LAKE COMMUNITY FOUNDATION INC

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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

2006

Legal Domicile

Principal Officer

TOM HOSMEISTER

Phone

3525089053

Tax Period

2020-05-01 to 2021-04-30

LAKE COMMUNITY FOUNDATION INC, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $585K in total revenue in fiscal year 2020. The organization ran a surplus of $492K, a strong 84% operating margin.

Mission

THE MISSION OF THIS ORGANIZATION IS TO PROVIDE A COMMUNITY FOUNDATION THROUGH WHICH PHILANTHROPISTS CAN SUPPORT THEIR FAVORITE CHARITIES AND TO USE ITS ENDOWMENTS FOR THE BENEFIT OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $29,750 Revenue: $29,750

OPERATION OF GIVING CIRCLE DEDICATED TO HOMELESS

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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 (2020)

Revenue Breakdown

Contributions & Grants $29,750

Program Service Revenue $553,737

Investment Income $1,446

Other Revenue $0

TOTAL REVENUE $584,933

Expense Breakdown

Grants Paid $29,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,750

Other Expenses $63,243

TOTAL EXPENSES $92,993

Year-over-Year Comparison

	2020	2019	Change
Revenue	$584,933	N/A	N/A
Expenses	$92,993	N/A	N/A
Net Income	$491,940	N/A	N/A

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

N/A

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

$209,785

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BREWER	Director	1.00	Director	$0	$26,158	$209,785
TOM HOFMEISTER	Chairman	1.00	Officer Director	$0	$0	$0
RICHARD A PAUL	Treasurer	1.00	Officer Director	$0	$0	$0
ANITA YOUNG	Director	1.00	Director	$0	$0	$0
DEAN GUY	Director	1.00	Director	$0	$0	$0
MARGO S ODOM	Director	1.00	Director	$0	$0	$0
JOHN R PRICKETT	Director	1.00	Director	$0	$0	$0
ANN HUFFSTETLER ROU	Director	1.00	Director	$0	$0	$0
KEITH SHAMROCK	Director	1.00	Director	$0	$0	$0
GEORGE WARREN JR	Director	1.00	Director	$0	$0	$0
DALTON YANCEY	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
2021	$584,933	$92,993	$464,761	$491,940