ELDERCARE LAKE COUNTY (EIN 814278360) - 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

2016

Legal Domicile

Principal Officer

WENDY RICHTER

Phone

8474064683

Tax Period

2024-01-01 to 2024-12-31

ELDERCARE LAKE COUNTY, founded in 2016, is a small nonprofit in the Human Services sector that reported $406K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $70K, a strong 17% operating margin.

Mission

PROMOTE THE HEALTH AND INDEPENDENCE OF ELDERLY RESIDENTS OF LAKE COUNTY, IL

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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 $391,051

Program Service Revenue $0

Investment Income $14,781

Other Revenue $0

TOTAL REVENUE $405,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $245,702

Fundraising Expenses $36,227

Program Expenses $229,376

Other Expenses $89,758

TOTAL EXPENSES $335,460

Year-over-Year Comparison

	2024	2023	Change
Revenue	$405,832	$350,409	+0.2%
Expenses	$335,460	$278,722	+0.2%
Net Income	$70,372	$71,687	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

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
WENDY RICHTER	CHAIR	1.00	Officer Director	$0	$0	$0
DWAYNE BELL	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD KRUBECK	SECRETARY	1.00	Officer Director	$0	$0	$0
EARL BALL	DIRECTOR	1.00	Director	$0	$0	$0
MARCELA COBIAN	DIRECTOR	1.00	Director	$0	$0	$0
LAVERA DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
PAM HRABAK	DIRECTOR	1.00	Director	$0	$0	$0
JEANETTE KEYES	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE LANDMESSER	DIRECTOR	1.00	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	$405,832	$335,460	$613,407	$70,372
2023	$350,409	$278,722	$511,510	$71,687
2022	$393,515	$315,703	$415,096	$77,812
2021	$322,135	$233,068	$357,945	$89,067
2020	$267,640	$215,557	$267,640	$52,083
2019	$246,213	$187,170	$212,602	$59,043
2018	$196,329	$182,139	$153,575	$14,190

ELDERCARE LAKE COUNTY