Lake County Education Association Inc (EIN 510182681) - 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

1966

Legal Domicile

Tax Period

2023-09-01 to 2024-08-31

Lake County Education Association Inc, founded in 1966, is a small nonprofit that reported $916K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

Representation, Development and Recognition of Public School Teachers

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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 (2023)

Revenue Breakdown

Contributions & Grants $915,007

Program Service Revenue $0

Investment Income $1,064

Other Revenue $0

TOTAL REVENUE $916,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,706

Fundraising Expenses $0

Program Expenses $971,719

Other Expenses $713,013

TOTAL EXPENSES $971,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$916,071	$1,028,288	-0.1%
Expenses	$971,719	$1,050,626	-0.1%
Net Income	$-55,648	$-22,338	+1.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sandra Scott	Director	1.00	Director	$0	$0	$0
Elizabeth Schlotter	Director	1.00	Director	$0	$0	$0
Tessa Clark	Director	1.00	Director	$0	$0	$0
Jaime Perna	Director	1.00	Director	$0	$0	$0
Louise Bell	Director	1.00	Director	$0	$0	$0
Tamara Russell	Director	1.00	Director	$0	$0	$0
Julie Hand	Director	5.00	Director	$0	$0	$0
Elisabeth Emery	Vice President	40.00	Officer Director	$0	$0	$0
Kathy Smith	President	40.00	Officer Director	$0	$0	$0
Tracy Wood	Secretary	2.00	Officer Director	$0	$0	$0
Sarah Baltunis	Treasurer	5.00	Officer 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	$916,071	$971,719	$625,099	$-55,648
2023	$1,028,288	$1,050,626	$711,548	$-22,338
2022	$1,146,671	$1,108,351	$742,119	$38,320
2021	$1,118,851	$1,085,285	$596,427	$33,566
2020	$1,148,732	$1,119,743	$563,024	$28,989

Lake County Education Association Inc