LAKE COUNTY COMMUNITY FUND (EIN 814684882) - 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

JOHN MCMURTRY

Phone

7192933396

Tax Period

2023-01-01 to 2023-12-31

LAKE COUNTY COMMUNITY FUND, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $810K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $227K, a strong 28% operating margin.

Mission

THE LAKE COUNTY COMMUNITY FUND (LCCF) IS A NONPROFIT CREATED TO BRING ADDITIONAL RESOURCES INTO LAKE COUNTY TO SUPPORT THE COMMUNITY, INCLUDING LOCAL NON-PROFIT ORGANIZATIONS. THE VISION OF THE LCCF IS FOR LAKE COUNTY TO HAVE AN ABUNDANCE OF SUSTAINABLE PHILANTHROPIC RESOURCES TO SUPPORT A THRIVING COMMUNITY. ITS MISSION IS TO PROVIDE A MEANS TO EXPAND THE CAPACITY OF LOCAL ORGANIZATIONS, PROMOTE AND FACILITATE GIVING OPPORTUNITIES AND INSPIRE INVESTMENT IN LAKE COUNTY. THE LCCF WILL ENCOURAGE DONATIONS BY INDIVIDUALS, BUSINESSES, AND FOUNDATIONS, AND INVITE CHARITIES IN LEADVILLE AND TWIN LAKES TO APPLY FOR GRANT FUNDING TO FURTHER THEIR MISSIONS. THE LCCF WILL (I) CAPTURE PHILANTHROPIC DOLLARS OF PEOPLE AND ORGANIZATIONS WHO LOVE LEADVILLE; (II) SUPPORT EXISTING NON-PROFITS AND WORTHY CAUSES IN LAKE COUNTY; AND (III) MAKE GRANTS AND PROVIDE CAPACITY- BUILDING SERVICES TO EXISTING LAKE COUNTY NON-PROFITS.

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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 $764,842

Program Service Revenue $37,882

Investment Income $7,480

Other Revenue $0

TOTAL REVENUE $810,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,273

Fundraising Expenses $5,895

Program Expenses $559,711

Other Expenses $509,425

TOTAL EXPENSES $583,698

Year-over-Year Comparison

	2023	2022	Change
Revenue	$810,204	$495,119	+0.6%
Expenses	$583,698	$348,670	+0.7%
Net Income	$226,506	$146,449	+0.5%

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

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

$69,138

Total Directors

$69,138

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MCMURTRY	EXECUTIVE DI	40.00	Officer Director	$67,124	$2,014	$69,138
RACHEL BRUNETTI	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA KENDRICK	PRESIDENT	5.00	Officer Director	$0	$0	$0
JIM KOHLMOOS	DIRECTOR	2.00	Director	$0	$0	$0
GREG LABBE	DIRECTOR	2.00	Officer Director	$0	$0	$0
VAL LANDIS	SECRETARY	5.00	Officer Director	$0	$0	$0
KAYLA MARCELLA	VICE PRESIDE	5.00	Director	$0	$0	$0
MONICA MARTINEZ	DIRECTOR	2.00	Director	$0	$0	$0
GLORIA PEREZ	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN TURNER	TREASURER	5.00	Director	$0	$0	$0
NELL WAREHAM	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$810,204	$583,698	$1,000,214	$226,506
2022	$495,119	$348,670	$790,539	$146,449
2021	$473,987	$360,874	$666,326	$113,113
2020	$740,775	$542,317	$504,981	$198,458
2019	$248,067	$166,228	$305,299	$81,839

LAKE COUNTY COMMUNITY FUND