ELAWA FARM FOUNDATION

EIN: 710875472 501(c)(3) Arts, Culture & Humanities

LAKE FOREST, IL

Total Revenue
$3,067,146
Total Expenses
$2,462,707
Total Assets
$3,409,034
Net Assets
$3,061,745
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IL
Principal Officer
MARION CHRISTOPH
Phone
8472341966
Tax Period
2024-01-01 to 2024-12-31

ELAWA FARM FOUNDATION, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $604K, a strong 20% operating margin.

Mission

TO SOLICIT, FUNDRAISE, MANAGE AND DISBURSE FUNDS IN THE FURTHERANCE OF THE MASTER PLAN FOR RESTORATION AND OPERATION OF THE ELAWA FARM SITE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,625,173
Program Service Revenue $1,348,532
Investment Income $58,162
Other Revenue $35,279
TOTAL REVENUE $3,067,146

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,305,868
Fundraising Expenses $14,648
Program Expenses $1,888,551
Other Expenses $1,156,839
TOTAL EXPENSES $2,462,707

Year-over-Year Comparison

2024 2023 Change
Revenue $3,067,146 $2,117,637 +0.4%
Expenses $2,462,707 $1,585,038 +0.6%
Net Income $604,439 $532,599 +0.1%
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

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Governance

Voting Members
24
Independent Members
24
Employees
70
Volunteers
270

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
3
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELISA ALLAN DIRECTOR 1.00
Director
$0 $0 $0
AMMAR BAHRANI TREASURER 1.00
Officer Director
$0 $0 $0
ELIZABETH BORLAND BLODGETT PRESIDENT 1.00
Officer Director
$0 $0 $0
NED BORLAND DIRECTOR 1.00
Director
$0 $0 $0
FIELD CARTON DIRECTOR 1.00
Director
$0 $0 $0
MARION CHRISTOPH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RICHARD CROWLEY DIRECTOR 1.00
Director
$0 $0 $0
TAMMY DURKIN DIRECTOR 1.00
Director
$0 $0 $0
NANCY FLETCHER DEVELOPMENT CHAIR 1.00
Director
$0 $0 $0
LINDA GANSHIRT DIRECTOR 1.00
Director
$0 $0 $0
LISA GOLDFAYN PROGRAMS AND OPS CHAIR 1.00
Director
$0 $0 $0
MARK GOODMAN DIRECTOR 1.00
Director
$0 $0 $0
ALEXANDER BUEL HODGES DIRECTOR 1.00
Director
$0 $0 $0
KATE HOLLAND DIRECTOR 1.00
Director
$0 $0 $0
MARGARET MARSHALL DIRECTOR 1.00
Director
$0 $0 $0
BENJAMIN OLSON DIRECTOR 1.00
Director
$0 $0 $0
RILEY O'NEIL DIRECTOR 1.00
Director
$0 $0 $0
ELLORY PECK DIRECTOR 1.00
Director
$0 $0 $0
JAMIE PRUETT DIRECTOR 1.00
Director
$0 $0 $0
MARINA CARNEY PURYEAR DIRECTOR 1.00
Director
$0 $0 $0
CORLENE RHOADES DIRECTOR 1.00
Director
$0 $0 $0
CARLA WESTCOTT DIRECTOR 1.00
Director
$0 $0 $0
AMBLER HARRISON DIRECTOR 1.00
Director
$0 $0 $0
JOHN PLANT DIRECTOR 1.00
Director
$0 $0 $0
LAURA CALVERT EXECUTIVE DIRECTOR 40.00
Highest
$138,987 $0 $138,987
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 $3,067,146 $2,462,707 $3,409,034 $604,439
2023 $2,117,637 $1,585,038 $2,745,723 $532,599
2022 $1,554,515 $1,431,305 $2,189,225 $123,210
2021 $1,361,099 $1,122,431 $1,893,992 $238,668
2020 $861,311 $878,744 $1,666,564 $-17,433
2019 $859,691 $751,295 $1,593,160 $108,396
2018 $870,763 $692,146 $1,502,680 $178,617
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