LAKES REGION COMMUNITY SERVICES FOUNDATION (EIN 474258305) - 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

2015

Legal Domicile

Principal Officer

MARGARET SELIG

Phone

6035811588

Tax Period

2024-07-01 to 2025-06-30

LAKES REGION COMMUNITY SERVICES FOUNDATION, founded in 2015, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $36K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $66K exceeded revenue, resulting in a 85% operating deficit.

Mission

TO SOLICIT AND RECEIVE FUNDS THROUGH FUNDRAISING EFFORTS AND ADMINISTER THESE FUNDS FOR THE BENEFIT OF LAKES REGION COMMUNITY SERVICES COUNCIL, INC. AND ANY OTHER CHARITABLE, SCIENFTIFIC OR EDUCATIONAL PURPOSE.

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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 $22,527

Program Service Revenue $0

Investment Income $12,975

Other Revenue $0

TOTAL REVENUE $35,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,005

Other Expenses $65,593

TOTAL EXPENSES $65,593

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,502	$88,991	-0.6%
Expenses	$65,593	$52,353	+0.3%
Net Income	$-30,091	$36,638	-1.8%

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

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

N/A

Volunteers

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

$173,963

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET SELIG	PRESIDENT	1.00	Officer Director	$0	$0	$0
EMILY FORTSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOANNE PIPER LANG	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
REBECCA L TOLMAN	DIRECTOR	1.00	Director	$0	$23,946	$173,963
R STUART WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON-ROBINSON BELAND	DIRECTOR	1.00	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
2025	$35,502	$65,593	$645,992	$-30,091
2024	$88,991	$52,353	$584,808	$36,638
2023	$80,474	$59,470	$492,957	$21,004
2022	$39,872	$6,160	$418,467	$33,712
2021	$81,792	$140,663	$439,493	$-58,871
2020	$205,758	$73,540	$438,882	$132,218

LAKES REGION COMMUNITY SERVICES FOUNDATION