LAKE CO PUBLIC LIBRARY FOUNDATION INC

EIN: 351602505 501(c)(3)

MERRILLVILLE, IN

Total Revenue
$364,429
Total Expenses
$68,090
Total Assets
$2,578,547
Net Assets
$2,578,547
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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
1984
Legal Domicile
IN
Principal Officer
ANA GRANDFIELD
Phone
2197693541
Tax Period
2023-01-01 to 2023-12-31

LAKE CO PUBLIC LIBRARY FOUNDATION INC, founded in 1984, is a small nonprofit that reported $364K in total revenue in fiscal year 2023. The organization ran a surplus of $296K, a strong 81% operating margin.

Mission

TO PURCHASE BOOKS FOR THE PUBLIC LIBRARY

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $180
Program Service Revenue $0
Investment Income $19,434
Other Revenue $344,815
TOTAL REVENUE $364,429

Expense Breakdown

Grants Paid $40,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,000
Other Expenses $28,090
TOTAL EXPENSES $68,090

Year-over-Year Comparison

2023 2022 Change
Revenue $364,429 $-324,080 -2.1%
Expenses $68,090 $63,868 +0.1%
Net Income $296,339 $-387,948 -1.8%
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

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Governance

Voting Members
10
Independent Members
9
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACY ANDERSON VP 10.00
Director
$0 $0 $0
MICHAEL MCINTYRE SECRETARY 10.00
Director
$0 $0 $0
MARTI ROSS TREASURER 10.00
Director
$0 $0 $0
DIAN REYOME PRESIDENT 10.00
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 No data No data No data No data
2023 $364,429 $68,090 $2,578,547 $296,339
2022 $-324,080 $63,868 $2,282,208 $-387,948
2021 $231,307 $63,584 $2,670,156 $167,723
2020 $216,928 $83,767 $2,502,433 $133,161
2019 $347,877 $59,050 $2,369,272 $288,827
2018 $-9,084 $68,589 $2,080,445 $-77,673
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