THE LAKE FOREST CLUB

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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

1958

Legal Domicile

Principal Officer

LESLIE BREWER

Phone

8472345316

Tax Period

2024-04-01 to 2025-03-31

THE LAKE FOREST CLUB, founded in 1958, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

THE PUPOSE OF THE CLUB IS TO PROVIDE TENNIS, SWIMMING, PLATFORM TENNIS, DINING AND SOCIAL FACILITIES TO ITS MEMBERS.

Program Service Accomplishments

Program 1

PROGRAM SERVICES PROVIDE SWIMMING, TENNIS, PLATFORM TENNIS, AND SOCIAL ACTIVITIES TO ALL MEMBERS AND FAMILIES.

Program 2

FOOD AND BEVERAGE SERVICES ARE PROVIDED TO ALL MEMBERS AND FAMILIES.

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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 $0

Program Service Revenue $2,327,562

Investment Income $0

Other Revenue $387,661

TOTAL REVENUE $2,715,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,570,741

Fundraising Expenses $0

Other Expenses $1,330,158

TOTAL EXPENSES $2,900,899

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,715,223	$2,992,235	-0.1%
Expenses	$2,900,899	$3,117,676	-0.1%
Net Income	$-185,676	$-125,441	+0.5%

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

117

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
JILL BUCKMAN	SOCIAL	N/A	Director	$0	$0	$0
ROB BUSAM	MEMBERSHIP	N/A	Director	$0	$0	$0
ALAN CICHON	DINING	N/A	Director	$0	$0	$0
HAYLEY CROPPER	YOUTH PROGRA	N/A	Director	$0	$0	$0
KEVIN FITZGERALD	SECRETARY	N/A	Officer Director	$0	$0	$0
BEN GAUTHIER	MEN'S RACQUE	N/A	Director	$0	$0	$0
MEREDITH GAUTHIER	WOMENSRACQUE	N/A	Director	$0	$0	$0
GREG GOETZ	OPERATIONS	N/A	Officer Director	$0	$0	$0
JIMMY HUGILL	TREASURER	N/A	Officer Director	$0	$0	$0
TOM JOHNSON	AQUATICS	N/A	Director	$0	$0	$0
LINDA MULVEY	DIRECTOR AT-	N/A	Director	$0	$0	$0
WARD ROSS	DIRECTOR AT-	N/A	Director	$0	$0	$0
SAMANTHA TRACE	COMMUNICATIO	N/A	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
2025	$2,715,223	$2,900,899	$1,586,530	$-185,676
2023	$3,204,074	$3,825,465	$2,294,098	$-621,391
2022	$3,426,094	$3,027,313	$3,269,536	$398,781
2021	$2,667,602	$1,878,317	$2,887,612	$789,285
2021	$2,692,878	$1,878,317	$2,887,612	$814,561
2020	$2,459,905	$2,541,500	$2,732,717	$-81,595
2019	$2,434,070	$2,632,004	$2,954,083	$-197,934
2018	$2,277,162	$2,698,004	$3,099,465	$-420,842