Lake Forest Country Club Inc
Lake Forest Country Club Inc. consistently operates with expenses exceeding revenue, typical for a member-funded social club.
EIN: 200283427 · Louisville, KY · NTEE: N50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.6M |
| Total Expenses | $5.3M |
| Program Spending | 90% |
| Net Assets | $4.5M |
| Transparency Score | 60/100 |
Is Lake Forest Country Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Forest Country Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Forest Country Club Inc
Lake Forest Country Club Inc (EIN: 200283427) is a nonprofit organization based in Louisville, KY, classified under NTEE code N50. The organization reported total revenue of $6.6M and total assets of $11.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Forest Country Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Forest Country Club Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $5.3M |
| Surplus / Deficit | $-264,881 |
| Total Assets | $10.8M |
| Total Liabilities | $6.3M |
| Net Assets | $4.5M |
| Operating Margin | -5.3% |
| Debt-to-Asset Ratio | 58.3% |
| Months of Reserves | 24.4 months |
Financial Health Grade: C
In 2023, Lake Forest Country Club Inc reported a deficit of $265K with expenses exceeding revenue, holds 24.4 months of operating reserves (strong position), has a debt-to-asset ratio of 58.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lake Forest Country Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.4% | +8.7% | +31.1% |
| 2022 | +18.1% | +20.6% | +12.2% |
| 2021 | +21.3% | +25.0% | +11.7% |
| 2019 | -100.0% | -31.7% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lake Forest Country Club Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Lake Forest Country Club Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $265K, with expenses exceeding revenue.
- Debt-to-asset ratio: 58.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that its leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is common for social clubs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lake Forest Country Club Inc's IRS 990 filings:
- Consistent expenses exceeding revenue, though typical for social clubs, could indicate reliance on membership dues or other non-reported income to cover shortfalls if not managed carefully.
- Lack of detailed program spending breakdown in public filings, common for social clubs, limits external assessment of operational efficiency.
Strengths
The following positive indicators were identified for Lake Forest Country Club Inc:
- Significant growth in assets from $6,565,843 in 2020 to $10,782,899 in 2023, suggesting strong member support and investment in facilities.
- Consistent reporting of 0% officer compensation, indicating a potentially volunteer-driven or efficiently compensated leadership structure.
- Stable financial operations over many years, with 13 filings demonstrating ongoing activity and compliance.
Frequently Asked Questions about Lake Forest Country Club Inc
Is Lake Forest Country Club Inc a legitimate charity?
Lake Forest Country Club Inc (EIN: 200283427) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.6M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Lake Forest Country Club Inc spend its money?
Lake Forest Country Club Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lake Forest Country Club Inc tax-deductible?
Lake Forest Country Club Inc is registered as a tax-exempt nonprofit (EIN: 200283427). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lake Forest Country Club Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Lake Forest Country Club Inc is above average for NTEE category N50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake Forest Country Club Inc located?
Lake Forest Country Club Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 200283427. It is classified under NTEE code N50.
How many years of IRS 990 filings does Lake Forest Country Club Inc have?
Lake Forest Country Club Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.6M in total revenue.
Is Lake Forest Country Club Inc. a public charity?
No, Lake Forest Country Club Inc. is classified under NTEE code N50, which corresponds to 'Recreational, Sports, Leisure, & Social Clubs'. This typically indicates a 501(c)(7) social club, not a public charity.
How has the organization's asset base changed over time?
The organization's assets have shown significant growth, increasing from $6,565,843 in 2020 to $10,782,899 in 2023, indicating substantial investment and expansion.
Does the club generate a profit?
Based on the filings, the club frequently reports expenses exceeding revenue, for example, $5,296,805 in expenses against $5,031,924 in revenue in 2023. This is common for member-funded social clubs that reinvest income into member services and facilities rather than generating a surplus.
What is the purpose of this organization's tax-exempt status?
As a 501(c)(7) social club, its tax-exempt status is for the pleasure, recreation, and other nonprofitable purposes of its members, not for public benefit in the way a public charity would be.
Filing History
IRS 990 filing history for Lake Forest Country Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake Forest Country Club Inc's revenue has grown by 55.2%, moving from $3.2M to $5.0M. Total assets increased by 29.5% over the same period, from $8.3M to $10.8M. Total functional expenses rose by 52.8%, from $3.5M to $5.3M. In its most recent filing year (2023), Lake Forest Country Club Inc reported a deficit of $265K, with expenses exceeding revenue. The organization holds $6.3M in liabilities against $10.8M in assets (debt-to-asset ratio: 58.3%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $5.3M | $10.8M | $6.3M | — | — |
| 2022 | $4.8M | $4.9M | $8.2M | $3.5M | — | View 990 |
| 2021 | $4.0M | $4.0M | $7.3M | $2.5M | — | View 990 |
| 2020 | $3.3M | $3.2M | $6.6M | $1.7M | — | View 990 |
| 2019 | $0 | $235K | $6.4M | $1.8M | — | — |
| 2018 | $217K | $344K | $6.7M | $1.6M | — | View 990 |
| 2017 | $47K | $412K | $6.8M | $1.6M | — | View 990 |
| 2016 | $0 | $425K | $5.9M | $0 | — | View 990 |
| 2015 | $2.8M | $3.3M | $6.7M | $1.1M | — | View 990 |
| 2014 | $2.8M | $3.3M | $7.4M | $1.5M | — | View 990 |
| 2013 | $3.0M | $3.4M | $8.2M | $1.3M | — | View 990 |
| 2012 | $3.1M | $3.5M | $8.4M | $1.2M | — | View 990 |
| 2011 | $3.2M | $3.5M | $8.3M | $739K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $5.3M, and assets of $10.8M (revenue +5.4% year-over-year).
- 2022: Revenue of $4.8M, expenses of $4.9M, and assets of $8.2M (revenue +18.1% year-over-year).
- 2021: Revenue of $4.0M, expenses of $4.0M, and assets of $7.3M (revenue +21.3% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.2M, and assets of $6.6M.
- 2019: Revenue of $0, expenses of $235K, and assets of $6.4M (revenue -100.0% year-over-year).
- 2018: Revenue of $217K, expenses of $344K, and assets of $6.7M (revenue +363.3% year-over-year).
- 2017: Revenue of $47K, expenses of $412K, and assets of $6.8M.
- 2016: Revenue of $0, expenses of $425K, and assets of $5.9M (revenue -100.0% year-over-year).
- 2015: Revenue of $2.8M, expenses of $3.3M, and assets of $6.7M (revenue -1.8% year-over-year).
- 2014: Revenue of $2.8M, expenses of $3.3M, and assets of $7.4M (revenue -5.1% year-over-year).
- 2013: Revenue of $3.0M, expenses of $3.4M, and assets of $8.2M (revenue -3.7% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.5M, and assets of $8.4M (revenue -4.6% year-over-year).
- 2011: Revenue of $3.2M, expenses of $3.5M, and assets of $8.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Forest Country Club Inc:
Data Sources and Methodology
This transparency report for Lake Forest Country Club Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.