Foundation for Special Education District of Lake County (EIN 363803599) - 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

1991

Legal Domicile

Principal Officer

James Gruber

Phone

8475487032

Tax Period

2024-01-01 to 2024-12-31

Foundation for Special Education District of Lake County, founded in 1991, is a small nonprofit in the Education sector that reported $561K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $518K left a modest 8% surplus.

Mission

To enhance public awareness and generate resources to enrich educational, vocational, and social opportunities for special needs children.

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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 $658,474

Program Service Revenue $0

Investment Income $17,112

Other Revenue $-114,800

TOTAL REVENUE $560,786

Expense Breakdown

Grants Paid $363,369

Salaries & Benefits $131,784

Fundraising Expenses $88,410

Program Expenses $363,369

Other Expenses $22,534

TOTAL EXPENSES $517,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$560,786	$487,065	+0.2%
Expenses	$517,687	$446,207	+0.2%
Net Income	$43,099	$40,858	+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

100

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
Carl Abrahamson	Board Member	000.50	Director	$0	$0	$0
Sue Facklam	Board Member	000.50	Director	$0	$0	$0
Karen Peterson	Executive Member	000.50	Director	$0	$0	$0
Mike Frank	Vice Chair	001.25	Officer Director	$0	$0	$0
Amy Giertych	Board Member	000.50	Director	$0	$0	$0
Peter Graves	Board Member	000.75	Director	$0	$0	$0
James Gruber	Treasurer	001.50	Officer Director	$0	$0	$0
Michael Karner	Board Member	000.25	Director	$0	$0	$0
Drake Haigh	Executive Member	000.75	Director	$0	$0	$0
Benji Rubin	Board Member	N/A	Director	$0	$0	$0
Stephanie Felinczak	Executive Member	000.75	Director	$0	$0	$0
David Raye	Secretary	002.00	Officer Director	$0	$0	$0
Tom Doherty	Board Member	N/A	Director	$0	$0	$0
Kevin Rogers	Board Member	000.50	Director	$0	$0	$0
Al Scaletta	Executive Member	001.25	Director	$0	$0	$0
Joseph Charneske	Board Member	000.50	Director	$0	$0	$0
Melissa Brunette	Board Member	N/A	Director	$0	$0	$0
Bill Bennett	Board Member	000.75	Director	$0	$0	$0
Dave Rutkowski	Board Member	001.25	Director	$0	$0	$0
Don Riehm	Board Member	000.25	Director	$0	$0	$0
Paul Benjamin	Board Member	000.25	Director	$0	$0	$0
Kim Bedard-Sharun	Board Member	000.50	Director	$0	$0	$0
Rachael Rock	Board Member	000.50	Director	$0	$0	$0
Mark Bechtold	Board Member	000.50	Director	$0	$0	$0
Jerry Allen	Board Member	000.75	Director	$0	$0	$0
Mike Adams	Board Member	000.25	Director	$0	$0	$0
Anthony Adams	Board Member	000.25	Director	$0	$0	$0
Daniel Clark	Board Member	000.50	Director	$0	$0	$0
Val Donnan	Executive Member	000.50	Director	$0	$0	$0
Kristina Scheppa	Board Member	000.50	Director	$0	$0	$0
Kim Smith	Board Member	000.75	Director	$0	$0	$0
Mary Sowers	Chair	003.00	Officer Director	$0	$0	$0
Tracy Wasilewski	Board Member	000.50	Director	$0	$0	$0
Mary Witte- Tabbert	Board Member	000.25	Director	$0	$0	$0
Tom Zengeler	Board Member	000.50	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
2024	$560,786	$517,687	$979,527	$43,099
2023	$487,065	$446,207	$937,093	$40,858
2022	$493,779	$351,433	$895,224	$142,346
2021	$440,930	$379,273	$751,526	$61,657
2020	$314,190	$295,088	$712,669	$19,102
2019	$351,967	$297,192	$672,484	$54,775
2018	$394,830	$359,893	$615,654	$34,937

Foundation for Special Education District of Lake County