SAVE THE LORRAINE FOUNDATION

EIN: 463754471 501(c)(3) Arts, Culture & Humanities

HOOPESTON, IL

Total Revenue
$234,728
Total Expenses
$166,915
Total Assets
$606,173
Net Assets
$592,424
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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
2012
Legal Domicile
IL
Principal Officer
ALEX HOUMES
Phone
2172836111
Tax Period
2025-01-01 to 2025-12-31

SAVE THE LORRAINE FOUNDATION, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $235K in total revenue in fiscal year 2025. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $68K, a strong 29% operating margin.

Mission

TO RESTORE THE THEATRE IN THE COMMUNITY TO ENHANCE THE COMMUNITY

Program Service Accomplishments

Program 1
Expenses: $157,742

RESTORING THEATRE/BENEFITS THE ENTIRE COMMUNITY/CURRENTLY SHOWING MOVIES AT A SMALLER THEATRE TO RAISE FUNDS AND BE KNOWN IN COMMUNITY WHILE CONTINUING TO WORK ON THE LORRAINE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $36,250
Program Service Revenue $194,389
Investment Income $892
Other Revenue $3,197
TOTAL REVENUE $234,728

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $157,742
Other Expenses $166,915
TOTAL EXPENSES $166,915

Year-over-Year Comparison

2025 2024 Change
Revenue $234,728 $126,457 +0.9%
Expenses $166,915 $121,245 +0.4%
Net Income $67,813 $5,212 +12.0%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMANTHA ASKINS TREASURER N/A
Director
$0 $0 $0
DEBBIE BENJAMIN BOARD MEMBER N/A
Director
$0 $0 $0
KARLA COON BOARD MEMBER N/A
Director
$0 $0 $0
TAMI GOIN BOARD MEMBER N/A
Director
$0 $0 $0
ALEX HOUMES PRESIDENT N/A
Director
$0 $0 $0
ERIC HOUMES BOARD MEMBER N/A
Director
$0 $0 $0
KIM HOUMES BOARD MEMBER N/A
Director
$0 $0 $0
MARTA PIERCE SECRETARY N/A
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
2025 $234,728 $166,915 $606,173 $67,813
2024 $126,457 $121,245 $535,690 $5,212
2023 $211,267 $152,639 $536,842 $58,628
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