LAKE VIEW FOUNDATION (EIN 821192655) - 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

2017

Legal Domicile

Tax Period

2024-04-01 to 2025-03-31

LAKE VIEW FOUNDATION, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $305K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $838K exceeded revenue, resulting in a 174% operating deficit.

Mission

To assist with civic projects within the City of Lake View, IA

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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 $305,415

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $305,415

Expense Breakdown

Grants Paid $837,517

Salaries & Benefits $0

Fundraising Expenses $196

Program Expenses $837,517

Other Expenses $546

TOTAL EXPENSES $838,063

Year-over-Year Comparison

	2024	2023	Change
Revenue	$305,415	$457,106	-0.3%
Expenses	$838,063	$63,079	+12.3%
Net Income	$-532,648	$394,027	-2.4%

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

N/A

Employees

N/A

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	Role	Reportable Comp	Other Comp	Total
Jim Millenacker	President	Director	$0	$0	$0
Brent Muggenberg	Vice President	Director	$0	$0	$0
Judy Miller	Secretary	Director	$0	$0	$0
Darlis Jensen	Treasurer	Director	$0	$0	$0
Colton Wicker	Director	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
2025	$305,415	$838,063	$19,671	$-532,648
2024	$457,106	$63,079	$552,319	$394,027

LAKE VIEW FOUNDATION