UNITED WAY OF LAKE COUNTY INC

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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

1940

Legal Domicile

Principal Officer

JAMES Q SNODGRASS

Phone

8477751000

Tax Period

2024-07-01 to 2025-06-30

UNITED WAY OF LAKE COUNTY INC, founded in 1940, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.5M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $6.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO UNITE LEADERSHIP AND RESOURCES FOR LASTING CHANGE, BY FOCUSING ON MEETING THE FINANCIAL, SOCIAL, AND EDUCATIONAL NEEDS OF FAMILIES AND INDIVIDUALS TO IMPROVE THEIR QUALITY OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $2,991,444 Revenue: $1,446

PROGRAM ACHIEVEMENTS INCLUDE SENDING DESIGNATIONS TO OTHER 501(C)(3) ORGANIZATIONS, SOME OF WHICH ARE PAID DIRECTLY BY THE DONOR, AND OTHER EXEMPT PURPOSE ACHIEVEMENTS.

Program 2

Expenses: $778,426

SUCCESS BY SIX: CHILDREN ENTER KINDERGARTEN READY TO SUCCEED. THIS IS ACHIEVED THROUGH A COMBINATION OF DIRECT SERVICE AND GRANTS TO PROGRAM PARTNERS. GRANTS TO THE COMMUNITY TOTALED $188,000. THERE WERE 6 AGENCIES INVOLVED THAT SERVED 225 CLIENTS IN 2025. THESE PROGRAMS ENSURED CHILDREN ENTER KINDERGARTEN WITH THE SKILLS THEY NEED TO BE SUCCESSFUL IN SCHOOL. DIRECT SERVICE PROGRAMS HAVE A COMBINED SPEND OF $778,426. INCLUDED KINDERGARTEN COUNTDOWN CAMP SERVING 116 CHILDREN AND EARLY LEARNING CLUBS SERVING 2,909 CHILDREN. THESE PROGRAMS MEET THE GOAL: CHILDREN ENTER KINDERGARTEN WITH THE SKILLS THEY NEED TO BE SUCCESSFUL IN SCHOOL. DIRECT SERVICE PROGRAMS BETTER TOGETHER SERVED 75 FAMILIES AND 841 FAMILIES SUBSCRIBED TO, LANTERN, FORMERLY KNOWN AS BRIGHT BY TEXT. (SEE SCHEDULE O) THOSE PROGRAMS MEET THE GOAL: PARENTS BECOME THEIR CHILD'S FIRST TEACHER AND PARENTS OF CHILDREN 0-11 HAVE TIPS TO ENSURE THEIR CHILDREN THRIVE. RESOURCES INCLUDED 20,000 KINDERGARTEN READINESS CALENDARS DISTRIBUTED TO CHILDREN AGE 4-6.

Program 3

Expenses: $885,063

211/SAFE & STABLE FAMILIES: A FREE, CONFIDENTIAL, MULTILINGUAL, 24/7, 365 DAYS PER YEAR INFORMATION AND REFERRAL HELPLINE. PROVIDES INFORMATION AND REFERRALS TO PEOPLE IN NEED USING PHONE CALLS, TEXT MESSAGING AND ONLINE SEARCHABLE DATABASES. TRAINED SPECIALISTS ASSIST INDIVIDUALS AND FAMILIES IN NEED WITH ACCESS TO AVAILABLE HEALTH AND HUMAN SERVICES: SUCH AS FOOD, EMERGENCY SHELTER, RENT AND UTILITY ASSISTANCE, HEALTH CLINCS, SUBSTANCE ABUSE AND MENTAL HEALTH COUNSELING, AND MORE. 9,299 CONTACTS WERE MADE TO 211 RESULTING IN 13,905 NEEDS AND 15,041 REFERRALS WITH A SPEND OF $885,063. THE GREATEST NEEDS ADDRESSED INCLUDED HOUSING AND SHELTER (44%) UTILITIES (12%), FOOD (6%), EMPLOYMENT AND INCOME (7%), AND HEALTHCARE (5%).

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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 $5,236,389

Program Service Revenue $1,446

Investment Income $261,650

Other Revenue $-16,715

TOTAL REVENUE $5,482,770

Expense Breakdown

Grants Paid $2,595,979

Salaries & Benefits $2,149,283

Fundraising Expenses $739,717

Program Expenses $5,004,185

Other Expenses $1,412,463

TOTAL EXPENSES $6,157,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,482,770	$8,903,392	-0.4%
Expenses	$6,157,725	$8,973,446	-0.3%
Net Income	$-674,955	$-70,054	+8.6%

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

1193

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

$410,909

Total Directors