THE LAKE FOREST LIBRARY FOUNDATION

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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

2019

Legal Domicile

Principal Officer

MARK SARAN

Phone

8478104602

Tax Period

2024-05-01 to 2025-04-30

THE LAKE FOREST LIBRARY FOUNDATION, founded in 2019, is a micro nonprofit in the Education sector that reported $63K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $58K, a strong 93% operating margin.

Mission

THE ORGANIZATION'S PURPOSE IS TO PROVIDE SUPPORT TO THE LAKE FOREST LIBRARY IN ITS MISSION TO INSPIRE LIFE-LONG LEARNING, PROMOTE THE FREE AND RESPECTFUL EXCHANGE OF IDEAS AND TO BUILD COMMUNITY.

Program Service Accomplishments

Program 1

THE ORGANIZATION OPERATES TO SUPPORT THE LAKE FOREST LIBRARY .

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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 $29,030

Program Service Revenue $0

Investment Income $33,638

Other Revenue $0

TOTAL REVENUE $62,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $161

Other Expenses $4,363

TOTAL EXPENSES $4,363

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,668	$55,111	+0.1%
Expenses	$4,363	$10,753	-0.6%
Net Income	$58,305	$44,358	+0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SARAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE SINCLAIR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
L ROBERT PASQUESI	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL HOEFT	SECRETARY	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
2025	$62,668	$4,363	$557,237	$58,305
2024	$55,111	$10,753	$484,827	$44,358
2023	$33,764	$7,712	$392,237	$26,052
2022	$366,850	$17,272	$362,227	$349,578