SAVE THE LORRAINE FOUNDATION

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

HOOPESTON, IL

Total Revenue
$126,457
Total Expenses
$121,245
Total Assets
$535,690
Net Assets
$524,611
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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
2024-01-01 to 2024-12-31

SAVE THE LORRAINE FOUNDATION, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $211K in total revenue in fiscal year 2023. The organization ran a surplus of $59K, a strong 28% operating margin.

Mission

TO RESTORE A LOCAL HISTOIC THEATRE TO ENHANCE COMMUNTIY EVENTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $110,442
Program Service Revenue $650
Investment Income $8
Other Revenue $15,357
TOTAL REVENUE $126,457

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $115,072
Other Expenses $121,245
TOTAL EXPENSES $121,245

Year-over-Year Comparison

2024 2023 Change
Revenue $126,457 $211,267 -0.4%
Expenses $121,245 $152,639 -0.2%
Net Income $5,212 $58,628 -0.9%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBBIE BENJAMIN BOARD MEMBER N/A
Director
$0 $0 $0
TAMI GOIN BOARD MEMBER N/A
Director
$0 $0 $0
CAROL HICKS BOARD MEMBER N/A
Director
$0 $0 $0
ALEX HOUMES PRESIDENT N/A
Director
$0 $0 $0
MARTA PIERCE SECRETARY N/A
Director
$0 $0 $0
BETTY RICHARDS TREASURER N/A
Director
$0 $0 $0
JAMES RICHARDS VICE-PRESIDE 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
2024 $126,457 $121,245 $535,690 $5,212
2023 $211,267 $152,639 $536,842 $58,628
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