FOREST LAKE CLUB (EIN 570164525) - 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

1926

Legal Domicile

Principal Officer

BARBARA JACKSON

Phone

8037872177

Tax Period

2024-11-01 to 2025-10-31

FOREST LAKE CLUB, founded in 1926, is a mid-sized nonprofit in the Recreation & Sports sector that reported $14.2M in total revenue in fiscal year 2024. Expenses of $13.0M left a modest 9% surplus.

Mission

THE CLUB IS DEDICATED TO FOSTERING A WELCOMING ENVIRONMENT WHERE MEMBERS, FAMILY, AND FRIENDS COME TOGETHER TO ENJOY EXCEPTIONAL SERVICE, PREMIER FACILITIES, AND VIBRANT SOCIAL CONNECTIONS. WE ARE COMMITTED TO CREATING MEMORABLE EXPERIENCES THAT REFLECT OUR COMMITMENT TO EXCELLENCE AND COMMUNITY.

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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 $7,294,131

Program Service Revenue $5,278,572

Investment Income $82,655

Other Revenue $1,586,505

TOTAL REVENUE $14,241,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,312,383

Fundraising Expenses $0

Program Expenses $10,144,171

Other Expenses $6,671,246

TOTAL EXPENSES $12,983,629

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,241,863	$13,839,780	+0.0%
Expenses	$12,983,629	$12,239,238	+0.1%
Net Income	$1,258,234	$1,600,542	-0.2%

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

241

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

$242,616

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM M MERRITT	BOARD MEMBER	0.00	Director	$0	$0	$0
STERLING G DAVIES	BOARD MEMBER	0.00	Director	$0	$0	$0
JOSEPH PATRICK MCKAIN	BOARD MEMBER	0.00	Director	$0	$0	$0
WILLIAM P MCELVEEN JR	BOARD MEMBER	0.00	Director	$0	$0	$0
A TYLER COLPINI	BOARD MEMBER	0.00	Director	$0	$0	$0
WALTER M KEENAN JR	BOARD MEMBER	0.00	Director	$0	$0	$0
PETER G FAWCETT	PRESIDENT	0.00	Officer	$0	$0	$0
MARK M JAMES	VICE PRESIDENT	0.00	Officer	$0	$0	$0
JACOB CYR	GM/COO	40.00	Key Emp	$242,616	$0	$242,616

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	$14,241,863	$12,983,629	$19,175,663	$1,258,234
2024	$13,839,780	$12,239,238	$18,978,014	$1,600,542
2023	$11,950,066	$11,256,965	$18,186,546	$693,101
2022	$10,657,455	$9,708,412	$17,782,694	$949,043
2021	$9,625,528	$8,721,054	$17,969,748	$904,474
2020	$8,883,017	$7,919,516	$17,265,290	$963,501
2019	$11,344,263	$7,897,569	$15,669,376	$3,446,694
2018	$6,933,489	$7,044,195	$7,170,026	$-110,706

FOREST LAKE CLUB