LAKE COUNTY COUNCIL ON AGING INC (EIN 810362436) - 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

1977

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

LAKE COUNTY COUNCIL ON AGING INC, founded in 1977, is a small nonprofit in the Housing & Shelter sector that reported $287K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $53K, a strong 19% operating margin.

Mission

Our mission is to help the needs of the elderly in our community so that they can lead independent, meaningful and dignified lives in their homes and communities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $228,572

Program Service Revenue $57,863

Investment Income $677

Other Revenue $0

TOTAL REVENUE $287,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,387

Fundraising Expenses $0

Program Expenses $155,491

Other Expenses $116,608

TOTAL EXPENSES $233,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$287,112	$333,027	-0.1%
Expenses	$233,995	$277,858	-0.2%
Net Income	$53,117	$55,169	0.0%

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

125

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
Steve Stanley	Director	1.00	Director	$0	$0	$0
Todd Wood	Director	1.00	Director	$0	$0	$0
Anne Stewart	Secretary	1.00	Officer Director	$0	$0	$0
Theresa Yores	Vice President	5.00	Officer Director	$0	$0	$0
Debra Upton	President	5.00	Officer Director	$0	$0	$0
Adele Vincent	Treasurer	1.00	Officer 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
2024	$287,112	$233,995	$541,815	$53,117
2023	$333,027	$277,858	$489,229	$55,169
2022	$581,867	$212,374	$431,482	$369,493
2021	$248,067	$227,363	$67,996	$20,704
2020	$218,373	$187,212	$73,063	$31,161
2019	$214,094	$210,317	$18,436	$3,777

LAKE COUNTY COUNCIL ON AGING INC