Lake Forest Swim Club (EIN 363396035) - 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

1985

Legal Domicile

Principal Officer

Kim Sturonas

Phone

8477355372

Tax Period

2023-01-01 to 2023-12-31

LAKE FOREST SWIM CLUB, founded in 1985, is a small nonprofit in the Recreation & Sports sector that reported $463K in total revenue in fiscal year 2018. Expenses of $447K left a modest 4% surplus.

Mission

The Lake Forest Swim Club provides a program to help young people chase their swimming dreams and in doing so paving the way for bright futures for each and every child in the program.

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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 $229,235

Program Service Revenue $69,448

Investment Income $19

Other Revenue $0

TOTAL REVENUE $298,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,865

Fundraising Expenses $5,611

Program Expenses $207,559

Other Expenses $117,433

TOTAL EXPENSES $273,298

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,702	$297,924	+0.0%
Expenses	$273,298	$271,122	+0.0%
Net Income	$25,404	$26,802	-0.1%

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

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

$119,768

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kim Sturonas	President	0.50	Officer	$0	$0	$0
Sandi King	Secretary	0.50	Officer	$0	$0	$0
Darsh Patel	Treasurer	0.50	Officer	$0	$0	$0
Michael Lawrence	Executive Director	40.00	Key Emp	$84,368	$0	$84,368
Maureen Fitzgerald	Director of Fundraising	0.50	Director	$0	$0	$0
Olivia Poska	Meet Director	0.50	Director	$0	$0	$0
Laurel Whittington	Director	40.00	Key Emp	$35,400	$0	$35,400

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	$298,702	$273,298	$196,302	$25,404
2022	$297,924	$271,122	$176,798	$26,802
2021	$378,240	$334,470	$146,996	$43,770
2020	$251,813	$243,981	$118,236	$7,832
2019	$376,509	$350,297	$82,315	$26,212
2018	$463,305	$446,874	$56,520	$16,431

Lake Forest Swim Club