EDUCATIONAL FOUNDATION OF LAKE COUNTY INC (EIN 592764174) - 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

1986

Legal Domicile

Phone

3523261265

Tax Period

2024-07-01 to 2025-06-30

EDUCATIONAL FOUNDATION OF LAKE COUNTY INC, founded in 1986, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. The organization ran a surplus of $510K, a strong 23% operating margin.

Mission

THE EDUCATIONAL FOUNDATION IS THE DIRECT SUPPORT ORGANIZATION FOR LAKE COUNTY PUBLIC SCHOOLS. OUR MISSION IS TO SERVE AS THE CONNECTION BETWEEN OUR COMMUNITY AND PUBLIC EDUCATION, EVALUATING NEEDS AND SECURING RESOURCES TO ENHANCE THE QUALITY OF EDUCATION.

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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 $1,048,126

Program Service Revenue $423,995

Investment Income $30,824

Other Revenue $675,732

TOTAL REVENUE $2,178,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $276,026

Fundraising Expenses $95,548

Program Expenses $1,477,583

Other Expenses $1,392,654

TOTAL EXPENSES $1,668,680

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,178,677	$2,187,916	0.0%
Expenses	$1,668,680	$2,137,139	-0.2%
Net Income	$509,997	$50,777	+9.0%

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

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
KRISTY PARSONS	DIRECTOR	1.00	Director	$0	$0	$0
BE THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
LYNDSI JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MEEGHAN MOLDOF	DIRECTOR	1.00	Director	$0	$0	$0
ROSANNE BRANDENBURG	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY RHODES	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH JOHNSON	EXECUTIVE DIRECTOR	40.00	Director Key Emp	$0	$0	$0
DIANE KORNEGAY	DIRECTOR - EX OFFICIO	1.00	Director	$0	$0	$0
STEPHANIE LUKE	DIRECTOR - EX OFFICIO	1.00	Director	$0	$0	$0
ELLSABETH EMERY	DIRECTOR EX-OFFICIO	1.00	Director	$0	$0	$0
LEE WOODS	DIRECTOR	1.00	Director	$0	$0	$0
PEYTON GRINNELL	DIRECTOR	1.00	Director	$0	$0	$0
DON MARX	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
MARC ROBERTZ-SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
DORIS JACKSON-SHAZIER	DIRECTOR	1.00	Director	$0	$0	$0
ERIKA CORLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOE MACLAREN	DIRECTOR	1.00	Director	$0	$0	$0
RICH BILLINGS	TREASURER	1.00	Officer Director	$0	$0	$0
LORI BAKER	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW HACKLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
KASEY HOBBS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE DeGRAW	EXECUTIVE ADVISOR	1.00	Officer	$0	$0	$0
LOREN VASQUEZ	EXECUTIVE ADVISOR	1.00	Officer	$0	$0	$0
KEVIN STONE	BOARD ATTORNEY	1.00	Officer	$0	$0	$0
CINDI FALANGA	SECRETARY	1.00	Officer	$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	$2,178,677	$1,668,680	$5,780,541	$509,997
2024	$2,187,916	$2,137,139	$5,255,626	$50,777
2023	$2,265,387	$1,731,722	$5,196,827	$533,665
2022	$1,493,639	$1,501,348	$4,586,472	$-7,709
2021	$1,254,594	$1,317,204	$4,631,537	$-62,610
2020	$1,429,790	$1,349,170	$4,672,025	$80,620
2019	$1,447,378	$1,430,803	$4,569,552	$16,575
2018	$1,170,722	$1,107,122	$4,576,627	$63,600

EDUCATIONAL FOUNDATION OF LAKE COUNTY INC