LAKE COUNTY PARTNERSHIP FOR ECONOMIC DEV (EIN 364206288) - 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

1998

Legal Domicile

Principal Officer

DAN JOYCE

Phone

8475971220

Tax Period

2024-01-01 to 2024-12-31

LAKE COUNTY PARTNERSHIP FOR ECONOMIC DEV, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 13% surplus.

Mission

TO MAINTAIN ECONOMIC VITALITY AND QUALITY OF LIFE IN LAKE COUNTY, ILLINOIS BY CREATING AND RETAINING JOBS, STIMULATING CAPITAL INVESTMENT, PURSUING ECONOMIC DIVERSITY AND IMPROVING THE COUNTY'S BUSINESS CLIMATE.

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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 $1,158,964

Program Service Revenue $184,000

Investment Income $38,604

Other Revenue $0

TOTAL REVENUE $1,381,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $656,715

Fundraising Expenses $84,189

Program Expenses $935,215

Other Expenses $552,082

TOTAL EXPENSES $1,208,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,381,568	$1,277,432	+0.1%
Expenses	$1,208,797	$1,290,873	-0.1%
Net Income	$172,771	$-13,441	-13.9%

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

$257,034

Total Directors

$257,034

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK DEUEL	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER R BLAYLOCK	TREASURER	2.00	Officer Director	$0	$0	$0
MARAH ALTENBERG	DIRECTOR	2.00	Director	$0	$0	$0
ANGELO D KYLE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES ROLFE	DIRECTOR	2.00	Director	$0	$0	$0
WENDY RHEAULT	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS HUTCHINSON	DIRECTOR	2.00	Director	$0	$0	$0
DERRICK BURRESS	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH LUNA	PAST CHAIR	2.00	Director	$0	$0	$0
SANDY HART	DIRECTOR	2.00	Director	$0	$0	$0
TRENT GORDON	DIRECTOR	2.00	Director	$0	$0	$0
LAWRENCE FALBE	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES LAMPHERE	DIRECTOR	2.00	Director	$0	$0	$0
DONOVAN PEPPER	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD KORENGOLD	PAST CHAIR	2.00	Director	$0	$0	$0
KEVIN HUNTER	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN CONSIDINE	PRESIDENT & CEO	40.00	Officer Director	$218,387	$38,647	$257,034
KEVIN MYERS	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN MADDEN	CHAIR	2.00	Officer Director	$0	$0	$0
JACK DANILKOWICZ	DIRECTOR	2.00	Director	$0	$0	$0
DAVID ALEXANDER	DIRECTOR	2.00	Director	$0	$0	$0
CONNIE LAVIN	DIRECTOR	2.00	Director	$0	$0	$0
DAN JOYCE	DIRECTOR	2.00	Director	$0	$0	$0
CHERI RICHARDSON	DIRECTOR	2.00	Director	$0	$0	$0
JILL BAREN	DIRECTOR	2.00	Director	$0	$0	$0
NIKKI FERNANDEZ	DIRECTOR	2.00	Director	$0	$0	$0
JOHN MCCANN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
RONALD LANZ	BUSINESS DEVELOPMENT DIREC	40.00	Highest	$142,320	$0	$142,320
BARBARA PRUSILA	MARKETING AND COMMUNICATIO	40.00	Highest	$113,253	$2,665	$115,918

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	$1,381,568	$1,208,797	$1,429,635	$172,771
2023	$1,277,432	$1,290,873	$1,255,646	$-13,441
2022	$1,020,964	$1,042,636	$1,165,621	$-21,672
2021	$1,384,451	$1,235,006	$1,205,864	$149,445
2020	$1,143,963	$1,027,824	$1,047,559	$116,139
2019	$1,221,465	$1,267,689	$1,034,981	$-46,224
2018	$1,436,730	$1,015,659	$970,645	$421,071

LAKE COUNTY PARTNERSHIP FOR ECONOMIC DEV