FRIENDS OF LAKE FOREST PARKS & REC FOUNDATION

EIN: 364202592 501(c)(3) Recreation & Sports

LAKE FOREST, IL

Total Revenue
$1,493,015
Total Expenses
$131,334
Total Assets
$1,918,604
Net Assets
$1,892,877
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
IL
Principal Officer
JACKIE GRECA
Phone
8472346700
Tax Period
2023-10-01 to 2024-09-30

FRIENDS OF LAKE FOREST PARKS & REC FOUNDATION, founded in 2000, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 511% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 91% operating margin.

Mission

TO SUPPORT PROGRAMS AND FACILITIES OF THE LAKE FOREST PARKS AND RECREATION DEPARTMENT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,569,784
Program Service Revenue $0
Investment Income $1,817
Other Revenue $-78,586
TOTAL REVENUE $1,493,015

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $19,535
Program Expenses $99,000
Other Expenses $131,334
TOTAL EXPENSES $131,334

Year-over-Year Comparison

2023 2022 Change
Revenue $1,493,015 $244,299 +5.1%
Expenses $131,334 $444,601 -0.7%
Net Income $1,361,681 $-200,302 -7.8%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACKIE GRECA PRESIDENT 1.00
Officer Director
$0 $0 $0
NICOLE FABIANO-OERTEL VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRIAN LARISEY SECRETARY & TREASURER 1.00
Officer Director
$0 $0 $0
RICK AMOS DIRECTOR 0.50
Director
$0 $0 $0
KENDALL WESTRICH DAVIS DIRECTOR 0.50
Director
$0 $0 $0
FRED JACKSON DIRECTOR 0.50
Director
$0 $0 $0
STEVE MALIN DIRECTOR 0.50
Director
$0 $0 $0
MIKE MACDOUGAL DIRECTOR 0.50
Director
$0 $0 $0
KEVIN MAGNUSON DIRECTOR 0.50
Director
$0 $0 $0
JOHN OERTEL DIRECTOR 0.50
Director
$0 $0 $0
PJ O'NEIL DIRECTOR 0.50
Director
$0 $0 $0
ELIZABETH CHUNG-HALL DIRECTOR 0.50
Director
$0 $0 $0
RICK ZIGLER DIRECTOR 0.50
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 $1,493,015 $131,334 $1,918,604 $1,361,681
2023 $244,299 $444,601 $620,864 $-200,302
2022 $618,206 $503,505 $756,834 $114,701
2021 $433,092 $731,318 $990,377 $-298,226
2020 $607,019 $443,643 $920,645 $163,376
2019 $972,956 $1,367,137 $791,204 $-394,181
2018 $1,014,383 $467,580 $1,286,256 $546,803
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