FRIENDS OF LAKESIDE LAB INC (EIN 421437094) - 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

1994

Legal Domicile

Phone

1722608458

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF LAKESIDE LAB INC, founded in 1994, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $673K, a strong 66% operating margin.

Mission

The Friends of Lakeside Lab supports Iowa Lakeside Laboratory and Regents Resource Center and serves as a community resource to champion the Labs work in water quality monitoring environmental education and research.

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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 $712,702

Program Service Revenue $41,513

Investment Income $283,068

Other Revenue $-14,412

TOTAL REVENUE $1,022,871

Expense Breakdown

Grants Paid $199,720

Salaries & Benefits $46,579

Fundraising Expenses $1,001

Program Expenses $256,582

Other Expenses $103,110

TOTAL EXPENSES $349,559

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,022,871	$1,208,634	-0.2%
Expenses	$349,559	$385,934	-0.1%
Net Income	$673,312	$822,700	-0.2%

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

$43,067

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Emily Baker	Executive Director - 6 months	32.00	Key Emp	$29,167	$0	$29,167
Lyndy Holdt	Executive Director - 55 months	25.00	Key Emp	$13,900	$0	$13,900
Joan Gronstal	Driector - President	10.00	Officer Director	$0	$0	$0
Randy Gould	Director - Vice President	5.00	Officer Director	$0	$0	$0
Kathy Kleen	Director - Secretary	3.00	Officer Director	$0	$0	$0
Barbara Mendenhall	Director - Treasurer	10.00	Officer Director	$0	$0	$0
Denise Barry	Director	2.00	Director	$0	$0	$0
Linda Hirsch	Director	2.00	Director	$0	$0	$0
Drew Hutchinson	Director2	2.00	Director	$0	$0	$0
Dean Jacobsen	Director	2.00	Director	$0	$0	$0
Deborah Lanners	Director	2.00	Director	$0	$0	$0
Barbara Liesveld	Director	2.00	Director	$0	$0	$0
Jeremy Lueck	Director	2.00	Director	$0	$0	$0
Tom Nelson	Director	2.00	Director	$0	$0	$0
Rebecca Peters	Director	2.00	Director	$0	$0	$0
Anne Slattery	Director	2.00	Director	$0	$0	$0
Joe Tiefenthaler	Director	2.00	Director	$0	$0	$0
John Wills	Director	2.00	Director	$0	$0	$0
Mark Zito	Director	2.00	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	$1,022,871	$349,559	$5,886,460	$673,312
2023	$1,208,634	$385,934	$4,988,473	$822,700
2022	$905,327	$371,752	$3,853,411	$533,575
2021	$743,187	$326,619	$3,755,320	$416,568
2020	$371,070	$189,764	$3,168,007	$181,306

FRIENDS OF LAKESIDE LAB INC