LAKE COUNTY PUBLIC LIBRARY (EIN 356006653) - 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

1959

Legal Domicile

Phone

2197693541

Tax Period

2023-01-01 to 2023-12-31

LAKE COUNTY PUBLIC LIBRARY, founded in 1959, is a mid-sized nonprofit in the Education sector that reported $14.0M in total revenue in fiscal year 2023. Net assets of $39.8M represent 34 months of operating reserves.

Mission

TO PROVIDE THE HIGHEST QUALITY INFORMATIONAL, EDUCATIONAL, CULTURAL AND RECREATIONAL RESOURCES AND SERVICES TO RESIDENTS OF ALL AGES IN THE LAKE COUNTY PUBLIC

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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 $106,871

Program Service Revenue $268,804

Investment Income $420,721

Other Revenue $13,225,406

TOTAL REVENUE $14,021,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,552,724

Fundraising Expenses $0

Program Expenses $12,126,432

Other Expenses $6,512,405

TOTAL EXPENSES $14,065,129

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,021,802	$13,114,699	+0.1%
Expenses	$14,065,129	$13,191,357	+0.1%
Net Income	$-43,327	$-76,658	-0.4%

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

190

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

$210,380

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICE HUNT LOUNGES	TRUSTEE	10.00	Director	$0	$0	$0
LAWERENCE A ACHEFF	PRESIDENT	10.00	Director	$0	$0	$0
MOLLY DUNSCOMBE	TRUSTEE	10.00	Director	$0	$0	$0
CHARMAN SHIELDS-WILLAMSON	VP	10.00	Director	$0	$0	$0
MARTI ROSS	TRUSTEE	10.00	Director	$0	$0	$0
MICHAEL MCINTYRE	TRUSTEE	10.00	Director	$0	$0	$0
CAROL DAUMER GUTJAHR	DIRECTOR	40.00	Key Emp	$107,369	$0	$107,369
MARA CANDELARIA REARDON	SECRETARY	10.00	Director	$0	$0	$0
JOHN BROCK	FINANCIAL MGR	40.00	Key Emp	$103,011	$0	$103,011

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	$14,021,802	$14,065,129	$39,813,923	$-43,327
2022	$13,114,699	$13,191,357	$39,857,250	$-76,658
2021	$12,781,082	$12,081,798	$39,933,908	$699,284
2020	$12,619,949	$12,109,300	$39,234,624	$510,649
2019	$14,263,042	$12,817,519	$40,188,975	$1,445,523
2018	$14,068,494	$12,656,397	$41,023,452	$1,412,097

LAKE COUNTY PUBLIC LIBRARY