Civic Intelligence

The Lake Forest Club

EIN 36-2434663 • 501(c)7 • Lake Forest, IL

Profile

The pupose of the club is to provide tennis, swimming, platform tennis, dining and social facilities to its members.

554 North Westmoreland RoadLake Forest, IL 60045

www.lakeforestclub.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

2.41x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

84th percentile

1.41x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2025

Net Margin

19th percentile

-6.8%

Higher net margin than 19% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

4th percentile

-21%

Faster asset growth than 4% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Revenue Growth

15th percentile

-7.5%

Faster revenue growth than 15% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Assets

Down

$1,586,530

Down $707,568 (-31%) from 2023

Liabilities

Down

$3,824,190

Down $367,718 (-8.8%) from 2023

Net Assets

Down

-$2,237,660

Down $339,850 (-18%) from 2023

Revenue

Down

$2,715,223

Down $488,851 (-15%) from 2023

Expenses

Down

$2,900,899

Down $924,566 (-24%) from 2023

Net Income

Up

-$185,676

Up $435,715 (+70%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2015: $3,915,026Liabilities 2015: $2,658,445Net Assets 2015: $1,256,5812015Assets 2016: $3,808,731Liabilities 2016: $2,699,312Net Assets 2016: $1,109,4192016Assets 2017: $3,463,186Liabilities 2017: $2,626,111Net Assets 2017: $837,0752017Assets 2018: $3,099,465Liabilities 2018: $2,647,380Net Assets 2018: $452,0852018Assets 2019: $2,954,083Liabilities 2019: $4,134,920Net Assets 2019: -$1,180,8372019Assets 2020: $2,732,717Liabilities 2020: $4,025,291Net Assets 2020: -$1,292,5742020Assets 2021: $2,887,612Liabilities 2021: $4,118,775Net Assets 2021: -$1,231,1632021Assets 2022: $3,269,536Liabilities 2022: $4,326,790Net Assets 2022: -$1,057,2542022Assets 2023: $2,294,098Liabilities 2023: $4,191,908Net Assets 2023: -$1,897,8102023Assets 2025: $1,586,530Liabilities 2025: $3,824,190Net Assets 2025: -$2,237,6602025

Highlighted filing

2025

Assets$1,586,530
Liabilities$3,824,190
Net Assets-$2,237,660

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2015: $2,622,220Expenses 2015: $2,801,417Net Income 2015: -$179,1972015Revenue 2016: $2,508,369Expenses 2016: $2,676,264Net Income 2016: -$167,8952016Revenue 2017: $2,319,667Expenses 2017: $2,641,283Net Income 2017: -$321,6162017Revenue 2018: $2,277,162Expenses 2018: $2,698,004Net Income 2018: -$420,8422018Revenue 2019: $2,434,070Expenses 2019: $2,632,004Net Income 2019: -$197,9342019Revenue 2020: $2,459,905Expenses 2020: $2,541,500Net Income 2020: -$81,5952020Revenue 2021: $2,692,878Expenses 2021: $1,878,317Net Income 2021: $814,5612021Revenue 2022: $3,426,094Expenses 2022: $3,027,313Net Income 2022: $398,7812022Revenue 2023: $3,204,074Expenses 2023: $3,825,465Net Income 2023: -$621,3912023Revenue 2025: $2,715,223Expenses 2025: $2,900,899Net Income 2025: -$185,6762025

Highlighted filing

2025

Revenue$2,715,223
Expenses$2,900,899
Net Income-$185,676

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Oct 1, 2025
Return Version
2024v5.0
Gross Receipts
$2,715,223
Mission and Program Overview

Mission

The purpose of the club is to provide tennis, swimming, platform tennis, dining and social facilities to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,556,451$1,305,154▼ $251,297
Accounts Receivable$271,594$218,419▼ $53,175
Inventories for Sale or Use$42,329$40,704▼ $1,625
Cash and Non-Interest-Bearing Accounts$13,660$18,882▲ $5,222
Prepaid Expenses and Deferred Charges$2,331$2,331→ $0
Savings and Temporary Cash Investments$67,095$1,040▼ $66,055
Rtn Earn Endowment Incm Other Fnds$-1,943,883$-2,237,660▼ $293,777
Total Assets$1,953,460$1,586,530▼ $366,930
Liabilities
Other Liabilities$3,790,913$3,681,089▼ $109,824
Deferred Revenue$74,430$91,515▲ $17,085
Accounts Payable and Accrued Expenses$32,000$51,586▲ $19,586
Total Liabilities$3,897,343$3,824,190▼ $73,153
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,943,883$-2,237,660▼ $293,777
Total Liabilities and Net Assets / Fund Balance$1,953,460$1,586,530▼ $366,930
Compensation and Service Providers

Board Members and Trustees

NameTitle
Linda MulveyDirector At-
Ward RossDirector At-
Tom JohnsonAquatics
Samantha TraceCommunicatio
Alan CichonDining
Rob BusamMembership
Ben GauthierMEN'S RACQUE
Greg GoetzOperations
Kevin FitzgeraldSecretary
Jill BuckmanSocial
Jimmy HugillTreasurer
Meredith GauthierWomensracque
Hayley CropperYouth Progra
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,327,562
Investment Income
$0
Other Revenue
$387,661
Change in Net Assets
$-185,676
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,570,741
Other Expenses$1,330,158
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,368,050--$1,368,050
All Other Expenses$306,671--$306,671
Depreciation Depletion$148,759--$148,759
Payroll Taxes$145,065--$145,065
Insurance$129,247--$129,247
Other Expenses$86,762--$86,762
Interest$70,217--$70,217
Other Employee Benefits$57,626--$57,626
Office Expenses$36,393$1,976-$38,369
Fees for Services Other$13,477--$13,477
Advertising$5,565--$5,565
Total Functional Expenses$2,898,923$1,976$0$2,900,899
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable Lf Bank$1,604,900
Bonds Payable$1,568,133
Note Payable Sba$433,056
Notes Payable Loc$75,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
The Lake Forest Club
EIN
36-2434663
Phone
8472345316
Address
554 NORTH WESTMORELAND ROAD, LAKE FOREST, IL 60045

Signing Officer

Name
Leslie Brewer
Title
President
Phone
8472345316
Signed
2025-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leslie Brewer
Formed
1958
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
117

Preparer

Firm
Definitive Solutions Inc
Address
340 BRIDGE ST, BURLINGTON, WI 53105
Preparer
Brian a Hochschild CPA
Phone
2627635556
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

The pupose of the club is to provide tennis, swimming, platform tennis, dining and social facilities to its members.

Form 990, Part IX, Line 24E

Real estate tax 59,378 0 0 tennis costs 57,506 0 0 supplies 42,911 0 0 platform tennis costs 32,963 0 0 credit card fees 32,230 0 0 entertainment expense 15,165 0 0 linen & laundry expense 13,958 0 0 telephone expense 12,825 0 0 miscellaneous expense 9,827 0 0 swim costs 8,445 0 0 payroll processing 7,835 0 0 dues & subscriptions 4,675 0 0 accrued utilities 3,260 0 0 licenses 2,119 0 0 food credits 2,000 0 0 camp expense 677 0 0 awards 429 0 0 member promo 250 0 0 employee meals 192 0 0 travel expense 38 0 0 uniform expense -12 0 0 total 306,671 0 0

Form 990, Part XI, Line 9

Book / tax depreciation difference -111,008

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3189382
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4104902
IRS990/ProgSrvcAccomActy2Grp/Desc0FOOD AND BEVERAGE SERVICES ARE PROVIDED TO ALL MEMBERS AND FAMILIES.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE PUPOSE OF THE CLUB IS TO PROVIDE TENNIS, SWIMMING, PLATFORM TENNIS, DINING AND SOCIAL FACILITIES TO ITS MEMBERS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYOtherExpensesAmt01425125
IRS990/PYOtherRevenueAmt0271565
IRS990/PYProgramServiceRevenueAmt02720670
IRS990/PYRevenuesLessExpensesAmt0-125441
IRS990/PYSalariesCompEmpBnftPaidAmt01692551
IRS990/PYTotalExpensesAmt03117676
IRS990/PYTotalRevenueAmt02992235
IRS990/ReconcilationRevenueExpnssAmt0-185676
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-1943883
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-2237660
IRS990/SavingsAndTempCashInvstGrp/BOYAmt067095
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01040
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01604900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11568133
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2433056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt375000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE LF BANK
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BONDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NOTE PAYABLE SBA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NOTES PAYABLE LOC
IRS990ScheduleD/TotalLiabilityAmt03681089
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PUPOSE OF THE CLUB IS TO PROVIDE TENNIS, SWIMMING, PLATFORM TENNIS, DINING AND SOCIAL FACILITIES TO ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REAL ESTATE TAX 59,378 0 0 TENNIS COSTS 57,506 0 0 SUPPLIES 42,911 0 0 PLATFORM TENNIS COSTS 32,963 0 0 CREDIT CARD FEES 32,230 0 0 ENTERTAINMENT EXPENSE 15,165 0 0 LINEN & LAUNDRY EXPENSE 13,958 0 0 TELEPHONE EXPENSE 12,825 0 0 MISCELLANEOUS EXPENSE 9,827 0 0 SWIM COSTS 8,445 0 0 PAYROLL PROCESSING 7,835 0 0 DUES & SUBSCRIPTIONS 4,675 0 0 ACCRUED UTILITIES 3,260 0 0 LICENSES 2,119 0 0 FOOD CREDITS 2,000 0 0 CAMP EXPENSE 677 0 0 AWARDS 429 0 0 MEMBER PROMO 250 0 0 EMPLOYEE MEALS 192 0 0 TRAVEL EXPENSE 38 0 0 UNIFORM EXPENSE -12 0 0 TOTAL 306,671 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE -111,008
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01953460
IRS990/TotalAssetsEOYAmt01586530
IRS990/TotalAssetsGrp/BOYAmt01953460
IRS990/TotalAssetsGrp/EOYAmt01586530
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt0117
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01976
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02898923
IRS990/TotalFunctionalExpensesGrp/TotalAmt02900899
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03897343
IRS990/TotalLiabilitiesEOYAmt03824190
IRS990/TotalLiabilitiesGrp/BOYAmt03897343
IRS990/TotalLiabilitiesGrp/EOYAmt03824190
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1943883
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2237660
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0111225
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0111225
IRS990/TotalProgramServiceRevenueAmt02327562
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02715223
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02715223
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01953460
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01586530
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0554 N WESTMORELAND RD
IRS990/USAddress/CityNm0LAKE FOREST
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060045
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.LAKEFORESTCLUB.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LESLIE BREWER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08472345316
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LAKE FOREST CLUB
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0362434663
ReturnHeader/Filer/PhoneNum08472345316
ReturnHeader/Filer/USAddress/AddressLine1Txt0554 NORTH WESTMORELAND ROAD
ReturnHeader/Filer/USAddress/CityNm0LAKE FOREST
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060045
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205121966
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DEFINITIVE SOLUTIONS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0340 BRIDGE ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BURLINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053105
ReturnHeader/PreparerPersonGrp/PhoneNum02627635556
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN A HOCHSCHILD CPA
ReturnHeader/ReturnTs02025-10-16T10:52:38-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-04-01
ReturnHeader/TaxPeriodEndDt02025-03-31
ReturnHeader/TaxYr02024

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