Community Foundation of South Lake… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

Laura Michalski

Tax Period

2024-10-01 to 2025-09-30

Community Foundation of South Lake County Inc, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 151% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 14% surplus.

Mission

The Foundations purpose is to enhance the lives of the residents of South Lake County now and for future generations by working together with our donors to build resources, address needs, and collaborate on key community issues and initiatives.

Program Service Accomplishments

Program 1

Expenses: $1,445,781

The Foundation gives grants to eligible nonprofits for a variety of charitable purpose. The Foundations purpose is to enhance the lives of the residents of South Lake County now and for future...

The Foundation gives grants to eligible nonprofits for a variety of charitable purpose. The Foundations purpose is to enhance the lives of the residents of South Lake County now and for future generations to come by working together with our donors to build resources address needs and collaborate on key community issues and initiatives.

Program 2

Expenses: $505,694

The Foundation stewards charitable funds for individuals, families, business, and organization to help them address community issues that impact them. Additionally, the Foundation provides support to...

Program 3

Expenses: $63,549

Need and merit-based scholarships/grants are provided to schools and institutions to aid students in pursuing higher learning, continuing education, and career readiness.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $851,076

Program Service Revenue $0

Investment Income $1,414,250

Other Revenue $185,145

TOTAL REVENUE $2,450,471

Expense Breakdown

Grants Paid $1,445,781

Salaries & Benefits $217,135

Fundraising Expenses $21,493

Program Expenses $2,015,024

Other Expenses $437,282

TOTAL EXPENSES $2,100,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,450,471	$978,006	+1.5%
Expenses	$2,100,198	$3,670,145	-0.4%
Net Income	$350,273	$-2,692,139	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Pat Carraciolo	Vice President	1.00	Director	$0	$0	$0
Doneth Rose	Director	2.00	Director	$0	$0	$0
Heather Theis	Director	1.00	Director	$0	$0	$0
Donald Keene	Director	1.00	Director	$0	$0	$0
Erica Cole	Director	1.00	Director	$0	$0	$0
Nate Edmund	Director	1.00	Director	$0	$0	$0
Debbie Flynn	Director	1.00	Director	$0	$0	$0
Jill Ganley	Director	1.00	Director	$0	$0	$0
Sheri Spivey	Director	0.00	Director	$0	$0	$0
Merideth Nagel	Director	0.00	Director	$0	$0	$0
Michael Spartz	Treasurer	2.00	Officer Director	$0	$0	$0
Paula Hosington	President	2.00	Officer Director	$0	$0	$0
Sandy Simmonds	Immediate Past President	2.00	Officer	$0	$0	$0
Laura Michalski	Executive Director	40.00	Officer Key Emp	$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	$2,450,471	$2,100,198	$20,049,212	$350,273
2024	$978,006	$3,670,145	$19,142,546	$-2,692,139
2023	$1,689,296	$1,162,569	$18,631,354	$526,727
2022	$4,419,592	$1,470,970	$16,635,104	$2,948,622
2021	$3,315,100	$2,078,400	$17,602,287	$1,236,700
2020	$2,322,171	$1,080,908	$14,608,777	$1,241,263
2019	$1,227,761	$1,111,654	$13,321,233	$116,107
2018	$1,407,474	$1,058,375	$13,331,206	$349,099

Community Foundation of South Lake County Inc