Phone

2196630660

Tax Period

2024-01-01 to 2024-12-31

LAKE COURT HOUSE FOUNDATION INC, founded in 1976, is a small nonprofit that reported $181K in total revenue in fiscal year 2024. The organization ran a surplus of $117K, a strong 65% operating margin.

Mission

TO RENOVATE, PRESERVE, AND MAINTAIN THE LAKE COUNTY COURT HOUSE BUILDING LOCATED ON THE SQUARE IN CROWN POINT, INDIANA.

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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 $74,891

Program Service Revenue $0

Investment Income $121,297

Other Revenue $-14,975

TOTAL REVENUE $181,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,393

Fundraising Expenses $0

Program Expenses $43,703

Other Expenses $44,565

TOTAL EXPENSES $63,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$181,213	$190,629	0.0%
Expenses	$63,958	$130,785	-0.5%
Net Income	$117,255	$59,844	+1.0%

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

N/A

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
DAVID WALDEN	PRESIDENT	1.00	Director	$0	$0	$0
THOMAS DONOVAN	1ST VICE PRESIDENT	1.00	Director	$0	$0	$0
DAVID BRYAN	2ND VICE PRESIDENT	1.00	Director	$0	$0	$0
CAROL DRASGA	SECRETARY	1.00	Director	$0	$0	$0
JOE SANDERS	TREASURER	1.00	Director	$0	$0	$0
MARTHA WHEELER	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY BRIGGS	BOARD MEMBER	1.00	Director	$0	$0	$0
TREY FRANKHAUSER	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNDIE WALTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT ALM	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM KEILMAN	BOARD MEMBER	1.00	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	$181,213	$63,958	$3,757,506	$117,255
2023	$190,629	$130,785	$3,429,995	$59,844
2022	$332,360	$121,927	$3,563,159	$210,433
2021	$121,296	$132,874	$3,449,727	$-11,578
2020	$114,351	$129,509	$3,754,842	$-15,158
2019	$488,131	$168,997	$3,562,754	$319,134
2018	$167,000	$216,230	$3,065,560	$-49,230

LAKE COURT HOUSE FOUNDATION INC