College of Lake County Foundation (EIN 362852334) - 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

1974

Legal Domicile

Phone

8475432091

Tax Period

2024-07-01 to 2025-06-30

College of Lake County Foundation, founded in 1974, is a community nonprofit in the Education sector that reported $8.1M in total revenue in fiscal year 2024. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 23% operating margin.

Mission

The College of Lake County Foundation seeks to be Lake County's first choice educational foundation. Our philanthropic partnerships support the College's mission to deliver high quality, accessible learning opportunities, advance student success and strengthen the diverse Lake County communities it serves.

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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 $7,253,927

Program Service Revenue $0

Investment Income $861,351

Other Revenue $0

TOTAL REVENUE $8,115,278

Expense Breakdown

Grants Paid $6,118,174

Salaries & Benefits $0

Fundraising Expenses $11,348

Program Expenses $6,118,174

Other Expenses $117,233

TOTAL EXPENSES $6,235,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,115,278	$3,859,359	+1.1%
Expenses	$6,235,407	$4,523,790	+0.4%
Net Income	$1,879,871	$-664,431	-3.8%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$31,564

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Appleton	Treasurer-ExOfficio	0.6	Officer Director	$0	$0	$0
Brandon Bennett	Director	0.6	Director	$0	$0	$0
Christine Lpez	Director	0.6	Director	$0	$0	$0
Christopher Piazzi	Director	0.6	Director	$0	$0	$0
Dave Galla	Director	0.6	Director	$0	$0	$0
Derek Leiter	Director	0.6	Director	$0	$0	$0
Dr Ali O Brien	Director - ExOfficio	0.6	Director	$0	$0	$0
Dr Kristen Jones	Director - ExOfficio	0.6	Director	$0	$0	$0
Dr Lori Suddick	Director - ExOfficio	0.6	Director	$0	$0	$0
Elizabeth Kangas Miller	Director	0.6	Director	$0	$0	$0
Holly Kerr	Director	0.6	Director	$0	$0	$0
J Kenneth Rosko	Director	0.6	Director	$0	$0	$0
Jannes E Zobus	Director	0.6	Director	$0	$0	$0
Joanna P Rolek	Director	0.6	Director	$0	$0	$0
Judith A Haga	Director	0.6	Director	$0	$0	$0
Julia Guiney	Director	0.6	Director	$0	$0	$0
Kathy Buscaglia	Director	0.6	Director	$0	$0	$0
Lincoln Abbey	Director	0.6	Director	$0	$0	$0
Lisa Dooley Trace	Director	0.6	Director	$0	$0	$0
Meg Largay	Director	0.6	Director	$0	$0	$0
Michael S Trimble	Director	0.6	Director	$0	$0	$0
Paul Diamond	Director	0.6	Director	$0	$0	$0
R Lee Piekarz	Director	0.6	Director	$0	$0	$0
Robert R Worobow	Director	0.6	Director	$0	$0	$0
Sam Valenti	Director	0.6	Director	$0	$0	$0
Sandra Shinsky	Director	0.6	Director	$0	$0	$0
Sonja Marinac	Director	0.6	Director	$0	$0	$0
Tiffany Peppers	Director	0.6	Director	$0	$0	$0
Val Munchez -van der Wagt	Director	0.6	Director	$0	$0	$0
Glenda Abbott	Vice-Chair	0.6	Officer	$0	$0	$0
LEIGH ANN JACOBSON	Executive Director & Chief Development Officer (Start November 2024)	40.0	Officer	$25,587	$5,977	$31,564
Renee Young	Chair	0.6	Officer	$0	$0	$0
Scot Parker	Secretary	0.6	Officer	$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	$8,115,278	$6,235,407	$11,852,030	$1,879,871
2024	No data	No data	No data	No data
2023	$2,897,556	$4,543,203	$10,877,519	$-1,645,647
2022	$6,924,172	$2,150,617	$11,745,134	$4,773,555
2021	$3,909,219	$1,295,414	$8,518,989	$2,613,805
2020	$1,986,456	$1,073,065	$5,279,467	$913,391
2019	$1,029,694	$1,363,876	$4,391,256	$-334,182

College of Lake County Foundation